WATER ACT 2000 - SECT 583 Identification and disclosure of cross-subsidies

WATER ACT 2000 - SECT 583

583 Identification and disclosure of cross-subsidies

(1) This section applies to water authorities that charge on a volumetric basis for water the authorities manage and are prescribed by regulation.

(2) Each water authority must include in its annual report a statement—

(a) identifying and disclosing all cross-subsidies between classes of its ratepayers or customers in carrying out its water activities; and

(b) disclosing—

(i) the classes of its ratepayers or customers for whom a water activity is carried out at an amount below the full cost of the activity; and

(ii) the amount.

(3) The cross-subsidies must be calculated in accordance with the guidelines, if any, issued by the chief executive for calculating cross-subsidies.