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Hornery, Sonia to the
Treasurer, and Minister for Industrial Relations
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Will the Government be seeking a dividend from the Hunter Water Corporation
beyond 70 per cent in the 2018-19 financial year?
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Could this place at risk Hunter Water Corporation's ability to deliver on
future potential flood mitigation works of Hunter Water Corporation owned
assets in the Wallsend CBD?
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Answer -
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The Hunter Water Board makes decision which reflects the business targeting
of an efficient capital structure, in adherence to the Capital Structure Policy
for Government Businesses.
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Hunter Water's capital investment plan is independent of its dividend and
reflects a strong increase in spend over the budget and forward estimates,
compared to the previous budget. Dividend payments and capital returns do not
impact on consumer prices, capital investment or service delivery.
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Question asked on 18 September 2018 (session 56-1)
and printed in
Questions & Answers Paper No. 200
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Answer received on 23 October 2018
and printed in
Questions & Answers Paper No. 209
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