| (a) | to change its service area; or |
the Minister may direct that water board to transfer some or all of its assets and liabilities to another water board or water services authority.
| (2) | A water board must do everything within its power to give effect to that direction. |
| (3) | Upon the disestablishment of any water board and if its assets and liabilities are not transferred to another water board or a water services authority— |
| (a) | its assets and liabilities vest in the Minister; |
| (b) | the Minister must wind up its affairs; and |
| (c) | the Minister must assume the functions of the water board for the period of winding up. |
| (4) | In exercising his or her powers under subsection (1), the Minister must have regard to— |
| (a) | the interests of creditors and consumers; and |
| (b) | any financial contributions directly or indirectly made by consumers towards the infrastructure of the water board. |
| (5) | Subject to the approval of the Minister of Finance, no transfer duty, other tax or duty is payable in respect of the transfer of any assets— |
| (a) | from the Minister to a water board or a water services authority; |
| (b) | from a water board to the Minister; or |
| (c) | from a water board to another water board or to a water services authority. |
