Part 4Watercare Services Limited
Related amendments to Local Government (Auckland Council) Act 2009
110New sections 57A and 57B inserted
After section 57, insert:
57AAuckland water organisation must repay debt to Auckland Council
If, on the date on which this section comes into force, an Auckland water organisation owes a debt to the Auckland Council in respect of water services infrastructure, the Auckland water organisation must repay that debt, including any interest payable.
An Auckland water organisation must repay a debt under subsection (1) despite anything in section 56A.
The repayment—
- may be made by instalments; but
- must be paid in full no later than the close of the day that is 5 years after this section comes into force.
57BRepeal of section 57A
This section and section 57A are repealed on the date that is 5 years after this section comes into force.