INDUSTRY BACKGROUND
The National Water Commission was established in December 2004 as an independent statutory agency responsible for overseeing national water reform, by assisting to implement the National Water Initiative and investment in the Australian Water Fund.
The Water Services Association of Australia reports that, although the population of Australia's capital cities grew by 1.1% in 2006-07, water consumed by households was almost 3% less than in 2005-06. The decline in water use is largely the result of ongoing drought conditions, associated water restrictions and conservation efforts.
The Consumer Price Index relating to water and sewerage (weighted average of eight capital cities) indicates that prices for household consumers were 6.0% higher in 2006-07 than in 2005-06.