WATER ACT 2000 - SECT 653
Content of performance plan
WATER ACT 2000 - SECT 653
Content of performance plan
653 Content of performance plan
(1) A category 1 water authority’s performance plan must include the
following for the relevant financial year—
(a) the authority’s financial
and non-financial performance targets for its functions;
(b) particulars of
the authority’s relevant employment and industrial relations plan;
(c) an
outline of the authority’s objectives;
(d) an outline of the nature and
scope of the activities proposed to be undertaken by the authority during the
financial year;
(e) an outline of the authority’s main undertakings during
the financial year;
(f) the authority’s proposed infrastructure
investments;
(g) the authority’s capital structure and dividend policies;
(h) the authority’s forecast taxation obligations;
(i) an outline of the
borrowings made, and proposed to be made, by the authority;
(j) an outline of
the policies adopted by the authority to minimise and manage any risk of
investments and borrowings that may adversely affect its financial stability;
(k) an outline of the authority’s asset management plans, including its
policies and procedures relating to the acquisition and disposal of major
assets;
(l) the authority’s accounting policies that apply to the
preparation of its accounts;
(m) style and frequency of reporting
requirements;
(n) the performance indicators for the authority’s
performance targets.
(2) The performance plan must also contain the following
particulars about the water authority’s community service obligations—
(a)
the nature and extent of the obligations to be performed by the authority for
the financial year to which the plan relates;
(b) the costs for the
obligations;
(c) the ways in which, and the extent to which, the authority
must be compensated by the State for performing the obligations;