Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) The object of this Act is to reform the Snowy Mountains Hydro - electric Scheme by corporatising the Snowy Mountains Hydro - electric Authority and making related changes to the Scheme.
(2) It is the intention of the Parliament that this Act:
(a) is to operate concurrently with the New South Wales Corporatisation Act and the Victorian Corporatisation Act; and
(b) is to have effect only to the extent to which it is within the legislative power of the Parliament.