Finance Issues Steering Committee (FISC)
Puddle Account
The 2020 Puddle Account has been delivered. This marks the conclusion of a four year contract with PwC to prepare the Puddle Account. FISC has initiated planning for the 2021 Puddle Account which will involve a review of members’ objectives for the Puddle Account, scoping for a competitive RFQ and tendering process and the appointment…
Read MoreFinance Issues Steering Committee (FISC)
FISC met 4 June to progress a number of strategic finance projects in relation to accounting standards, the water industry asset valuation and the new Puddle Account contract (which will commence towards the end of 2020). During May, FISC coordinated an industry response to DELWP in relation to revised 2020 Corporate Plan requirements (due to…
Read MorePuddle Account
The Puddle Account for FY2020 was circulated on 14 April. Unfortunately the second VAGO review was delayed, due to the Coronavirus impacts on their operations, which ultimately delayed the final publication. FY2020 is the final year of the PwC contract to prepare the Puddle Account. At the meeting 23 April, the Finance Issues Steering Committee (FISC) formed a…
Read MoreFinance Issues Steering Committee update
The VicWater Finance Issues Steering Committee (FISC) met 23 April to discuss industry projects such as the 2021 Asset Valuation as well as COVID impacts on corporate planning requirements. The FISC Chair, Steven Waterhouse is leading an industry approach to managing uncertainty in financial forecasts in corporate plans.
Read MoreLand sales policy
VicWater is in contact with DELWP and DTF to clarify aspects of the transition to the new Government land sales policy. Water industry input will be coordinated via the VicWater Finance Issues Steering Committee.
Read MoreFinance Issues Steering Committee
The Finance Issues Steering Committee (FISC) met 13 February to progress priority projects including: updating the ESC accounting code, the National Tax Equivalence Regime, the Puddle Account, the 2021 Asset Valuation, Accounting Standards, and cost of debt.
Read MorePuddle account
VicWater circulated the first draft of 2020 Puddle Account prior to Christmas. The 2020 Puddle Account planning schedule provides two opportunities for water corporation feedback, during January and mid-February. The final Puddle Account is due to water corporations 28 February.
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