117Allowances

117 Allowances (1) A water corporation may, subject to subsection (2), pay remuneration and allowances to its members of the board of directors. S. 117(2) substituted by No. 17/2012 s. 14. (2) In the case of Melbourne Water Corporation and each metropolitan water corporation, the amounts of any remuneration and allowances paid by the water corporation must not exceed the amounts fixed by the Minister in consultation with the Treasurer in respect of that water corporation. S. 117(3) substituted by No. 17/2012 s. 14. (3) The amounts fixed by the Minister in consultation with the Treasurer under subsection (2) may vary between water corporations. S. 117(3A) inserted by No. 17/2012 s. 14. (3A) In the case of each non-metropolitan water corporation, the amounts of any remuneration and allowances paid by the water corporation must not exceed the amounts fixed by the Minister in respect of that water corporation. S. 117(3B) inserted by No. 17/2012 s. 14. (3B) The amounts fixed by the Minister under subsection (3A) may vary between water corporations. (4) This section does not apply to the remuneration and allowances paid to the Managing Director of a water corporation. S. 118 substituted by No. 85/2006 s. 54.