Board to notify Minister and Treasurer of significant affecting events etc.

In force

If the board of directors of a water corporation forms the opinion that matters have arisen—

S. 250(a) amended by No. 32/2010 s. 77(Sch.).

(a)

that may prevent, or significantly affect, achievement of the objectives of the water corporation under the corporate plan; or

(b)

that may prevent, or significantly affect, achievement of the financial targets under the plan—

the board of directors must immediately notify the Minister and the Treasurer of its opinion and the reasons for the opinion.

New s. 251 inserted by No. 85/2006 s. 104.

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