New South Wales Consolidated Acts

CENTRAL COAST WATER CORPORATION ACT 2006 - SECT 51

51 Regulatory functions of IPART

(1) The regulatory functions of IPART under this Act are as follows:

(a) the function of making recommendations under subsection (2),

(b) the function of monitoring and reporting under subsection (3),

(c) the auditing functions of IPART under subsection (4),

(d) the function of determining an operating licence fee (if any),

(e) the function of imposing monetary penalties or requiring other action to be taken under section 40,

(f) such other functions of IPART under this Act as are specified by the regulations for the purposes of this section.

(2) IPART has the function of making recommendations to the Minister for or with respect to:

(a) the granting, amendment or cancellation of the Corporation’s operating licence, and

(b) the imposition, amendment or cancellation of conditions in relation to the Corporation’s operating licence, and

(c) action to be taken, and sanctions to be applied, in respect of a contravention of the Corporation’s operating licence, and

(d) remedial action that may be warranted as a result of a contravention of the Corporation’s operating licence.

(3) IPART has the function of monitoring and reporting to the Minister on compliance by the Corporation with its operating licence.

(4) IPART has such functions as may be conferred or imposed on it by the Corporation’s operating licence in connection with operational audits of the Corporation.