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TasWater surprises council owners with $5 million half year payout | The Examiner



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Councils around Tasmania 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 uncertainty. 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 an interim dividend of $5 million. Dr Gumley said TasWater would aim to pay 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 exaggerating the possible costs of the pandemic. “I was proven…

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