122ZI
In forceRepayment of capital
Part 6BDuties of water corporations
Division 3Repayment of capital
122ZI Repayment of capital
(1)
The capital of a water corporation is repayable to the State at such times, and in such amounts, as the Treasurer directs in writing, after consultation with the Minister and the board of directors of the water corporation.
(2)
In giving a direction under this section, the Treasurer must have regard to any advice that the board of directors has given to the Treasurer in relation to the water corporation's affairs.
Division 4—Annual report
S. 122ZJ inserted by No. 85/2006 s. 54.
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