DIRECTORS’ REPORT FOR THE
YEAR ENDED 30 JUNE 2016
The Directors of Yarra Valley Water Corporation present
Principal activities
their report for the financial year ended 30 June 2016.
The principal activities of the Corporation during the course
of the financial year were the provision, within its district, of
Directors
retail water supply and sewerage services and the collection
The names of the Corporation’s Directors in office during
of trade waste.
the financial year are as follows. Directors were in office
There were no significant changes in the nature of these
for this entire period, unless otherwise stated.
activities during the year.
Sue Therese O’Connor
Chair
Appointed 1 October 2015
Dividends
Robert Clive Skinner
A final dividend of $24.3 million for the year ended
Deputy Chair
Appointed 1 October 2015
30 June 2015 was paid on 17 December 2015.
Patrick John McCafferty
Managing Director
The amount of the final dividend for the year ended 30 June
Gregory Joseph Camm
2016 will be determined after consultation between the
Board, the Minister for Water and the Treasurer of Victoria.
Susan Elizabeth Friend
Victor John Perton
Appointed 1 October 2015
Capital Repatriation
Anita Michelle Roper
Appointed 1 October 2015
A capital repatriation of $8.6 million for the year ended
Eric Sjerp
Appointed 1 October 2015
30 June 2016 was paid on 29 June 2016.
Helen Lynette Thornton
Appointed 1 October 2015
Peter Snowden Wilson
1 July 2015 to
Review of operations
30 September 2015
A review of the operations of Yarra Valley Water during the
Dean Matthew Comrie
1 July 2015 to
year ended 30 June 2016 and the results of those operations
30 September 2015
are contained in this Annual Report.
Stephen James McArthur
1 July 2015 to
30 September 2015
State of affairs
David Anthony Middleton
1 July 2015 to
30 September 2015
Prices in 2016-17 will decrease by an average of 0.1%. The
Therese Anne Ryan
1 July 2015 to
typical residential customer’s bill will decrease in 2016-17
30 September 2015
by 0.2% and residential customers will continue to receive
the $100 Government Water Rebate, which will be delivered
Particulars of the Directors’ and Corporate Secretary’s
by passing on significant savings in operating costs as part
qualifications, experience and special responsibilities (if any)
of the Corporation’s ongoing commitment to productivity.
are set out in the Corporate Information Section of this
Annual Report.
Except as provided above, there were no significant changes
in the state of affairs of the Corporation during the year ended
30 June 2016 not otherwise disclosed in the Annual Report.
Directors’ attendance at meetings
The number of Directors’ meetings and Board Committee
Events subsequent to balance sheet date
meetings held, and the number of meetings attended by
each of the Directors of the Corporation during the financial
Except as provided above, no matter or circumstance has
arisen that, in the opinion of the Directors, has significantly
year is set out in the Corporate Information Section of this
Annual Report.
affected or may significantly affect the operations of the
Corporation, the results of those operations, or the state
of affairs of the Corporation in future financial years.
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YARRA VALLEY WATER ANNUAL REPORT 2015-16

 

Environmental regulation
Insurance of officers
Yarra Valley Water is subject to environmental regulation
During the financial year, the Corporation paid premiums in
in respect of its operations. Yarra Valley Water holds a
respect of contracts to insure Directors, former Directors
Corporate Licence issued by the Environment Protection
and Officers of the Corporation against certain liabilities.
Authority Victoria (EPAV) under the Environment Protection
Act 1970. The licence imposes conditions about discharges,
Some of the contracts of insurance prohibit disclosure
reporting obligations and other matters concerning the
of the nature of the liabilities insured and the amount
operation of seven sewage treatment plants.
of the premium.
During the financial year, Yarra Valley Water did not comply
Rounding of amounts to nearest thousand dollars
with all conditions of the EPAV corporate licence due to the
following events:
The amounts in this Report and the Annual Financial Report
have been rounded to the nearest thousand dollars, unless
••
reported an odour complaint attributed to the operations
otherwise stated.
of the Lilydale Sewage Treatment Plant; and
This Report is made in accordance with a resolution of the
••
the maximum pH limit was exceeded in the treated effluent
Directors of Yarra Valley Water on the 26th day of August 2016.
discharged from the Craigieburn Treatment Plant.
Yarra Valley Water maintains an Environmental Management
System certified to ISO 14001: (2004).
Further particulars of specific environmental performance
measures are set out in the Additional Information section
of this Annual Report.
Sue T O’Connor
Directors’ Deed
Chair
Yarra Valley Water entered into a Deed with each Director
under which it is required to provide access to its books
and to maintain insurance coverage for at least seven years
after the Director ceases to be a Director.
Patrick J McCafferty
Managing Director
YARRA VALLEY WATER ANNUAL REPORT 2015-16
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