50
In forceMinister's approval required
Part 6Charges for irrigation and drainage
Division 1Declaration of charges
50 Minister's approval required
(1)
If the trust is indebted to the Crown, the Minister or 1 or more other agencies or instrumentalities of the Crown in an amount that exceeds
$50 000 or in 2 or more amounts that together exceed
$50 000, the trust must not—
(a)
declare a water supply charge or drainage charge; or
(b)
fix a rate of interest for the late payment of charges, without first obtaining the Minister's approval.
(2)
Non‑compliance with subsection (1) does not affect the validity of a charge or rate of interest declared or fixed by a trust.
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