Plain language law

New Zealand law explained for everyone

Local Government (Water Services) Act 2025

Planning, reporting, and financial management - Reporting - Water services annual report

243: Water services annual report: water organisation

You could also call this:

"Water organisations must write a yearly report on their work to share with shareholders and the public."

Illustration for Local Government (Water Services) Act 2025

A water organisation has to make a report every year about what it did during that year. You can think of this report like a summary of how the organisation performed. The organisation must finish this report within three months of the end of the year it is reporting on.

The water organisation must give this report to its shareholders. The report can be combined with another report that the organisation has to make under the Companies Act 1993.

The purpose of this report is to help the organisation's shareholders and the public understand how well the organisation did. It also helps to compare what the organisation planned to do with what it actually did, and to make the organisation accountable for its actions.

This text is automatically generated. It might be out of date or be missing some parts. Find out more about how we do this.

This page was last updated on

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS1004675.

Topics:
Government and voting > Local councilsEnvironment and resources > Food and water safety
Previous

242: Process for making water services annual budget, or

"How water organisations plan their yearly water services budget"

Next

244: Annual report for new water organisation, or

"New water organisations must write a yearly report after their first full year."

Part 4Planning, reporting, and financial management
Reporting: Water services annual report

243Water services annual report: water organisation

  1. A water organisation must, in relation to each financial year, prepare and adopt a water services annual report that reports on the organisation’s operations during that financial year.

  2. The water organisation must adopt the annual report no later than 3 months after the end of the financial year to which it relates.

  3. The water organisation must provide the annual report to the shareholders of the water organisation.

  4. A water organisation’s annual report under this Act may be combined with an annual report required under section 208 of the Companies Act 1993.

  5. The purpose of a water services annual report for a water organisation is—

  6. to enable the water organisation’s shareholders and the public to make an informed assessment of the water organisation’s performance; and
    1. to compare the water organisation’s intended activities and intended performance levels for providing water services, as set out in the water organisation’s water services strategy for the financial year, with the actual activities and performance levels; and
      1. to promote the water organisation’s accountability to its shareholders for its performance throughout the financial year; and
        1. to support the water organisation’s shareholders’ accountability to the shareholders’ communities with respect to—
          1. the provision of water services; and
            1. the water organisation’s performance.