This letter included the transition board’s recommendation and an outline of the elements of the offer made to transition to local management.
In June 2018 an overwhelming majority accepted an offer to transition the Theodore channel scheme to local management. The offer, negotiated with government on behalf of customers by a transition board, was distributed to customers in April, 2018.
For local management to proceed, customers representing at least 70% of the water allocations by volume needed to accept the offer and at least 50% (of water allocations by volume) needed to elect to become members. The offer closed in May, with more than 95% support for the assets to be owned and managed by an irrigator-owned company.
Subject to the completion of the transfer process Theodore Water Ltd Pty will own and manage the assets from October 1, 2018.
|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 were made available to scheme customers and on the Theodore Water ‘s website .
This document was sent to all current customers on the Theodore irrigation channel. The offer document included 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 Theodore Water constitution that will apply when 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 when 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 when local management proceeds.