Business SA has made its final submission to the Independent State Water Price Inquiry regarding the valuation of SA Water’s regulated asset base (RAB), which impacts approximately two-thirds of the potable water price. We have continued to argue the importance of the Inquiry adequately considering South Australia’s obligations under the National Water Initiative (NWI), and interstate precedent, in relation to how the RAB should be valued. Again, we have raised the need for pre-corporatisation legacy and contributed assets to be appropriately adjusted for. Business SA now awaits the Inquiry’s final determination by June 30, 2019. Given the impact of high potable water prices on South Australia businesses, particularly water intensive food/beverage manufacturers and agri-businesses, this will be a very important outcome.
Business SA lobbies on behalf of members to ensure the voice of South Australian business is heard and that we achieve the best environment in which to do business. A significant part of that lobbying effort is through written submissions we make to all levels of government and other organisations such as utility companies, either in response to formal reviews of for example, legislation, or proactively where we wish to progress a particular issue not high enough on the government’s agenda. This might include submissions before the State Budget or where say, the government is reviewing options to reduce red-tape. We also make regular submissions to the Fair Work Commission to advocate the interests of our members with respect to Modern Awards and other industrial matters.
Business SA’s policy team relies heavily on member input into our submissions to ensure that we have the most comprehensive and current perspective from members for any position we take on your behalf. So if you are asked to complete a survey, speak with a policy team member on the phone or participate in a member forum, we appreciate your involvement as it all helps to strengthen the case of business.
Date Published: May 2019
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