The Local Government Association of Tasmania (LGAT) has announced it will support the formation of a single water and sewerage corporation in the state, subject to agreement by the State and set to a number of requirements associated with its governance.

 

The in-principle support will see fundamental requirements for State Government oversight and involvement removed and will be guided by ASX Corporate Governance Principles.

 

LGAT President Mayor Barry Easther said owner councils resolved that there will be two formal meetings of all owner councils, and four regional shareholder meetings per year.

 

“Today's meeting determined that an arrangement of one vote per council should apply unless a poll is requested, at which point voting would be based on the set asset contributions made by each council.  The meeting agreed that the circumstances under which a poll is to be requested needed further clarification and sign off by councils,” Mayor Easther said.

 

“The councils decided that the present arrangements for owner representatives be terminated and be replaced by a system of representation involving one delegate per council. “