Local Government (Water Services) Act 2025

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

244: Annual report for new water organisation

You could also call this:

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

Illustration for Local Government (Water Services) Act 2025

When a new water organisation is set up after a certain date, this section of the law applies to you. You need to prepare an annual report after your first full year of operation if you were established less than 4 months before the end of a financial year. This report must cover the time from when you started until the end of your first full financial year, as stated in the law, which is different from what is said in section 243.

If you do not have a statement of expectations and water services strategy in place when you prepare your first annual report, you and your shareholders must decide which documents your report will be based on. You must agree on this so you can complete your annual report correctly. This is an important step in the process of creating your annual report.

You will have to prepare and adopt your annual report after your first full financial year, as required by law. This report is crucial for your water organisation, and you must follow the rules outlined in the law. Your annual report will provide information about your organisation's activities and progress during its first year of operation.

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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=LMS1004676.

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243: Water services annual report: water organisation, or

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

245: Water services annual report: territorial authority, or

"Territorial authorities must write a yearly report about their water services to show what they did and plan to do."

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

244Annual report for new water organisation

This section applies when a water organisation is established after the date on which this section comes into force.
Despite anything to the contrary in section 243, a water organisation that is established less than 4 months before the end of a financial year must, after the end of the organisation’s first full financial year, prepare and adopt an annual report that covers the period from the date on which the organisation is established until the end of the first full financial year.
If the water organisation’s statement of expectations and water services strategy are not in place when the water organisation prepares its first annual report, the board of the water organisation and the organisation’s shareholders must agree which documents the annual report will report against.