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Legislation Fact Sheet
Water and Sewerage Corporation Bill 2012
The purpose of the Water and Sewerage Corporation Bill 2012 is to give effect to the
structural reform of the State's water and sewerage businesses stemming from a
recommendation of Councils, the owners of the businesses.
The Bill provides for the establishment of a single water and sewerage corporation that
will have the provision of water and wastewater services on a state-wide basis as its
primary focus.
The Bill provides for the transfer of the assets, liabilities and employees of the existing
water and sewerage businesses - Ben Lomond Water, Cradle Mountain Water,
Southern Water and Onstream - to the new Corporation.
The transfer will occur as soon as practicable after the commencement of the Bill, with
a target date of the Corporation commencing full operations from 1 July 2013. It will
be given effect by one or more gazettal notices, the authority for which is provided by
the Bill.
The Corporation will be owned by the State's Local Government councils and any
dividends, tax equivalents payments and guarantee fees will be payable to the owner
councils.
The Bill also provides for new governance arrangements which are suitable for the
new single entity structure.
The governance arrangements are based on those that apply to State-owned
companies in Tasmania, but have been adapted to be relevant for Local Government
ownership.