58—Dissolution on Minister's initiative
(1) The Minister may
dissolve the trust in accordance with this section if—
(a) in
the Minister's opinion the trust—
(i)
is unable to carry out its functions properly because of
disagreements between its members; or
(ii)
is not carrying out its functions properly for any other
reason; or
(iii)
without limiting the generality of subparagraphs (i)
and (ii), is not properly maintaining any irrigation and drainage systems
provided by the trust; or
(b) the
trust is unable to pay its debts as they fall due; or
(c) the
trust has failed to comply with a provision of this Act; or
(d) the
Minister is of the opinion that it is just and equitable that the trust be
wound up in the circumstances of the particular case.
(2) The Minister must
serve notice on the trust of his or her intention to dissolve the trust under
this section—
(a)
setting out the grounds for his or her proposed course of action; and
(b)
inviting the trust to make submissions to the Minister in relation to the
matter.
(3) The Minister must
take into account submissions made under subsection (2).
(4) The Minister may
serve a notice of dissolution on the trust if—
(a) 3
months have passed since the notice referred to in subsection (2) was
served on the trust; and
(b) 1 or
more of the grounds for dissolution referred to in the notice are still
applicable.
(5) The Minister must
publish the notice referred to in subsection (4) in the Gazette and in a
local newspaper.
(6) At the expiration
of 3 months after service of the notice under subsection (4)—
(a) the
trust is dissolved; and
(b) any
water licence held by the trust—
(i)
will vest in 1 or more persons determined by the
Minister; or
(ii)
will be dealt with in some other manner determined or
approved by the Minister,
subject to the operation of the Natural Resources Management Act 2004 .
(7) The Minister must
consult with the Minister responsible for the administration of the
Natural Resources Management Act 2004 before acting under
subsection (6)(b).