Variation of electricity network assets lease

orm 07VA  (PDF 150 KB)

Dealing type - VA

Legislation – s50(6) of the Electricity Network Assets (Authorised Transactions) Act 2015

Stamp duty - not required 

Certificate of Title

Required - for addition or removal of land.

Not required - for addition or removal of lease

NOS form - not required

Standard form of Caveat - prevents registration.

Does prevent registration of a variation of lease by a mortgagee in possession.

Priority Notice noted on the Register - see Priority Notice page.

(A) The reference to title for the land to be added/removed to/from the lease & sublease being varied must be stated.

(B) The registered number of the lease to be added/removed to/from the lease & sublease being varied must be stated. The reference to title for the lease to be added/removed to/from the lease & sublease being varied must be stated. 

(D) The full name of the lessor must be stated and be identical to the name as shown on the Register.

The lessor must be:

  • Alpha Distribution Ministerial Holding Corporation, or
  • Electricity Transmission Ministerial Holding Corporation, or
  • Epsilon Distribution Ministerial Holding Corporation

(E) The registered number of the lease or sublease being varied must be stated and must match the Lease number for the electricity network in the table below.

(F) The registered number of the sublease being varied must be stated and must match the sub lease number for the electricity network in the table below.

Electricity Network
Lease Sublease
Alpha Distribution Ministerial Holding Corporation
AK971351
AK971352
Electricity Transmission Ministerial Holding Corporation
AK74917
AK74918
Epsilon Distribution Ministerial Holding Corporation
AM475160 AM475161
(H) The variation must indicate whether it is adding or removing land to which the lease relates.

The consent of any mortgagee of the lease and/or sublease being removed is required. The full name of the mortgagee and the registered number of the mortgage must be stated. The consent must be signed by the mortgagee, their attorney, or authorised officer. The mortgage will be removed from the affected title with the removal of that title from the lease and sublease. 

Note The consent of a mortgagee of the lease and sublease is not required for an addition of land to the lease and sublease.

(I) The name of the person executing on behalf of lessor must be stated. The dealing must be executed by either Treasurer of the State of New South Wales/Secretary of the Treasury as delegate of the NSW Treasurer under s. 53 of the Electricity Network Assets (Authorised Transactions) Act  2015.  Execution does not require witnessing.

Staff processing information

Refer to DRD2 or SD1 for approval before acceptance.

Where the variation is removing land to which the lease relates, the dealing that brought the lease and sublease to be varied onto the title will be removed, i.e. variation of lease.

If in order proceed with registration.

Registration procedure

Addition of land by Alpha Distribution Ministerial Holding Corporation

TRANSACTION ON

PRIME CODE    VAD

Addition of land by Electricity Transmission Ministerial Holding Corporation 

TRANSACTION ON

PRIME CODE    VET

Addition of land  by Epsilon Distribution Ministerial Holding Corporation 

TRANSACTION ON

PRIME CODE    VED

Addition of lease by Alpha Distribution Ministerial Holding Corporation

TRANSACTION UNDR

PRIME CODE    code of head lease as shown on the Register

PRIME NO.    number of head lease

SUB CODE    UVAD

Addition of lease by Electricity Transmission Ministerial Holding Corporation 

TRANSACTION UNDR

PRIME CODE    code of head lease as shown on the Register

PRIME NO.    number of head lease

SUB CODE    UVET

Addition of lease  by Epsilon Distribution Ministerial Holding Corporation 

TRANSACTION UNDR

PRIME CODE    code of head lease as shown on the Register

PRIME NO.    number of head lease

SUB CODE    UVED

Removal of head lease and sublease

TRANSACTION OFF

PRIME CODE    code of lease being varied as shown on the Register

PRIME NO.    number of lease.

Note Sublease being varied will be removed with head lease.

Removal of land added by Alpha Distribution Ministerial Holding Corporation

TRANSACTION OFF

PRIME CODE    VAD

Removal of land added by Electricity Transmission Ministerial Holding Corporation 

TRANSACTION OFF

PRIME CODE    VET

Removal of land added by Epsilon Distribution Ministerial Holding Corporation 

TRANSACTION OFF

PRIME CODE    VED

Removal of lease added by Alpha Distribution Ministerial Holding Corporation

TRANSACTION UNDR

PRIME CODE    code of head lease as shown on the Register

SUB LEVEL NO.    number of variation of  lease

SUB CODE    UVAD

AFFECTED NO.    number of variation of lease being removed.

Removal of lease added by Electricity Transmission Ministerial Holding Corporation 

TRANSACTION UNDR

PRIME CODE    code of head lease as shown on the Register

SUB LEVEL NO.    number of variation of  lease

SUB CODE    UVET

AFFECTED NO.    number of variation of lease being removed.

Removal of lease added by Epsilon Distribution Ministerial Holding Corporation 

TRANSACTION UNDR

PRIME CODE    code of head lease as shown on the Register

SUB LEVEL NO.    number of variation of  lease

SUB CODE    UVED

AFFECTED NO.    number of variation of lease being removed.