20 - 21 May 2021
Finance & Risk stream presented by TCV
Thursday 20 May 2021
Finance and Risk has been an important part of VicWater for many years, and our line-up of presentations on Thursday touches on some of the topics we are currently exploring. From the role of finance, to carbon offsets, regulatory obligations, measuring affordability, tackling cybersecurity and an update on our post-Covid economy, hear from industry experts, with metropolitan, regional and rural perspectives.
You will also have an opportunity to connect with like-minded peers and discover how to join or find out more about our working groups including the VicWater Finance Issues Steering Committee (FISC).
Session 1 : How can finance fully embrace its enabling role for our organisations?
This experienced panel will share ideas and experiences in what a truly enabling finance group looks like, and the opportunities and challenges of taking up this role.
11.00am - 11.45am Thursday 20 May
Session 2 : Zero Carbon: What Does this mean for our Finances?
This session will examine a range of strategies for water corporations to eliminate their carbon emissions and what they mean for water corporation finances, the dynamic policy and regulatory environment that influences those strategies, all in the context of the global decarbonisation agenda.
11.45am - 12.30pm Thursday 20 May
Session 3 : TCV delivers Victorian Economic Update
Emma Lawson will deliver an overview of the post-pandemic Victorian economy: what’s changed, what’s working and where to next for the local economy.
Victoria’s economy has been hit relatively harder from the pandemic than other states, but is also now rebounding strongly. The pandemic has created challenges and changed population dynamics but has rebuilt savings, and households are back out in force.
1.30pm - 2.15pm Thursday 20 May
Session 4 : Measuring Affordability
The Victorian water industry is leading the way in providing affordable customer services and support customers experiencing hardship. In this session, we consider the broader insights into customer affordability and best practices in customer concession support.
An expert panel will engage with you on this critical issue: Ciara Sterling, CEO of Thriving Communities Partnership, Evelyn Rodrigues of Water Services Association of Australia (WSAA), and Rebecca Law of the South Australian Council of Social Service (SACOSS).
2.15pm - 3.00pm Thursday 20 May
Session 5: Detecting and responding to cybersecurity incidents
The number of cybersecurity breaches have continuously risen in the last few years. Globally, several water corporations have experienced dangerous Cybersecurity breaches in 2021. The Yarra Valley Water Cybersecurity team has partnered with Deloitte Managed Services to implement a unique, industry leading combination of technologies and processes dedicated to the continuous protection against cybersecurity threats.
In this session, George Abraham, Head of Cyber Security at Yarra Valley Water (YVW) will speak about the technologies and the processes in place to detect and respond to cybersecurity incidents in the Operational Technology (OT) Environment.
3.30pm - 4.15pm Thursday 20 May
Session 6 : Providing affordable water in a complex governance environment
In this session panelists Tristram Smith, David Heeps, Gareth Kennedy and Jon Theobald will identify the ways in which our water corporations have effectively managed the growing governance complexity prevailing upon their businesses to minimise impacts on affordable water services, and the price to customer.
We will examine how:
- Westernport Water have traced the increasing compliance requirements since PS1 and identified operational areas to manage these obligations
- South East Water has built an effective structure for compliance within its organisation that demonstrates good practice
Taking these two exemplars from metropolitan and regional contexts, we will discuss how we can, as an industry, continue to build on these models to ‘regulate’ the increasing governance responsibilities faced by our sector.
4.15pm - 5.00pm Thursday 20 May