57Sydney Water Corporation and Hunter Water Corporation to remain in public ownership

#### 57 Sydney Water Corporation and Hunter Water Corporation to remain in public ownership 57 Sydney Water Corporation and Hunter Water Corporation to remain in public ownership > > (1) The following must not be sold or otherwise disposed of unless authorised by an Act of Parliament— > > > > > (a) a water corporation, > > > > > (b) a main undertaking of a water corporation. > > > (2) Nothing in this section prevents a sale or disposal that— > > > > > (a) is in the ordinary course of the business of a water corporation, and > > > > > (b) results in the main undertakings of the water corporation remaining in public ownership. > > > (3) To avoid doubt, the sale or disposal of an asset of a water corporation, being an asset that is necessary to enable the water corporation to carry out its principal functions under an Act, is taken to be a sale or disposal of a main undertaking of the water corporation. > > > (4) This section prevails over the [State Owned Corporations Act 1989](/view/html/inforce/current/act-1989-134) to the extent of an inconsistency. > > > (5) A word or expression used in this section has the same meaning as in the [State Owned Corporations Act 1989](/view/html/inforce/current/act-1989-134), unless otherwise defined in this section. > > > (6) In this section— > > > > main undertaking, of a water corporation, includes a business activity necessary to enable the water corporation to carry out any of the following— > > > > > (a) the storage or supply of water, > > > > > (b) the provision of sewerage services, > > > > > (c) the provision of stormwater drainage systems, > > > > > (d) the disposal of waste water. > > > > water corporation means the following or a subsidiary of the following— > > > > > (a) the Sydney Water Corporation, > > > > > (b) the Hunter Water Corporation. > > **s 57:** Ins 2023 No 5, Sch 1.