The Great Queensland Water Merger

The Queensland Government announced yesterday that it will merge Seqwater, LinkWater and the SEQ Water Grid Manager, and will abolish the Queensland Water Commission. While the details of this proposal and its implications are still being worked through (including what will replace these entities), this is likely to impact significantly on major customers, suppliers and contractors who are currently working, or planning to undertake work with any of these affected entities. The reforms are due to be implemented by the end of this year.

What does this mean for you?

If you are currently a customer, contractor or supplier to any of the affected entities, you should now:

• Contracts: Identify all contracts you may have with an affected entity and any assets to which they relate. Review all such contracts with a specific focus on the following provisions:
  1. assignment, novation and change of control;