Bill
Snowy Hydro Corporatisation Amendment (No New Fossil Fuels) Bill 2021 [No. 2]
lapsed, as at 2025-07-21.
- Sponsor
- Larissa Waters
- Portfolio
- Not recorded
Recorded stages
- introduced — 2021-05-13
- second reading — 2021-05-13
- second reading — 2021-06-21
- other — 2022-07-25
- other — 2022-07-27
- other — 2025-07-21
Divisions
No divisions recorded. Most questions are decided on the voices; this does not establish that a bill was unopposed.
Plain-language summary
Written by a model from the explanatory memorandum; not the record, as at 2021-05-13.
The bill would stop Snowy Hydro from building, buying or running any new fossil fuel power plants.
It would add a new objects clause and definitions to the Snowy Hydro Corporatisation Act, and outline restricted actions for Snowy Hydro and its group companies.
The rules would take effect the day after the bill receives Royal Assent and would not apply to existing fossil fuel assets or those already under binding contract before that date.
- Prohibits Snowy Hydro from developing, constructing, acquiring, purchasing, investing in or operating new fossil fuel-based electricity generation capacity.
- Defines 'new' fossil fuel-based capacity to exclude assets owned, controlled or operated immediately before commencement, or required under pre-commencement binding contracts.
- Imposes an obligation on directors of Snowy Hydro and its group companies to ensure compliance with the new requirements.
Snowy Hydro Limited and its related group companies, their directors, and any entities involved in fossil fuel-based electricity generation.
Sources
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