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The Latest

Councils and iwi have agreed on the governance and oversight arrangements for Waitī Waters, finalising a Constitution and Shareholders’ Agreement in October 2025.  Since then, we have established the Stakeholders’ Forum which is the representative group that will develop our Statement of Expectations and monitor the performance of Waitī Waters. The Forum is made up of six members – one from each Council and one from each iwi.

 

As we approach 1 July 2027, we will keep you well informed on our progress, with regular updates available below and in our monthly newsletter.

The major milestones we have ahead include:

August 2026:

  • Statement of Expectations confirmed

  • This Statement of Expectations is required by legislation and is an important document that sets out the shareholders’ (Councils’) expectations of the new company.  It will be developed by the Stakeholders’ Forum and will be the basis for monitoring the performance of the company going forward.

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October 2026:

  • LGFA accession process expected to be completed

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September 2026:

  • Expected start date for new Chief Executive

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Later in 2026:

  • Water Services Strategy development underway

  • Initial executive leadership team appointments made

  • The Board sets the direction of the company and will oversee the transition alongside Councils. Once the Board is in place, we will complete incorporation of the company, and it will exist as its own legal entity

  • Through this period, we will also be preparing the detail of everything that needs to transfer to the new company – including water assets, debt, resource consents, compliance obligations, existing contracts, services and operations and more.

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