Regulation Impact Statement: National Water Initiative pricing principles
The National Water Initiative (NWI) pricing principles are the subject of consideration in this Regulation Impact Statement.
The NWI was agreed by the Commonwealth and state and territory jurisdictions at the Council of Australian Governments meeting in June 2004, except Tasmania, who joined in June 2005, and Western Australia, who joined in April 2006. The NWI is the national blueprint for water reform in Australia. It represents a shared commitment by governments to increase the efficiency of Australia's water use, leading to greater certainty for investment and productivity, for rural and urban communities, and for the environment.
The objective of the NWI pricing principles is to assist jurisdictions (the Commonwealth and state and territory governments) to achieve consistency in water charges as required by paragraph 65(iii) and 67 of the NWI. The set of principles for recycled water and stormwater reuse have been developed to assist states and territories meet NWI paragraph 66(ii) commitment to develop pricing policies for recycled water and stormwater reuse that are congruent with pricing policies for potable water.
This regulation impact statement follows the requirements as set out in the Council of Australian Governments Best Practice Regulation Guidelines, A Guide for Ministerial Councils and National Standard Setting Bodies (October 2007).