| (a) |
to change its service area; or |
the Minister may direct that water board to transfer some or all of its assets and liabilities to another water board or water services authority.
| (2) |
A water board must do everything within its power to give effect to that direction. |
| (3) |
Upon the disestablishment of any water board and if its assets and liabilities are not transferred to another water board or a water services authority— |
| (a) |
its assets and liabilities vest in the Minister; |
| (b) |
the Minister must wind up its affairs; and |
| (c) |
the Minister must assume the functions of the water board for the period of winding up. |
| (4) |
In exercising his or her powers under subsection (1), the Minister must have regard to— |
| (a) |
the interests of creditors and consumers; and |
| (b) |
any financial contributions directly or indirectly made by consumers towards the infrastructure of the water board. |
| (5) |
Subject to the approval of the Minister of Finance, no transfer duty, other tax or duty is payable in respect of the transfer of any assets— |
| (a) |
from the Minister to a water board or a water services authority; |
| (b) |
from a water board to the Minister; or |
| (c) |
from a water board to another water board or to a water services authority. |
Special Investigating Units and Special Tribunals Act, 1996
