When you look at section 124, you will see some new words added to help with interpretation. You will find the word Auckland defined in the same way as it is in section 4(1) of the Local Government (Auckland Council) Act 2009. This means Auckland has a specific meaning in this context.
You will also see the word Watercare added, which refers to Watercare Services Limited and any companies that belong to it. This helps clarify what Watercare means when you see it used. It is important to understand these definitions to know what the law is talking about.
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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS964579.
99: Section 122 amended (Disclosure document and loan documents to contain statement that the Crown does not guarantee financial products or loan), or
"The government updates a law to say it does not guarantee loans for water services."
101: Section 127 amended (Duty to ensure communities have access to drinking water if existing suppliers facing significant problems), or
"Councils and Watercare must ensure communities have safe drinking water if suppliers have big problems"
In section 124, insert in their appropriate alphabetical order:
Auckland has the meaning set out in section 4(1) of the Local Government (Auckland Council) Act 2009
Watercare means Watercare Services Limited, and includes any subsidiary of Watercare Services Limited
