Queensland Competition Authority Act 1997

The authority must make a determination or determinations (each a water pricing determination) for the monopoly water supply activity of a water supplier.

Each water pricing determination must relate to a particular period (a water pricing period) for which the water supplier carries on the monopoly water supply activity, being the period—

starting on the day (a starting day) the determination takes effect under section 170ZJ; and

ending on a day stated in the determination.

For subsection (2)(a), a water pricing determination other than the first determination must provide for the day after the expiry of the existing determination to be the day the determination takes effect under section 170ZJ.

A water pricing determination must—

comply with section 170ZH; and

require the water supplier to adopt the pricing practices stated in the determination in carrying on the monopoly water supply activity; and

state a day by which the authority will give the water supplier a notice under section 170ZC for the next water pricing period.

The water pricing determination may impose requirements for any matter relating to the pricing practices that the authority considers appropriate.

Without limiting subsections (4) and (5), the water pricing determination may state the price, or the maximum allowed revenue, at or for which the water supplier must carry on the activity.

A water pricing determination made for a particular monopoly water supply activity at any time after the first water pricing determination is made for the activity must be made at least 1 month before the end of the existing determination.