Author : J. V. Hodgkinson F. C. A. Chartered
Accountant : Aug 2006 to November 2013
The principal thrust of this
This is my review based on official
statistics and documents. It is done in conjunction with Ron McMah, grazier
of Imbil and Trevor Herse, retired of the Gold Coast
The consequence of the lack of understanding of how inflow into our occurs, is insufficent water and much higher water bills.
The Gold Cost information is indicative. Allconnex has now been rejected by the Councils but the expressions still hold good.
Mr Kim Woods CEO of Allconnex water was reported as follows: Drought breaking rain was "unfortunate and regrettable". He went on to say "Queenslanders have been getting their water too cheap for too long and should get ready to pay much more".
He further said "The State Government had bravely tackled the drought by investing $9 billion in the South East Water Grid - but "unfortunately it rained"".
Minister Robertson is quoted in the Gold Coast Bulletin as saying there is $407 million (a year) borne by the State Government yet to be passed on. This is not surprising as $9,000,000,000 being Mr Wood's view of the cost of the water grid at a favourable interest rate of 5 per cent requires financing of $450,000,000 each year. Click to view progress of Gold Coast water charges
We understand why Mr Woods was insistent that we should get ready to pay much more.
The residents of South East Queensland are beginning to understand that it was the lack of diligence on the part of those in charge that created this water shortage and, as a consequence, very high water bills.