Tasmanian Numbered Acts

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

- Act 12 of 2008
- Royal Assent 13 June 2008

TABLE OF PROVISIONS

           Long Title

   PART 1 - Preliminary

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

   PART 2 - Corporations

           Division 1 - Establishment and principal objectives of Corporations

   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 and Employees

   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