1 Name of Regulation
This Regulation may be cited as the Electricity (Pacific Power) (Savings and Transitional) Regulation 1995.cl 1: Am 19.5.2000.
2 Commencement
This Regulation commences on 1 January 1996.
3 Definitions
In this Regulation:former General Manager means the person who, immediately before 30 June 1995, held office as General Manager of the Electricity Commission, being the person who was subsequently appointed as Chief Executive for a term of office expiring on 31 December 1995.the Act means the Electricity (Pacific Power) Act 1950.
4 Compensation payable to former General Manager
(1) If the former General Manager:(a) is re-appointed as Chief Executive, for a further term commencing on, or within 3 months after, 1 January 1996 and expiring before 26 March 1997, andthe compensation (if any) to which he or she is entitled under section 42S of the Public Sector Management Act 1988 as a consequence of not having been re-appointed as Chief Executive is to be determined by the Statutory and Other Offices Remuneration Tribunal as if the office of General Manager had not been abolished and as if he or she had been removed from office as General Manager on the date on which his or her further term of office as Chief Executive expires.(b) is not re-appointed as Chief Executive between the date on which his or her further term of office as Chief Executive expires and 26 March 1997,(2) This clause applies to any second or subsequent re-appointment of the former General Manager as Chief Executive in the same way as it applies to the first such re-appointment, and so applies as if the reference to 1 January 1996 in subclause (1) (a) were instead a reference to the date on which his or her most recent term of office as Chief Executive expired.
5 Application of statutory provisions to subsidiary companies
(1) For the purposes of section 8E (1) (c) of the Act, the following provisions are prescribed provisions:(a) section 7 of the Act,(b) clause 3 of Schedule 5 to the Energy Services Corporations Act 1995.(2) This clause expires on 1 July 2003.cl 5: Ins 19.5.2000.