[no bill text published] Leasing Restrictions for Water Corporations Regarding Critical Assets
Constitution Amendment (Water NSW and Local Water Utilities) Bill 2023
1st House
2nd House
Law
Links to official parliament websites
Effects of this bill
If this bill passes, it means that:
Water corporations cannot lease critical assets from non-public entities; they cannot enter agreements to use critical assets owned by non-public entities.
An Act of Parliament can override these leasing bans.
Existing leases or agreements can be renewed.
A partial acquisition of a necessary asset is treated as a sale of a main undertaking if a non-public entity owns the rest of the asset.
The definition of water corporation now includes Sydney Water, Hunter Water, Water NSW, water supply authorities, and local or county councils performing water functions.