08 Mar Does the Mount Isa Water Board operate as a business?
Posted at 19:44h in
Yes. The Mount Isa Water Board is a commercialised statutory authority operating under the Water Act. Under the Water Act, it must be efficient and effective, and is required to operate as a commercially successful business. As a commercialised statutory authority, the Mount Isa Water Board is also required to pay ‘tax equivalents’ and dividends when it makes a profit.