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TasWater surprises council owners with $5 million payout | The Advocate



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Councils around the North-West got a pleasant surprise earlier this month when TasWater dropped some cash into their accounts. They had been bracing for zero from the company, after TasWater suspended payouts in April last year, citing COVID-19 as the reason. In a letter to owner councils in February, board chair Dr Stephen Gumley said the six monthly results to December were “materially better than forecast”, leading to the decision to pay an interim dividend of $5 million. Dr Gumley said TasWater would aim at paying out another $5 million at the end of the financial year. Burnie City mayor Steve Kons said he had questioned TasWater’s estimates early on because he thought the company was over exaggerating what the…

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