The Sydney Water Act 1994 and the Sydney Water Catchment Management Act 1998 require each organisation to have an operating licence. The Sydney Water Inquiry (SWI) recommended that the Operating Licences should be developed through a consultative and transparent process at arm’s length from SWC and SCA. The Inquiry recommended that the Independent Pricing and Regulatory Tribunal (IPART) should be requested to make recommendations to Government on the terms of:
· the initial Operating Licence for SCA; and
· an Operating Licence for SWC.