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Tiaki Wai Welcomes Commerce Commission Consultation

Tiaki Wai, the new water organisation for Hutt Valley, Porirua and Wellington, welcomes the Commerce Commission setting out theadditionalregulationit is considering for the new water organisation.

Tiaki Wai Board Chair Will Peet says the consultation documents released today by the Commerce Commission set outa number ofproposals toprovide for scrutiny of asset management,plannedexpenditure, and information disclosure to providetransparency. It is also consulting on performance requirements.

“We welcome Commerce Commission scrutiny as it will help give our communities confidence that we aremanaging our assets and finances effectively and efficiently.”

“We are acutely aware of the importance of every dollar of customers’ money and have a strong focus on delivering value for money.The independent, professional oversight of the Commerce Commission willprovide transparency for our communities.”

“We will be looking at what’s proposed in detail and responding to the Commerce Commission,” says Mr Peet.

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