Local Government (Water Services Preliminary Arrangements) Act 2024

Watercare Services Limited - Part 1 of Watercare charter

80: Watercare must submit business plan to Secretary

You could also call this:

"Watercare must give the government a plan for how it will manage its water services and money."

Watercare has to give a draft business plan to the Secretary. You need to know that Watercare must do this no later than 4 months after Part 1 of the Watercare charter is made under section 77. The business plan must include important details like where Watercare gets its money, how it will charge for its services, and its financial strategy.

The plan must also cover things like Watercare's approach to pricing, its water infrastructure growth charging policy, and how it will improve its efficiency. It needs to explain how Watercare will operate and maintain its assets, and provide new ones. The plan must include information about how it helps Watercare achieve its goals.

Watercare must make sure its business plan meets any requirements set by the Secretary, and it must give the plan to the Secretary in the order the Secretary says. When the Secretary sets these requirements, they must consider Watercare's obligations under Part 5 of the LGA2002.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS964545.


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81: Period covered by business plan submitted to Secretary, or

"How long Watercare's business plan must cover when sent to the Secretary"

Part 4Watercare Services Limited
Part 1 of Watercare charter

80Watercare must submit business plan to Secretary

  1. Watercare must submit a draft business plan to the Secretary.

  2. Watercare must submit the draft business plan no later than 4 months after the date on which Part 1 of the Watercare charter is made under section 77.

  3. A business plan must, for the period during which it applies, include—

  4. the sources of, and Watercare’s intended approach to, funding, revenue, and pricing; and
    1. Watercare’s water infrastructure growth charging policy; and
      1. Watercare’s intended approach to pricing its services and charging customers; and
        1. Watercare’s financial strategy for each financial year covered by the plan; and
          1. Watercare’s intended efficiency improvements for operating and capital expenditure; and
            1. Watercare’s investment priorities for its infrastructure assets; and
              1. how Watercare will—
                1. operate, maintain, and renew its infrastructure assets; and
                  1. provide new infrastructure assets; and
                  2. information about how the plan helps to achieve Watercare’s proposed activities and intentions (as set out in its statement of intent).
                    1. Watercare must ensure that—

                    2. the business plan that it submits complies with any requirements specified by the Secretary as to the form and content of the plan; and
                      1. it provides each component of the plan to the Secretary in any order specified by the Secretary.
                        1. When specifying any form and content requirements of the business plan, the Secretary must have regard to, and ensure consistency with, Watercare’s obligations under Part 5 of the LGA2002.