The Independent Pricing and Regulatory Tribunal of New South Wales (the Tribunal) determines the charges which the Department of Land and Water Conservation (DLWC) can set for services relating to the delivery of bulk water. The Tribunal’s role is to set the maximum prices DLWC can charge for these services, in accordance with Section 12(1) of the Independent Pricing and Regulatory Tribunal Act, 1992.

In its last determination, the Tribunal set prices for 1998/99 and 1999/2000 to give stakeholders greater certainty at a time when DLWC was separating its resource management and operator functions, while improving its information cost base. At that time, the Tribunal projected prices for 2000/01 to demonstrate progress towards the Council of Australian Governments’ (COAG) target of full cost recovery by 2000/01.