Explanatory note

This note is not part of the order, but is intended to indicate its general effect.

This order brings into force sections 79 and 95 of the Energy Companies Act 1992.

Clause 2 brings into force, on 26 October 1993, section 79 of the Energy Companies Act 1992. That section repeals the Waikato Electricity Authority Act 1988 and makes certain consequential amendments.

The date appointed by clause 2 of this order is the date appointed by the Energy Companies (WEL Energy Group Limited) Vesting Order 1993 as the date on which the undertaking of the Waikato Electricity Authority, and the shares held by that Authority in WEL Energy Group Limited, are to vest pursuant to section 76 of the Energy Companies Act 1992.

Clause 3 brings into force, on 1 October 1993, section 95 of the Energy Companies Act 1992. That section repeals the Auckland Electric Power Board Act 1978 and makes certain consequential amendments.

The date appointed by clause 3 of this order is the date appointed by the Energy Companies (Mercury Energy Limited) Vesting Order 1993 as the date on which the undertaking of the Auckland Electric Power Board is to vest pursuant to section 47 of the Energy Companies Act 1992.