Local Government (Water Services) Act 2025

Planning, reporting, and financial management - Planning - Statement of expectations

224: Statement of expectations

You could also call this:

"A plan outlining what shareholders expect a water organisation to achieve."

Illustration for Local Government (Water Services) Act 2025

When a water organisation is set up, its shareholders must create a statement of expectations. You can think of this statement as a plan that outlines what the shareholders want the water organisation to achieve. The shareholders must give this statement to the water organisation at least 6 months before the organisation needs to prepare its own water services strategy, which is explained in section 230 or section 231.

This statement of expectations must cover a period of at least 10 consecutive financial years. The purpose of the statement is to tell the water organisation what the shareholders expect from it. It also helps guide the decisions and actions of the water organisation, including how it prepares its water services strategy, which includes its strategic priorities as outlined in clause 2(1)(a) of Schedule 3.

The statement of expectations is an important document that helps the water organisation understand what it needs to do to meet the shareholders' expectations. It gives the organisation direction and helps it make decisions that align with the shareholders' goals.

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This page was last updated on 31 August 2025

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS1004654.

Topics:

Environment and resources > Food and water safetyGovernment and voting > Local councils

223: Publication requirements, or

"Putting important water documents online for the public to see"

225: Statement of expectations for new water organisation, or

"What a new water organisation is expected to do"

Part 4Planning, reporting, and financial management
Planning: Statement of expectations

224Statement of expectations

The shareholders of a water organisation must prepare and adopt a statement of expectations and provide it to the water organisation at least 6 months (or such longer period as is agreed between the shareholders and the water organisation) before the water organisation is required to prepare a water services strategy (see section 230 or 231).
A statement of expectations must relate to a period of at least 10 consecutive financial years.
The purpose of a statement of expectations is—
to set out the shareholders’ expectations of the water organisation; and
to inform and guide—
1. the decisions and actions of the water organisation; and
2. the water organisation’s preparation of its water services strategy (see section 230 or 231), including its strategic priorities (see clause 2(1)(a) of Schedule 3).