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Under legislation approved by the Tasmanian Parliament, local government has established three regional Water and Sewerage Corporations and a fourth Common Services Corporation to take over and operate the State’s water and sewerage assets from 1 July 2009.
These companies will manage the State’s water and sewerage assets on a commercial basis within newly developed economic and environmental regulatory frameworks. They will also provide the balance sheet and revenue strength to enable investment in the state’s water and sewerage infrastructure. The sector requires capital expenditure in the order of $1 billion over the next ten years for infrastructure enhancement and service improvement.
The Regional Corporations’ responsibilities will align with the North, the North-West and the South of the State and will manage and operate the water and sewerage assets to be transferred from all councils.
The Common Services Corporation, trading as Onstream, is incorporated as a proprietary company limited by shares under the Corporations Act and is expected to operate commercially.
Onstream is governed by a Board that comprises the Chairperson, who is also the common Chairperson for the three Regional Corporations, two Directors and the Regional Corporation’s Chief Executive Officers.
Onstream has two clear business drivers –
- The provision of effective and efficient shared service functions for the water industry clients; and
- The facilitation of state wide outcomes to ensure sustainable Tasmanian water and sewerage industry and the achievement of community and stakeholder expectations.
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