Local Government (Water Services Preliminary Arrangements) Act 2024

Watercare Services Limited - Related amendments to LGA2002

99: Section 122 amended (Disclosure document and loan documents to contain statement that the Crown does not guarantee financial products or loan)

You could also call this:

"The government updates a law to say it does not guarantee loans for water services."

When you look at section 122, you will see some changes. You will find these changes in sections 122(1) and 122(3) of the Local Government Act 2002. The changes add the words "or Watercare Services Limited" after "local authority".

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS964574.


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98: Section 121 amended (The Crown not liable for debts), or

"The government does not have to pay debts owed by local councils or Watercare Services Limited."


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100: Section 124 amended (Interpretation), or

"New definitions added to help understand the law, including what 'Auckland' and 'Watercare' mean."

Part 4Watercare Services Limited
Related amendments to LGA2002

99Section 122 amended (Disclosure document and loan documents to contain statement that the Crown does not guarantee financial products or loan)

  1. In section 122(1) and (3), after local authority, insert or Watercare Services Limited.