168Financial obligations of Melbourne Water Corporation

168 Financial obligations of Melbourne Water Corporation

(1) Melbourne Water Corporation must give to the Treasurer and the Minister, within the period of 3 months after the day on which this Act receives the Royal Assent or such longer period as the Treasurer and the Minister approve, a statement, in a form approved by the Treasurer and the Minister, of its financial obligations valued at a fair market value as at a date specified by the Minister.

(2) The statement under subsection (1)—

S. 168(2)(a) amended by No. 65/1995 s. 14(53)(a)(b).

(a) may allocate, for the purposes of section 170, responsibility for all or for any specified financial obligations to which that section applies between the company licensees; and

(b) must specify the financial obligations of Melbourne Water Corporation to which section 170 does not apply and specify the company licensee that is to be responsible for making payments to Melbourne Water Corporation in respect of Melbourne Water Corporation's liability under particular financial obligations.

(3) If the statement is approved by the Treasurer and the Minister—

(a) the Treasurer and the Minister must sign the statement; and

(b) the statement is the allocation statement of financial obligations for the purposes of this Division.

(4) An allocation statement of financial obligations may be amended, or further amended, by writing signed by the Treasurer and the Minister.