WATER AND SEWERAGE CORPORATION ACT 2012

Table of Provisions

PART 1 - Preliminary

• 1 Short title
• 2 Commencement
• 3 Purposes of Act
• 4 Interpretation

PART 2 - Corporation Division 1 - Establishment and principal

• 5 Formation of Corporation
• 6 Principal objectives of Corporation
• 7 Status of Corporation
• 8 Application of Corporations Act

Division 2 - Share capital and ownership of Corporation

• 9 Share capital
• 10 Ownership and restrictions on sale and issue of securities

Division 3 - Corporate governance of Corporation

• 11 Constitution of Corporation
• 12 Shareholders' letter of expectation
• 13 Corporate plan
• 14 Board of Corporation
• 15 Chief executive officer

Division 4 - Operations of Corporation

• 16 Operation and management
• 17 Staff
• 18 Borrowings
• 19 Acquisition and disposal of assets, investments and liabilities
• 20 Sale or disposal of main undertakings

Division 5 - Distributions and payments to councils

• 21 Distribution of dividends
• 22 Section 22
• 23 Section 23

Division 6 - Other provisions

• 24 Accounts, records, financial statements and audits
• 25 Provision of information
• 26 Guarantee or indemnity

PART 3 - Transfer of Water and Sewerage Assets, Rights, Liabilities

• 27 Interpretation and application
• 28 Notice of transfer
• 29 Confirmation of transfer
• 30 Vesting of assets, rights and liabilities in transferee
• 31 Transfer of interests in land
• 32 Transfer of interests in part of land
• 33 No compensation payable
• 34 Consideration for vesting
• 35 Transfers of employees generally
• 36 General preservation of conditions of employment
• 37 Superannuation
• 38 No dual benefits or payment-out on transfer

PART 4 - Miscellaneous

• 39 Delegation
• 40 Regulations
• 41 Administration of Act
• 42 Section 42
• 43 Transitional provisions
• 43A Facilitation of alterations to governance of Corporation
• 44 Section 44
SCHEDULE 1 SCHEDULE 2

[ Note: This table has been automatically generated and may be incomplete. ]