Territory Stories

Ministerial Statement Reform of the Power and Water Authority Six months on

Details:

Title

Ministerial Statement Reform of the Power and Water Authority Six months on

Other title

Tabled paper 1301

Collection

Tabled Papers for 8th Assembly 1997 - 2001; Tabled Papers; ParliamentNT

Date

1999-06-03

Description

Tabled by Barry Coulter

Notes

Made available by the Legislative Assembly of the Northern Territory under Standing Order 240. Where copyright subsists with a third party it remains with the original owner and permission may be required to reuse the material.

Language

English

Subject

Tabled papers

File type

application/pdf

Use

Copyright

Copyright owner

See publication

License

https://www.legislation.gov.au/Series/C1968A00063

Parent handle

https://hdl.handle.net/10070/296056

Citation address

https://hdl.handle.net/10070/394163

Page content

11 To accelerate the move towards a more commercial organisation, it is appropriate for the Power and Water Authority Act to be amended in order for PAWA to be constituted by a board of directors and a chairperson independent of the chief executive officer. A high level of private sector representation would provide both the Government and the Authority with the advice required to assume a successful competitive position in the market. It is proposed the board be comprised of five members including the chairperson and the chief executive officer. A num ber of other steps are being taken to give PAWA a more commercial focus: The Authority has been reorganised along lines of business since 1st March this year. This change identifies support functions separately from core business and clarifies areas for savings. It also reflects the future shape of the market -generation , network, retail, water and sewerage. Managers have to focus on service outcomes and the bottom line like any private sector manager. And already the effects are being seen as I have outlined in other parts of this speech. In recognition of the fact that the Authority m ust become more commercial in its focus, an assignment brief for the engagement of specialist commercial accounting advice (including chief financial officer type advice) has been prepared has been put out to selective tender. This will provide the Authority with the assistance, advice and input of an experienced financial partner on an as needed basis. Offers are currently being assessed. As mentioned earlier, work has been finalised by a consortium of Sinclair Knight Merz (consulting engineers) and DeLoitte Touche Tohmatsu (chartered accountants) to revalue all the Authoritys assets. The 11


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