Directors

Land & Water Australia's Board is expected to be announced shortly, at which time further information will be available.

The Role of the Board

Land & Water Australia (LWA) is a body corporate with perpetual succession and a common seal. As a corporation established by legislation, LWA has the functions and powers provided for in its enabling legislation, which includes a general power to do what is necessary to carry out its functions.

LWA is constituted by its directors, including the Executive Director (the Board). The PIERD Act sets out the powers and functions of LWA. Many of the express powers in the PIERD Act repose the power in an 'R&D Corporation' (that is, LWA).

In addition, the individual directors are personally liable to carry out their responsibilities in accordance with the directors' duties specified in the CAC Act. These duties largely mirror the directors' duties in the Corporations Act 2002. In addition, common law duties (for example, fiduciary duties) also apply to directors.