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As interested parties continue to dissect the Water Services Entities Bill (the Bill) that was introduced in June of this year, questions still remain around much of the detail lacking in this first Bill. The Bill outlines how the four Water Service Entities (Entities) will be established, governed, operated and regulated.
With the public submissions on the Water Services Entities Bill (the Bill) now closed it is an opportune time to consider, at a high level, where the Bill and the Three Waters reform is heading. The Bill is process and procedure driven. To a degree, this makes sense for a Bill focused on the establishment of four new publicly owned entities.
As most people involved in property development will know, encumbrances are commonly used to register what amount to personal covenants on the title to a property. Encumbrances were the only method by which obligations of the owner of land to third parties who did not own adjacent land could be recorded against the title.
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