4CObjectives of the Commission

4C Objectives of the Commission

The objectives of the Commission under this Act in relation to the regulated water industry are—

(a) wherever possible, to ensure that the costs of regulation do not exceed the benefits;

(b) to ensure that regulatory decision making and regulatory processes have regard to any differences between the operating environments of regulated entities;

(c) to ensure that regulatory decision making has regard to the health, safety, environmental sustainability (including water conservation) and social obligations of regulated entities.

S. 4D inserted by No. 48/2003 s. 3.