This letter includes the transition board’s recommendation and an outline of the elements of the offer to transition to local management.
On 6 April 2018, Theodore Water and the State Government entered an agreement to transfer the Theodore distribution scheme to local management. The transfer is conditional on sufficient customer support for the proposal.
Water allocation holders within the scheme will shortly receive an offer document, setting out the terms of a proposal for implementing local management and inviting them to become shareholders in Theodore Water.
The Board of Theodore Water recommends that allocation holders in the scheme support the proposal and accept the offer. To do so, water allocation holders will need to complete the support and acceptance form, which has been sent to them with the offer document. The form needs to be received in Brisbane by 5pm on Wednesday 30 May 2018.
The Board will be holding a meeting to discuss the local management proposal at the Theodore Hotel at 6pm on Friday 20 April.
For local management to proceed, customers representing at least 70% of the water allocations supplied by the scheme (by volume) need to support the proposal and at least 50% need to elect to become shareholders in Theodore Water.
For more information about the offer contact a member of the Board. For assistance in completing the support and acceptance form, please email LMA Support Services at email@example.com or phone 0468 960 538.
|Malcolm Finlayson||Chair||0409 765 200|
|Peter French||Deputy Chair||0428 166 634|
|Greg Austin||Director||0409 931 614|
|Kirk Anderson||Director||0429 181 079|
|Ed Donohue||Director||0418 154 914|
|Sarah Cox||Director||0418 152 859|
The following documents will be available on this page and Theodore Water ‘s website once the offer has been distributed to customers.
This document will be sent to all current customers in the Theodore irrigation district. The offer document includes information on:
- the proposed terms of the transfer to local management
- reasons for and against a move to local management, including some of the risks associated with local management
- the Board’s proposed approach to managing the business
- frequently asked questions.
This is the constitution for Theodore that will apply in the event that local management proceeds. The constitution includes provisions related to the objectives of the company, directors and their appointment, and the rights of shareholders.
This is the standard distribution water supply contract that will be deemed to apply to customers of Theodore Water in the event that local management proceeds. This will replace the existing “channel and pipelines” contract that exists between customers and SunWater.
These are the accounting policies that have been used in preparing the offer document and which will be adopted by Theodore Water should local management proceed.