87Restructuring of water corporations

87 Restructuring of water corporations (1) The Minister may, by determination, with the approval of the Treasurer appoint a water corporation to take over the whole or any part of the functions, powers and duties of another water corporation under this Act. (2) The Minister must not make a determination under subsection (1) unless— (a) the Minister has reached agreement with each water corporation that is affected by the determination as to the terms and conditions of the determination; or (b) the Minister has before making such a determination— (i) given reasons for the determination to all water corporations affected by the determination; and (ii) laid a copy of the reasons for the determination before both Houses of the Parliament. S. 87(3) repealed by No. 17/2012 s. 8(1). S. 88 substituted by No. 85/2006 s. 54.