Form 07VA 

Dealing type - VA

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

Stamp duty - not required 

NOS form - not required

Standard form of Caveat - prevents registration including variation of lease by a mortgagee in possession.

NOTE: This dealing type must be lodged as Dealing with Exception and be accompanied by a completed Lodgment Rules Exception form.

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

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

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

(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 and can be provided by way of letter. 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.

NOTE: Where the variation is removing land to which the lease relates, the relevant lease and all sub-notifications will be removed on registration of the dealing.
 
(I) The dealing must be executed by an agent for the NSW Treasury Secretary (as the NSW Treasurer’s delegate under section 53 of the Electricity Network Assets (Authorised Transactions) Act 2015).
 
The execution clause must state the:
•           name of the Ministerial Holding Corporation agent executing on behalf of lessor
•           NSW Treasury Secretary’s name
•           date of delegation and
•           full legal name and ABN of the relevant Ministerial Holding Corporation.

Execution does not require witnessing.

NOTE: NSW LRS reserves the right to require a section 50(6) certificate to be provided as evidence of the variation of lease is a variation under section 50(5).

Staff processing information

Refer to DRD2 for approval before acceptance and then refer to Legal

NSW LRS reserves the right to require a section 50(6) certificate to be provided as evidence of the variation of lease is a variation under section 50(5). If, required Legal will raise a requisition requesting the section 50(6) certificate 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. Remove the relevant lease and all sub-notifications on registration of the dealing.

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.
 

Publication Date: June 2025