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 Retained Interest Corporation – Ausgrid

Established to hold the NSW Government’s retained interest in the Ausgrid network infrastructure assets for and on behalf of the State.

Electricity Retained Interest Corporation – Endeavour  

Established to hold the NSW Government’s retained interest in the Endeavour network infrastructure assets for and on behalf of the State.

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

Alpha Distribution Ministerial Holding Corporation

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