(1)  Immediately following the incorporation of the Regional Corporations, the Regional Corporations are to procure, and participate in, the incorporation of the Common Services Corporation under the name of the "Tasmanian Water and Sewerage Corporation (Common Services) Pty Limited" , the members of which are to be, at the time of incorporation, the Regional Corporations.

(2)  The Common Services Corporation is to be incorporated as a proprietary company limited by shares under the Corporations Act.