In December 1997, the Premier, under section 12(1)(a) of the Independent Pricing and Regulatory Tribunal Act, referred to the Tribunal a review of Sydney Water Corporation’s stormwater charges and expenditures.
On 1 November 2000, the NSW Government proclaimed the Independent Pricing and Regulatory Tribunal and Other Legislation Amendment Act, which transferred responsibility for regulating theOperating Licence from the Licence Regulator to the Independe