50Determination of costs for requirements notices

50 Determination of costs for requirements notices

50 Determination of costs for requirements notices

(1) The registered operator must determine the costs of the following—

(a) the cost of water industry infrastructure that benefits or is available to the land, if the infrastructure is or will be constructed—

(i) by or on behalf of the registered operator or a predecessor of the registered operator, or

(ii) at the request of the registered operator or a predecessor of the registered operator, or

(iii) under an agreement with the registered operator or a predecessor of the registered operator,

(b) the cost of expanding the registered operator’s water industry infrastructure as a result of the development,

(c) the investment costs incurred by the registered operator or a predecessor of the registered operator and by developers in relation to the existing and proposed water industry infrastructure referred to in paragraphs (a) and (b).

(2) The registered operator must determine the costs under subsection (1)(a) based on net present value, historical cost or other appropriate basis.

(3) The registered operator may also have regard to expected operating costs and revenues in determining the costs under subsection (1)(a) if the registered operator considers it appropriate.