Water Services Entities Bill - Amendment paper No 294
Water Services Entities Bill - Amendment paper No 294
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Water Services Entities Bill - Amendment paper No 294
No 294
House of Representatives
Supplementary Order Paper
Tuesday, 22 November 2022
Water Services Entities Bill
Proposed amendments
Simon Court, in Committee, to move the following amendments:
Clause 57
After clause 57(2)(f) (page 37, after line 24), insert:
(g)
financial management.
After clause 57(2) (page 37, after line 24), insert:
(3)
The board appointment committee must ensure that at least half the board members have knowledge of, and experience and expertise in relation to, the matters described in subsections (2)(a) and (b).
Explanatory note
This Supplementary Order Paper requires the members of the board of a water services entity to, collectively, have knowledge of, and experience and expertise in relation to, financial management. It also requires that half of the board members have knowledge of, and experience and expertise in relation to, performance monitoring and governance, and network infrastructure industries.
The purposes of this amendment is to ensure that there is a check on the board being stacked with political appointees without governance or water infrastructure experience. It is to also ensure that there is at least one member on the board who has financial expertise, which, given the likely significant financial liabilities and risks to be borne by the entities is essential.
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Water Services Entities Bill - Amendment paper No 294
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