WATER AND SEWERAGE CORPORATIONS ACT 2008 (NO. 12 OF 2008)

Table of Provisions

PART 1 - Preliminary

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

PART 2 - Corporations Division 1 - Establishment and principal

• 5 Regional Corporations
• 6 Common Services Corporation
• 7 Principal objectives of Corporations
• 8 Status of Corporations
• 9 Application of Corporations Act

Division 2 - Share capital and ownership of Corporations

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

Division 3 - Corporate governance of Corporations

• 12 Constitutions of Corporations
• 13 Adoption, modification and repeal of constitution
• 14 Shareholders' letters of expectation
• 15 Corporate plan
• 16 Consultation for changes to shareholders' letters of expectation and
corporate plans
• 17 Board of Regional Corporations
• 18 Board of Common Services Corporation
• 19 Owners' Representatives for Regional Corporations
• 20 Selection Committee
• 21 Chairperson of Corporations
• 22 Common directors of Regional Corporations
• 23 Regional directors of Regional Corporations
• 24 Directors of the Common Services Corporation
• 25 Director's duties
• 26 Chief executive officer

Division 4 - Operations of Corporations

• 27 Operation and management
• 28 Staff
• 29 Borrowings
• 30 Acquisition and disposal of assets, investments and liabilities
• 31 Sale or disposal of main undertakings

Division 5 - Distributions and payments to councils

• 32 Distribution of dividends
• 33 Payment of guarantee fees
• 34 Payment of tax equivalents
• 35 Distributions to members and councils

Division 6 - Other provisions

• 36 Accounts, records, financial statements and audits
• 37 Provision of information to Treasurer and Parliament
• 38 Guarantee or indemnity
• 39 Treasurer's Instructions

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

• 40 Interpretation and application
• 41 Notice of transfer
• 42 Confirmation of transfer
• 43 Vesting of assets, rights and liabilities in transferee
• 44 Transfer of interests in land
• 45 No compensation payable
• 46 Consideration for vesting
• 47 Transfers of employees generally
• 48 General preservation of conditions of employment
• 49 Superannuation
• 50 No payment-out on transfer or dual benefits

PART 4 - Miscellaneous

• 51 Delegation by Treasurer
• 52 General power of exemption by Treasurer
• 53 Regulations
• 54 Administration of Act
SCHEDULE 1 SCHEDULE 2

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