2021 Water Industry Asset Revaluation

VicWater is coordinating an expert consultancy to update the 2015 asset valuation methodology and guidance in preparation for the 2021 valuation. The cost of this paid project will be shared among rural and regional urban water corporations.

The consultancy will be overseen by the Asset Valuation Working group which was formed by Finance Issues Steering Committee to oversee such projects and coordinate progress of the valuation across government and the water industry. The Working Group includes four water corporations (Barwon Water, Southern Rural Water, Goulburn Murray Water and Gippsland Water), DELWP, Department of Treasury and Finance, Victorian Auditor-General’s Office (VAGO) and Valuer-General Victoria (VGV). A detailed email update was issued to all Rural and Regional Urban Water Corporation CFOs on 24 March.