📜 Electricity Corporations Amendment Bill 2006
Bill discharged from Notice Paper under Standing Order 144ALA12 April 2006Private Member
The Electricity Corporations Amendment Bill 2006 amends the Electricity Corporations Act 2005 to prohibit the Electricity Networks Corporation from paying any dividends. It clarifies the definition of dividend-paying corporations, excluding the Electricity Networks Corporation.
Impact
This bill affects the Electricity Networks Corporation and potentially the State's budget, as it removes a potential source of revenue. It matters because it changes the financial structure of the corporation.
Key Changes
["Prohibits Electricity Networks Corporation from paying dividends", "Amends section 126 of the Electricity Corporations Act 2005", "Defines 'dividend paying corporation' to exclude Electricity Networks Corporation"]
Parliamentary Progress
- LA IntroducedLA12 Apr 2006
- LA Second Reading MovedLA10 May 2006
Affected Sectors
utilitiespublic_sector
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