s. 4C (b) the regulated water industry is a regulated industry. (2) For the purposes of the definition of regulated in the Essential Services Commission industry Act 2001, the regulated water industry is deemed to be operating under this Act. * * * * * S. 4B(3) amended by No. 85/2006 s. 173(Sch. 1 item 15.2), repealed by No. 50/2011 s. 5(2). S. 4C 4C Objectives of the Commission inserted by No. 48/2003 The objectives of the Commission under this Act s. 3. in relation to the regulated water industry are— (a) wherever possible, to ensure that the costs of regulation do not exceed the benefits; (b) to ensure that regulatory decision making and regulatory processes have regard to any differences between the operating environments of regulated entities; (c) to ensure that regulatory decision making has regard to the health, safety, environmental sustainability (including water conservation) and social obligations of regulated entities. S. 4D 4D Water Industry Regulatory Order inserted by No. 48/2003 (1) The Governor in Council may by Order— s. 3. (a) make a Water Industry Regulatory Order; (b) amend, vary or revoke the Water Industry Regulatory Order.
(b) the regulated water industry is a regulated industry. (2) For the purposes of the definition of regulated industry in the Essential Services Commission Act 2001, the regulated water industry is deemed to be operating under this Act. S. 4B(3) amended by No. 85/2006 s. 173(Sch. 1 item 15.2), repealed by No. 50/2011 s. 5(2). * * * * * S. 4C inserted by No. 48/2003 s. 3. s. 4C 4C Objectives of the Commission The objectives of the Commission under this Act in relation to the regulated water industry are— (a) wherever possible, to ensure that the costs of regulation do not exceed the benefits; (b) to ensure that regulatory decision making and regulatory processes have regard to any differences between the operating environments of regulated entities; (c) to ensure that regulatory decision making has regard to the health, safety, environmental sustainability (including water conservation) and social obligations of regulated entities. S. 4D inserted by No. 48/2003 s. 3. 4D Water Industry Regulatory Order (1) The Governor in Council may by Order— (a) make a Water Industry Regulatory Order; (b) amend, vary or revoke the Water Industry Regulatory Order.
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