The following letter to the editor was published in the Canberra Times on Jan 24th.
E. J. Reeves (Letters, January 21) has reason to worry about the privatisation of ICONWater.
The ACT government is encouraged by the federal government to “recycle assets”, which means sell public assets to private concerns.
Of the seven directors of ICONWater, only one has any qualification connected to water delivery. Most have a finance or economics background.
The government is under continual pressure from mainstream economic, media and political advisers to privatise public assets.
Some members of the ICONWater Community Consultative Forum have listened to the ideas on water tariffs suggested by the Independent Commission on Regulation and Competition and are concerned.
In response, we are forming an ACT Water Rewards Co-op of ICONWater customers to address the tariff issues and to provide an alternative for the government to the recycling of assets.
The co-op will ensure our water resources remain in community hands, bring fairer water tariffs while making our water assets available as collateral for investment loans from customers in the water using community.
We will be discussing the Co-op with both ICONWater and the government over the next few weeks. In the meantime, anyone who is interested can search for ACT Water Rewards on Facebook and follow the group.
Kevin Cox, Ngunnawal