The department has commenced a review, with support from Frontier Economics, of local water utility dividend eligibility criteria and calculation methods.
The review will include consultation before the end of 2022 and will involve the exhibition of a consultation paper for comment, workshops and targeted engagement with key stakeholders on pricing and financial management.
The consultation paper will be issued in the week of 7 November and submissions will close on Friday 16 December 2022. Following the consultation phase, recommendations for changes to dividend settings will be developed, implemented and gazetted (as the updated section 4 of the Regulatory and assurance framework for local water utilities) to apply from the 2023/24 financial year.
More information on the review will be available soon.