Western Australian Consolidated Acts

WATER CORPORATION ACT 1995 - SECT 30

30 .         Corporation to act on commercial principles

        (1)         The corporation in performing its functions must — 

            (a)         act in accordance with prudent commercial principles; and

            (b)         endeavour to make a profit, consistently with maximizing its long term value.

        (2)         If there is any conflict or inconsistency between the duty imposed by subsection (1) and a direction given by the Minister under this Act the direction prevails.