84AA Financial benefits given on arm's length terms New s. 84AA inserted by (1) A financial benefit given before 1 July 1995 by a No. 79/1995 s. 10. distribution company or generation company under a relevant contract to a recipient is deemed for the purposes of Part 3.2A of the Corporations Law of Victoria (despite anything to the contrary in that Law) to have been given on terms and conditions no more favourable to the recipient than those on which it is reasonable to expect that the first-mentioned distribution company or generation company would have given the benefit directly if dealing with the recipient at arm's length in the same circumstances. (2) In subsection (1)— means Power Net Victoria, VPX, SEC, recipient Generation Victoria, a distribution company or a generation company; means use of system agreement, relevant contract connection agreement, distribution system agreement, tariffs and charges deed or vesting hedging contract. * * * * * S. 84AB inserted by No. 79/1995 s. 10, amended by No. 35/1997 s. 22(c), repealed by No. 33/2014 s. 10. 84AC Building Act 1993 S. 84AC inserted by No. 79/1995 The Victorian Building Authority under the s. 10, Building Act 1993, by notice published in the amended by Nos 68/2001 Government Gazette, may determine that building s. 18, 34/2013 work, or a building, on land of a generation s. 35(Sch. 2 item 3). company is exempt from the provisions of the Building Act 1993 and regulations under that Act
New s. 84AA inserted by No. 79/1995 s. 10. 84AA Financial benefits given on arm's length terms (1) A financial benefit given before 1 July 1995 by a distribution company or generation company under a relevant contract to a recipient is deemed for the purposes of Part 3.2A of the Corporations Law of Victoria (despite anything to the contrary in that Law) to have been given on terms and conditions no more favourable to the recipient than those on which it is reasonable to expect that the first-mentioned distribution company or generation company would have given the benefit directly if dealing with the recipient at arm's length in the same circumstances. (2) In subsection (1)— recipient means Power Net Victoria, VPX, SEC, Generation Victoria, a distribution company or a generation company; relevant contract means use of system agreement, connection agreement, distribution system agreement, tariffs and charges deed or vesting hedging contract. S. 84AB inserted by No. 79/1995 s. 10, amended by No. 35/1997 s. 22(c), repealed by No. 33/2014 s. 10. * * * * * S. 84AC inserted by No. 79/1995 s. 10, amended by Nos 68/2001 s. 18, 34/2013 s. 35(Sch. 2 item 3). 84AC Building Act 1993 The Victorian Building Authority under the Building Act 1993, by notice published in the Government Gazette, may determine that building work, or a building, on land of a generation company is exempt from the provisions of the Building Act 1993 and regulations under that Act
93-130a071.docx