Government Owned Corporations (AUSTA Wind-up) Regulation 2000

Queensland Government Owned Corporations Act 1993 GOVERNMENT OWNED CORPORATIONS (AUSTA WIND-UP) REGULATION 2000 Reprinted as in force on 3 July 2000 (regulation not amended up to this date) Reprint No. 1 * This reprint is prepared by the Office of the Queensland Parliamentary Counsel Warning—This reprint is not an authorised copy NOT FURTHER AMENDED LAST REPRINT BEFORE REPEAL See 2004 SL No. 166 s 44 * Minor differences in style between this reprint and another reprint with the same number are due to the conversion to another software program. The content has not changed.

Information about this reprint This regulation is reprinted as at 3 July 2000. Minor editorial changes allowed under the provisions of the Reprints Act 1992 mentioned in the following list have been made to— • use aspects of format and printing style consistent with current drafting practice (s 35) • omit provisions that are no longer required (s 40) • correct minor errors (s 44) • make all necessary consequential amendments (s 7(1)(k)). See endnotes for information about— • when provisions commenced • editorial changes made in the reprint, including table of corrected minor errors.

Queensland GOVERNMENT OWNED CORPORATIONS (AUSTA WIND-UP) REGULATION 2000 TABLE OF PROVISIONS Section Page PART 1—PRELIMINARY 1 Short title . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 2 Commencement. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 3 Purposes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 4 Dictionary . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 PART 2—AUSTA DIVESTED OF AUSTA AND RBU ASSETS AND RELEASED FROM AUSTA AND RBU LIABILITIES 5 AUSTA assets and liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 6 RBU assets and liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 PART 3—TRANSITION TO SUCCESSOR CORPORATIONS AND QPTC Division 1—Successors of AUSTA(CSEBU), AUSTA(EECBU), AUSTA(ELBU), AUSTA(SBU), AUSTA(TBU) 7 Successor corporations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 8 Instruments about AUSTA for the purposes of a business unit . . . . . . . . . . . 5 9 Officers and employees of AUSTA . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 10 Pending legal proceedings. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 Division 2—Successor of AUSTA(RBU) 11 QPTC as successor . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 12 Instruments about AUSTA for the purposes of RBU . . . . . . . . . . . . . . . . . . 7 13 Officers and employees of AUSTA . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 14 Pending legal proceedings. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9

2 Government Owned Corporations (AUSTA Wind-up) Regulation 2000 PART 4—AUSTA AND RBU ASSETS AND AUSTA AND RBU LIABILITIES TRANSFERRED TO SUCCESSOR CORPORATIONS AND QPTC Division 1—Transfer of AUSTA assets and liabilities 15 Transfer of AUSTA assets and liabilities to successor corporations . . . . . . . 9 16 Consideration for transfer of AUSTA assets to successor corporations . . . . 10 17 AUSTA asset schedule and balance sheet . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 Division 2—Transfer of RBU assets and liabilities 18 Transfer of RBU assets and liabilities to QPTC . . . . . . . . . . . . . . . . . . . . . . 11 19 Consideration for transfer of RBU assets to QPTC . . . . . . . . . . . . . . . . . . . 11 20 RBU asset schedule and balance sheet . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 PART 5—GLADSTONE POWER STATION ARRANGEMENTS 21 Effect of pt 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 22 Party and reference substitutions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 SCHEDULE . . . . . . . . . . . . . . . . . . . . . . . . 14 DICTIONARY ENDNOTES 1 Index to endnotes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19 2 Date to which amendments incorporated. . . . . . . . . . . . . . . . . . . . . . 19 3 Key . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19 4 List of legislation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 5 List of annotations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 6 Table of corrected minor errors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21

s1 3 s3 Government Owned Corporations (AUSTA Wind-up) Regulation 2000 GOVERNMENT OWNED CORPORATIONS (AUSTA WIND-UP) REGULATION 2000 [reprinted as in force on 3 July 2000] PART 1—PRELIMINARY 1 Short title This regulation may be cited as the Government Owned Corporations (AUSTA Wind-up) Regulation 2000 . 2 Commencement (1) Part 3, division 1 and part 4, division 1 commence on 2 June 2000. (2) The following provisions commence on 1 July 2000— • part 3, division 2 • part 4, division 2 • part 5. (3) Part 6 commences on 2 July 2000. 3 Purposes The main purposes of this regulation are— (a) to divest certain assets from, and release certain liabilities of, AUSTA, including the liabilities owed to certain of its officers and employees; and (b) to provide for a transition from AUSTA to the successor corporations and QPTC, including transferring certain of the officers and employees of AUSTA and the liabilities owed to the officers and employees to the successor corporations and QPTC; and

s4 4 s6 Government Owned Corporations (AUSTA Wind-up) Regulation 2000 (c) to transfer the assets and liabilities mentioned in paragraph (a) to the successor corporations and QPTC. 4 Dictionary The dictionary in the schedule defines particular words used in this regulation. PART 2—AUSTA DIVESTED OF AUSTA AND RBU ASSETS AND RELEASED FROM AUSTA AND RBU LIABILITIES 5 AUSTA assets and liabilities (1) This section takes effect immediately after 1 June 2000. (2) AUSTA is divested of all AUSTA assets and released from all AUSTA liabilities. 6 RBU assets and liabilities (1) This section takes effect immediately after 30 June 2000. (2) AUSTA is divested of all RBU assets and released from all RBU liabilities.

s7 5 s8 Government Owned Corporations (AUSTA Wind-up) Regulation 2000 PART 3—TRANSITION TO SUCCESSOR CORPORATIONS AND QPTC Division 1—Successors of AUSTA(CSEBU), AUSTA(EECBU), AUSTA(ELBU), AUSTA(SBU), AUSTA(TBU) 7 Successor corporations (1) CSE is the successor in law of AUSTA(CSEBU). (2) ENE is the successor in law of AUSTA(ELBU). (3) ERG is the successor in law of AUSTA(EECBU). (4) SC is the successor in law of AUSTA(SBU). (5) TEC is the successor in law of AUSTA(TBU). (6) Subsections (1) to (5) apply subject to the operation of this regulation. 8 Instruments about AUSTA for the purposes of a business unit (1) This section applies to an instrument (other than a statutory instrument) in existence immediately before the AUSTA transfer day. (2) An instrument applying to AUSTA (including under section 10(2) 1 of the QGC Stage 2 Regulation) for the purposes of a business unit is to apply to the corresponding successor of the business unit in place of AUSTA to the extent that it applies for the purposes of the business unit. (3) Without limiting subsection (2)— (a) an instrument to which, immediately before the AUSTA transfer day, AUSTA was (including under section 10(3)(a) of the QGC Stage 2 Regulation) a party for the purposes of a business unit is taken to be an instrument to which the business unit’s corresponding successor is a party in the same way AUSTA was a party for the purposes of the business unit; and (b) an instrument given (including under section 10(3)(b) of the QGC Stage 2 Regulation) to, by or in favour of AUSTA for the 1 Section 10 (Instruments)

s9 6 s9 Government Owned Corporations (AUSTA Wind-up) Regulation 2000 purposes of a business unit is taken to be an instrument given to, by or in favour of the business unit’s corresponding successor in the way it was given to, by or in favour of AUSTA for the purposes of the business unit; and (c) an instrument in which a reference is made (including under section 10(3)(c) of the QGC Stage 2 Regulation) to AUSTA for the purposes of a business unit (including, for example, an instrument to which AUSTA was a party for the purposes of the business unit) is taken to be an instrument in which the reference is made to the business unit’s corresponding successor in the way the reference was made to AUSTA for the purposes of the business unit; and (d) an instrument under which an amount is or may become payable (including under section 10(3)(d) of the QGC Stage 2 Regulation) to or by AUSTA for the purposes of a business unit is taken to be an instrument under which the amount is or may become payable to or by the business unit’s corresponding successor in the way the amount was or might have become payable to or by AUSTA for the purposes of the business unit; and (e) an instrument under which other property is to be, or may become liable to be (including under section 10(3)(e) of the QGC Stage 2 Regulation), transferred, conveyed or assigned to or by AUSTA for the purposes of a business unit is to be, or may become liable to be, transferred, conveyed or assigned to or by the business unit’s corresponding successor in the way the property was to be, or might have become liable to be, transferred, conveyed or assigned to or by AUSTA for the purposes of the business unit. 9 Officers and employees of AUSTA (1) A person who, immediately before the AUSTA transfer day, was an officer or employee of AUSTA for the purposes of a business unit becomes an officer or employee of the business unit’s corresponding successor. (2) Until the rights of the officer or employee are lawfully changed, the officer or employee continues to be entitled to all existing and accruing rights of employment to which the officer or employee was entitled

s 10 7 s 12 Government Owned Corporations (AUSTA Wind-up) Regulation 2000 immediately before becoming an officer or employee of the corresponding successor under this section. (3) To avoid doubt, it is declared that the officer’s or employee’s employment by the corresponding successor is subject to the rights mentioned in subsection (2). (4) If, immediately before the AUSTA transfer day, an officer or employee of AUSTA for the purposes of a business unit was suspended, the suspension continues, and must be dealt with by the business unit’s corresponding successor. 10 Pending legal proceedings Despite anything else in this division, a proceeding by or against AUSTA, whether or not arising out of acts or omissions of AUSTA for the purposes of a business unit, that is not finished before the AUSTA transfer day must be continued and finished by or against AUSTA. Division 2—Successor of AUSTA(RBU) 11 QPTC as successor (1) QPTC is the successor in law of AUSTA(RBU). (2) Subsection (1) applies subject to the operation of this regulation. 12 Instruments about AUSTA for the purposes of RBU (1) This section applies to an instrument (other than a statutory instrument) in existence immediately before the RBU transfer day. (2) An instrument applying to AUSTA (including under section 10(2) 2 of the QGC Stage 2 Regulation) for the purposes of RBU is to apply to QPTC in place of AUSTA to the extent that it applies for the purposes of RBU. (3) Without limiting subsection (2)— 2 Section 10 (Instruments)

s 13 8 s 13 Government Owned Corporations (AUSTA Wind-up) Regulation 2000 (a) an instrument to which, immediately before the RBU transfer day, AUSTA was (including under section 10(3)(a) of the QGC Stage 2 Regulation) a party for the purposes of RBU, is taken to be an instrument to which QPTC is a party in the same way AUSTA was a party for the purposes of RBU; and (b) an instrument given (including under section 10(3)(b) of the QGC Stage 2 Regulation) to, by or in favour of AUSTA for the purposes of RBU is taken to be an instrument given to, by or in favour of QPTC in the way it was given to, by or in favour of AUSTA for the purposes of RBU; and (c) an instrument in which a reference is made (including under section 10(3)(c) of the QGC Stage 2 Regulation) to AUSTA for the purposes of RBU (including, for example, an instrument to which AUSTA was a party for the purposes of RBU) is taken to be an instrument in which the reference is made to QPTC in the way the reference was made to AUSTA for the purposes of RBU; and (d) an instrument under which an amount is or may become payable (including under section 10(3)(d) of the QGC Stage 2 Regulation) to or by AUSTA for the purposes of RBU is taken to be an instrument under which the amount is or may become payable to or by QPTC in the way the amount was or might have become payable to or by AUSTA for the purposes of RBU; and (e) an instrument under which other property is to be, or may become liable to be (including under section 10(3)(e) of the QGC Stage 2 Regulation), transferred, conveyed or assigned to or by AUSTA for the purposes of RBU is to be, or may become liable to be, transferred, conveyed or assigned to or by QPTC in the way the property was to be, or might have become liable to be, transferred, conveyed or assigned to or by AUSTA for the purposes of RBU. 13 Officers and employees of AUSTA (1) A person who, immediately before the RBU transfer day, was an officer or employee of AUSTA for the purposes of RBU becomes an officer or employee of QPTC. (2) Until the rights of the officer or employee are lawfully changed, the officer or employee continues to be entitled to all existing and accruing

s 14 9 s 15 Government Owned Corporations (AUSTA Wind-up) Regulation 2000 rights of employment to which the officer or employee was entitled immediately before becoming an officer or employee of QPTC under this section. (3) To avoid doubt, it is declared that the officer’s or employee’s employment by QPTC is subject to the rights mentioned in subsection (2). (4) If, immediately before the RBU transfer day, an officer or employee of AUSTA for the purposes of RBU was suspended, the suspension continues, and must be dealt with by QPTC. 14 Pending legal proceedings Despite anything else in this division, a proceeding by or against AUSTA, whether or not arising out of acts or omissions of AUSTA for the purposes of RBU, that is not finished before the RBU transfer day must be continued and finished by or against QPTC. PART 4—AUSTA AND RBU ASSETS AND AUSTA AND RBU LIABILITIES TRANSFERRED TO SUCCESSOR CORPORATIONS AND QPTC Division 1—Transfer of AUSTA assets and liabilities 15 Transfer of AUSTA assets and liabilities to successor corporations (1) The assets mentioned in section 5(2) 3 become— (a) if they are CSEBU assets—the assets of CSE; and (b) if they are EECBU assets—the assets of ERG; and (c) if they are ELBU assets—the assets of ENE; and (d) if they are SBU assets—the assets of SC; and (e) if they are TBU assets—the assets of TEC. 3 Section 5 (AUSTA assets and liabilities)

s 16 10 s 17 Government Owned Corporations (AUSTA Wind-up) Regulation 2000 (2) The liabilities mentioned in section 5(2) are assumed— (a) if they are CSEBU liabilities—by CSE; and (b) if they are EECBU liabilities—by ERG; and (c) if they are ELBU liabilities—by ENE; and (d) if they are SBU liabilities—by SC; and (e) if they are TBU liabilities—by TEC. 16 Consideration for transfer of AUSTA assets to successor corporations (1) The assumption of liabilities by a successor corporation under section 15(2) is part of the consideration for the transfer of assets to the successor corporation under section 15(1). (2) The remainder of the consideration is the creation of a debt owed by the successor corporation to AUSTA. (3) The amount of the debt is the market value, at 2 June 2000, of the assets shown in the AUSTA asset schedule as the assets of the successor corporation’s corresponding business unit, less the amount, at 2 June 2000, of the liabilities shown in the AUSTA balance sheet as the liabilities of the successor corporation’s corresponding business unit. (4) For subsection (3)— (a) the market value, at 2 June 2000, of an asset is taken to be the market value shown for the asset in the AUSTA asset schedule for the day immediately before the AUSTA transfer day; and (b) the amount, at 2 June 2000, of a liability is taken to be the amount shown for the liability in the AUSTA balance sheet for the day immediately before the AUSTA transfer day. 17 AUSTA asset schedule and balance sheet (1) As soon as practicable, but not later than 3 months, after the commencement of this section, AUSTA must complete the AUSTA asset schedule and AUSTA balance sheet. (2) The successor corporations must—

s 18 11 s 19 Government Owned Corporations (AUSTA Wind-up) Regulation 2000 (a) give AUSTA access to information and documents reasonably required by AUSTA for the completion of the AUSTA asset schedule and AUSTA balance sheet; and (b) cooperate with AUSTA in AUSTA’s completion of the AUSTA asset schedule and AUSTA balance sheet. Division 2—Transfer of RBU assets and liabilities 18 Transfer of RBU assets and liabilities to QPTC (1) The assets mentioned in section 6(2) 4 become the assets of QPTC. (2) The liabilities mentioned in section 6(2) are assumed by QPTC. 19 Consideration for transfer of RBU assets to QPTC (1) The assumption of liabilities by QPTC under section 18(2) is part of the consideration for the transfer of assets to QPTC under section 18(1). (2) The remainder of the consideration is the creation of a debt owed by QPTC to AUSTA. (3) The amount of the debt is the market value, at 1 July 2000, of the assets shown in the RBU asset schedule as the assets of RBU, less the amount, at 1 July 2000, of the liabilities shown in the RBU balance sheet as the liabilities of RBU. (4) For subsection (3)— (a) the market value, at 1 July 2000, of an asset is taken to be the market value shown for the asset in the RBU asset schedule for the day immediately before the RBU transfer day; and (b) the amount, at 1 July 2000, of a liability is taken to be the amount shown for the liability in the RBU balance sheet for the day immediately before the RBU transfer day. 4 Section 6 (RBU assets and liabilities)

s 20 12 s 22 Government Owned Corporations (AUSTA Wind-up) Regulation 2000 20 RBU asset schedule and balance sheet (1) As soon as practicable, but not later than 3 months, after the commencement of this section, AUSTA must complete the RBU asset schedule and RBU balance sheet. (2) QPTC must— (a) give AUSTA access to information and documents reasonably required by AUSTA for the completion of the RBU asset schedule and RBU balance sheet; and (b) cooperate with AUSTA in AUSTA’s completion of the RBU asset schedule and RBU balance sheet. PART 5—GLADSTONE POWER STATION ARRANGEMENTS 21 Effect of pt 5 (1) This part prevails over sections 8 and 12. 5 (2) However, to the extent a matter is not dealt with in this part and is dealt with in section 8 or 12, that section has effect. 22 Party and reference substitutions (1) Subsection (2) applies to the agreements and deed to which AUSTA 6 became a party under the QGC Stage 2 Regulation, section 25(1) and (5). 7 (2) The agreements and deed are taken to be instruments to which QPTC is a party in the same way AUSTA, immediately before the RBU transfer day, was a party. 5 Sections 8 (Instruments about AUSTA for the purposes of a business unit) and 12 (Instruments about AUSTA for the purposes of RBU) 6 AUSTA Energy Corporation changed its name to AUSTA Energy Corporation Limited on 1 July 1997. 7 Section 25 (Party substitutions)

s 22 13 s 22 Government Owned Corporations (AUSTA Wind-up) Regulation 2000 (3) Subsection (4) applies to the deed to which AUSTA became a party under the QGC Stage 2 Regulation, section 25(6). (4) The deed is taken to be an instrument to which QPTC is a party to the same extent AUSTA was taken, under the regulation, to have become a party to the QGC Support Agreement. (5) Subsection (6) applies to the agreement and guarantee in relation to which a reference to Queensland Generation Corporation was taken, under the QGC Stage 2 Regulation, section 26(2), 8 to be a reference to AUSTA. (6) A reference to Queensland Generation Corporation in the agreement and the guarantee is taken to be a reference to QPTC. (7) In this section— “QGC Support Agreement” see section 23 9 of the QGC Stage 2 Regulation. 8 Section 26 (Reference substitutions) 9 Section 23 (Definitions for pt 10)

14 Government Owned Corporations (AUSTA Wind-up) Regulation 2000 SCHEDULE DICTIONARY section 4 “AUSTA” means AUSTA Energy Corporation Limited ACN 078 848 781. “AUSTA assets” means the total of all CSEBU assets, EECBU assets, ELBU assets, SBU assets and TBU assets. “AUSTA asset schedule” means a schedule prepared under this regulation showing assets of AUSTA immediately before the AUSTA transfer day. “AUSTA balance sheet” means a balance sheet prepared under this regulation showing liabilities of AUSTA immediately before the AUSTA transfer day. “AUSTA(CSEBU)” means AUSTA, but only in relation to CSEBU, including to the extent of the responsibilities of CSEBU, immediately before the AUSTA transfer day. “AUSTA(EECBU)” means AUSTA, but only in relation to EECBU, including to the extent of the responsibilities of EECBU, immediately before the AUSTA transfer day. “AUSTA(ELBU)” means AUSTA, but only in relation to ELBU, including to the extent of the responsibilities of ELBU, immediately before the AUSTA transfer day. “AUSTA liabilities” means the total of all CSEBU liabilities, EECBU liabilities, ELBU liabilities, SBU liabilities and TBU liabilities. “AUSTA(RBU)” means AUSTA, but only in relation to RBU, including to the extent of the responsibilities of RBU, immediately before the RBU transfer day. “AUSTA(SBU)” means AUSTA, but only in relation to SBU, including to the extent of the responsibilities of SBU, immediately before the AUSTA transfer day.

15 Government Owned Corporations (AUSTA Wind-up) Regulation 2000 SCHEDULE (continued) “AUSTA(TBU)” means AUSTA, but only in relation to TBU, including to the extent of the responsibilities of TBU, immediately before the AUSTA transfer day. “AUSTA transfer day” means 2 June 2000. “business unit” means CSEBU, EECBU, ELBU, SBU or TBU. “corresponding business unit” , for a successor corporation, means— (a) for CSE—CSEBU; and (b) for ENE—ELBU; and (c) for ERG—EECBU; and (d) for SC—SBU; and (e) for TEC—TBU. “corresponding successor” , for a business unit, means— (a) for CSEBU—CSE; and (b) for EECBU—ERG; and (c) for ELBU—ENE; and (d) for SBU—SC; and (e) for TBU—TEC. “CSE” means CS Energy Limited ACN 078 848 745. “CSEBU” means the part of AUSTA known as the CS Energy Business Unit. “CSEBU asset” means an asset that— (a) is shown in the AUSTA asset schedule as an asset of CSEBU; or (b) is not otherwise shown in the AUSTA asset schedule, but immediately before the AUSTA transfer day, is an asset of AUSTA held for the purposes of CSEBU. “CSEBU liability” means a liability that— (a) is shown in the AUSTA balance sheet as a liability of CSEBU; or

16 Government Owned Corporations (AUSTA Wind-up) Regulation 2000 SCHEDULE (continued) (b) is not otherwise shown in the AUSTA balance sheet, but immediately before the AUSTA transfer day, is a liability to which AUSTA is subject for the purposes of CSEBU. “EECBU” means the part of AUSTA known as the Ergon Energy Business Unit. “EECBU asset” means an asset that— (a) is shown in the AUSTA asset schedule as an asset of EECBU; or (b) is not otherwise shown in the AUSTA asset schedule, but immediately before the AUSTA transfer day, is an asset of AUSTA held for the purposes of EECBU. “EECBU liability” means a liability that— (a) is shown in the AUSTA balance sheet as a liability of EECBU; or (b) is not otherwise shown in the AUSTA balance sheet, but immediately before the AUSTA transfer day, is a liability to which AUSTA is subject for the purposes of EECBU. “ELBU” means the part of AUSTA known as the Energex Business Unit. “ELBU asset” means an asset that— (a) is shown in the AUSTA asset schedule as an asset of ELBU; or (b) is not otherwise shown in the AUSTA asset schedule, but immediately before the AUSTA transfer day, is an asset of AUSTA held for the purposes of ELBU. “ELBU liability” means a liability that— (a) is shown in the AUSTA balance sheet as a liability of ELBU; or (b) is not otherwise shown in the AUSTA balance sheet, but immediately before the AUSTA transfer day, is a liability to which AUSTA is subject for the purposes of ELBU. “ENE” means Energex Limited ACN 078 849 055. “ERG” means Ergon Energy Corporation Limited ACN 087 646 062. “QGC Stage 2 Regulation” means the Government Owned Corporations (QGC Restructure—Stage 2) Regulation 1997 .

17 Government Owned Corporations (AUSTA Wind-up) Regulation 2000 SCHEDULE (continued) “QPTC” means Queensland Power Trading Corporation. 10 “RBU” means the part of AUSTA known as the Remaining Business Unit. “RBU asset” means an asset that— (a) is shown in the RBU asset schedule as an asset of RBU; or (b) is not otherwise shown in the RBU asset schedule, but immediately before the RBU transfer day, is an asset of AUSTA held for the purposes of RBU. “RBU asset schedule” means a schedule prepared under this regulation showing assets of AUSTA immediately before the RBU transfer day. “RBU balance sheet” means a balance sheet prepared under this regulation showing liabilities of AUSTA immediately before the RBU transfer day. “RBU liability” means a liability that— (a) is shown in the RBU balance sheet as a liability of RBU; or (b) is not otherwise shown in the RBU balance sheet, but immediately before the RBU transfer day, is a liability to which AUSTA is subject for the purposes of RBU. “RBU transfer day” means 1 July 2000. “SBU” means the part of AUSTA known as the Stanwell Business Unit. “SBU asset” means an asset that— (a) is shown in the AUSTA asset schedule as an asset of SBU; or (b) is not otherwise shown in the AUSTA asset schedule, but immediately before the AUSTA transfer day, is an asset of AUSTA held for the purposes of SBU. “SBU liability” means a liability that— (a) is shown in the AUSTA balance sheet as a liability of SBU; or 10 Queensland Power Trading Corporation is a statutory GOC under the Government Owned Corporations Act 1993 .

18 Government Owned Corporations (AUSTA Wind-up) Regulation 2000 SCHEDULE (continued) (b) is not otherwise shown in the AUSTA balance sheet, but immediately before the AUSTA transfer day, is a liability to which AUSTA is subject for the purposes of SBU. “SC” means Stanwell Corporation Limited ACN 078 848 674. “successor corporation” means— (a) CSE; or (b) ENE; or (c) ERG; or (d) SC; or (e) TEC. “TBU” means the part of AUSTA known as the Tarong Business Unit. “TBU asset” means an asset that— (a) is shown in the AUSTA asset schedule as an asset of TBU; or (b) is not otherwise shown in the AUSTA asset schedule, but immediately before the AUSTA transfer day, is an asset of AUSTA held for the purposes of TBU. “TBU liability” means a liability that— (a) is shown in the AUSTA balance sheet as a liability of TBU; or (b) is not otherwise shown in the AUSTA balance sheet, but immediately before the AUSTA transfer day, is a liability to which AUSTA is subject for the purposes of TBU. “TEC” means Tarong Energy Corporation Limited ACN 078 848 736.

19 Government Owned Corporations (AUSTA Wind-up) Regulation 2000 ENDNOTES 1 Index to endnotes Page 2 Date to which amendments incorporated . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .19 3 Key . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .19 4 List of legislation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .20 5 List of annotations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .20 6 Table of corrected minor errors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .21 2 Date to which amendments incorporated This is the reprint date mentioned in the Reprints Act 1992, section 5(c). However, no amendments have commenced operation on or before that day. Future amendments of the Government Owned Corporations (AUSTA Wind-up) Regulation 2000 may be made in accordance with this reprint under the Reprints Act 1992, section 49. 3 Key Key to abbreviations in list of legislation and annotations Key AIA amd amdt ch def div exp gaz hdg ins lap notfd o in c om orig p para prec pres Explanation = Acts Interpretation Act 1954 = amended = amendment = chapter = definition = division = expires/expired = gazette = heading = inserted = lapsed = notified = order in council = omitted = original = page = paragraph = preceding = present Key prev (prev) proc prov pt pubd R[X] RA reloc renum rep s sch sdiv SIA SIR SL sub unnum Explanation = previous = previously = proclamation = provision = part = published = Reprint No.[X] = Reprints Act 1992 = relocated = renumbered = repealed = section = schedule = subdivision = Statutory Instruments Act 1992 = Statutory Instruments Regulation 1992 = subordinate legislation = substituted = unnumbered

20 Government Owned Corporations (AUSTA Wind-up) Regulation 2000 4 List of legislation Government Owned Corporations (AUSTA Wind-up) Regulation 2000 SL No. 99 made by the Governor in Council on 1 June 2000 notfd gaz 1 June 2000 pp 311–12 ss 1–2 commenced on date of notification pt 3 div 1, pt 4 div 1 commenced 2 June 2000 (see s 2(1)) pt 3 div 2, pt 4 div 2, pt 5 commenced 1 July 2000 (see s 2(2)) pt 6 commenced 2 July 2000 (see s 2(3)) remaining provisions commenced on date of notification exp 1 September 2010 (see SIA s 54) 5 List of annotations PART 6—AMENDMENT OF GOVERNMENT OWNED CORPORATIONS REGULATION 1995 pt hdg om R1 (see RA s 7(1)(k)) Regulation amended in pt 6 s 23 om R1 (see RA s 40) Amendment of sch 2 (GOCs declared under other regulations) s 24 om R1 (see RA s 40) PART 7—AMENDMENT OF GOVERNMENT OWNED CORPORATIONS (QTSC CORPORATISATION) REGULATION 1994 pt hdg om R1 (see RA s 7(1)(k)) Regulation amended in pt 7 s 25 om R1 (see RA s 40) Amendment of s 42 (QTSC share capital) s 26 om R1 (see RA s 40) PART 8—AMENDMENT OF GOVERNMENT OWNED CORPORATIONS (QTSC RESTRUCTURE—STAGE 2) REGULATION 1997 pt hdg om R1 (see RA s 7(1)(k)) Regulation amended in pt 8 s 27 om R1 (see RA s 40) Replacement of s 26 (Functions of QTSC) s 28 om R1 (see RA s 40) Amendment of sch 2 (Dictionary) s 29 om R1 (see RA s 40)

21 Government Owned Corporations (AUSTA Wind-up) Regulation 2000 6 Table of corrected minor errors TABLE OF CORRECTED MINOR ERRORS under the Reprints Act 1992 s 44 Provision 9(3) and 13(3) Description om ‘officer’ ins ‘officer’s’ © State of Queensland 2004