Water Dictionary
The water dictionary contains definitions of specific water terms and acronyms. Either search for a particular water term or browse the entire dictionary.
The dictionary also displays state specific or jurisdictional terms on entitlements and trade terminology. Use the jurisdictional tabs within the dictionary to compare terms between states.
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Featured term
lower bound pricing
The level at which to be viable, a water business should recover, at least, the operational, maintenance and administrative costs, externalities, taxes or tax equivalent regimes (not including income tax), the interest cost on debt, dividends (if any) and make provision for future asset refurbishment/replacement. Dividends should be set at a level that reflects commercial realities and stimulates a competitive market outcome.
Disclaimer
The National Water Commission will make reasonable endeavours to ensure the accuracy and currency of this document.
However, the information contained within this material should be verified by users, with the relevant state and local authorities.
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