Gas Regulation Act 2013

Approval by Minister of transfer plan in relation to energy company

24. (1) The Minister may, with the consent of the Minister for Public Expenditure and Reform, approve a transfer plan in relation to an energy company with or without amendment.

(2) The Minister shall not approve a transfer plan in relation to an energy company unless he or she is satisfied that the plan provides only for the transfer of assets, licences, rights and liabilities and staff that are necessary for, or ancillary to, the purposes of the transfer to that company of all, or part, of the energy business.