Affected provisions

1. 40A: Instrument may provide for appointment of receiver
   The definition of entities whose assets may be subject to the appointment of a receiver has been expanded to include water organisations
2. 40B: Power of court to appoint receiver
   The definition of entities whose assets may be subject to the appointment of a receiver has been expanded to include water organisations; The court's power to appoint a receiver has been clarified and expanded to consider the interests of various stakeholders, including secured and non-secured creditors, consumers, and the general public
3. 40C: Powers and duties of receivers
   The definition of entities whose assets may be subject to the appointment of a receiver has been expanded to include water organisations; The powers and duties of receivers have been amended to include specified water organisations and to provide for High Court orders restricting certain rights and duties
4. 40D: Constraints on receiver
   The definition of entities whose assets may be subject to the appointment of a receiver has been expanded to include water organisations; Constraints on receivers have been clarified to apply to water organisations, in addition to local authorities and Watercare
5. 40E: Protection for receiver
   The definition of entities whose assets may be subject to the appointment of a receiver has been expanded to include water organisations; Protection for receivers has been expanded to include water organisations, providing indemnity and protection from proceedings
6. 40AAA: Meaning of water organisation and Watercare
   The meaning of 'water organisation' has been defined and aligned with the Local Government (Water Services) Act 2025