Part 4Watercare Services Limited
Information disclosure
85Crown monitor may require information disclosure
The Crown monitor may, by notice in writing, require Watercare to provide any information the Crown monitor considers may enable the Crown monitor to perform or exercise its functions, duties, or powers under this Act.
Information that the Crown monitor may require Watercare to disclose may include (without limitation) 1 or more of the following:
- financial statements (including projected financial statements):
- asset values and valuation reports:
- prices, terms and conditions relating to prices, and pricing methodologies:
- contracts:
- transactions with related parties:
- financial and non-financial performance measures:
- plans and forecasts, including (without limitation) plans and forecasts about demand, investments, prices, revenues, quality and service levels, capacity and spare capacity, and efficiency improvements:
- asset management plans:
- quality performance measures and statistics:
- assumptions, policies, and methodologies used or applied in relation to relevant information, including in relation to the information listed in paragraphs (a) to (i).
For the purpose of monitoring whether Watercare is complying with a price-quality path in Part 2 of the Watercare charter, the Crown monitor may, by notice in writing to Watercare, require it to provide 1 or more of the following:
- a written statement advising whether Watercare is complying with the price-quality path:
- a written report analysing the written statement under paragraph (a), signed by—
- an auditor; or
- a suitably qualified and experienced independent expert:
- an auditor; or
- sufficient information for the Crown monitor to be satisfied that Watercare is complying with the price-quality path.
As part of requiring Watercare to disclose information under this section, the Crown monitor may require Watercare to provide a certificate confirming that the information it provides is true and accurate.
A certificate must be—
- in the form specified by the Crown monitor; and
- signed by at least 1 director of Watercare.