Identification and disclosure of cross-subsidies

In force

(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.

Regulations

This provision refers to the regulations (prescribed by regulation). Made under this Act:

21 more instruments made under this Act are listed on the Act’s overview.

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