WSAA welcomes the opportunity to provide a submission to the Independent Pricing and Regulatory Tribunal (IPART) Review of Financeability Test 2018.
WSAA has consistently argued that it is in the long term interests of consumers to include tests of financial viability and sustainability (financeability) of water utilities in the regulatory framework. Identifying emerging financial viability problems before they become critical can avoid price shocks to customers.
IPART’s framework provides a rigorous approach to assessing financial viability and is a significant improvement on current approaches. The Final Report will be released by IPART in November 2018.