Functions that require ongoing oversight by the State following an asset transaction range from routine matters such as landowner consents and lease administration, to managing any any residual risk.
The Commercial Asset team supports the Crown Finance Entity in meeting financial and reporting requirements for specific-purpose entities that are created to facilitate asset transactions. These entities include:
|
Entity |
Responsibilities |
|
Electricity Transmission Ministerial Holding Corporation |
Landlord for 99 year lease of electricity transmission network |
|
Electricity Assets Ministerial Holding Corporation |
Holding residual assets and liabilities from the electricity generation transactions |
|
Generation Property Management Pty Ltd |
Demolition of Munmorah power station and remediation of the site |
|
Ports Assets Ministerial Holding Corporation |
Holding entity for the port lessor companies |
|
Port Botany Lessor Pty Ltd |
Landlord for 99 year lease of Port Botany |
|
Port Kembla Lessor Pty Ltd |
Landlord for 99 year lease of Port Kembla |
|
Port of Newcastle Pty Ltd |
Landlord for 98 year lease of Port of Newcastle |
|
Electricity Distribution Ministerial Holding Corporation – Sydney / Hunter (name TBC) |
Landlord for 99 year lease of AusGrid network |
|
Ministerial Holding Corporation |
Landlord for lease of Sydney Desalination Plant and owner of 50 per cent stake in the Hunter Valley Training Corporation |
