Water Industry Competition Act 2006 No 104
85 Licence auditing functions
(1) IPART’s functions under this Division are to monitor, and to
report to the Minister on, the extent to which licensed network operators and
licensed retail suppliers comply, or fail to comply, with the conditions
imposed on the licences held by them.
(2) In particular, IPART is to review each licence at intervals of not
more than 5 years, and at such other times as the Minister may direct, with
the first 5-year review commencing on the fifth anniversary of the granting of
(3) A report with respect to such a review may include recommendations
as to the variation or revocation of existing licence conditions or the
imposition of new licence conditions.