(1)  Each financial year, the Corporation is to pay the Minister a fee for a water allocation on a licence transferred to it by a Regional Corporation that was transferred to that Regional Corporation by a bulk water authority.

(2)  The amount of the fee is the lesser of the following amounts:

(a) the product of 26.38 fee units and the number of megalitres of water that the Corporation takes under the water allocation to supply to its customers during the relevant financial year (excluding any water that the Minister accepts is intended for irrigation);

(b) the prescribed maximum.

(3)  In this regulation –

bulk water authority means Hobart Water (ABN 95 327 914 139), Esk Water (ABN  41 913 557 456) and Cradle Coast Water (ABN 44 792 170 681);

Corporation has the same meaning as in the Water and Sewerage Corporation Act 2012 ;

CPI figure for Hobart means the Consumer Price Index: All Groups Index Number for Hobart published by the Australian Statistician under the authority of the Census and Statistics Act 1905 of the Commonwealth;

prescribed maximum means –

(a) for the financial year ending on 30 June 2019  – $2 672 200.00; and

(b) for the financial year ending on 30 June 2020  – $2 672 200.00 indexed in accordance with the average CPI figure for Hobart for the 4 quarters ending on 31 December 2019; and

(c) for a subsequent financial year, the prescribed maximum for the financial year ending on 30 June immediately preceding that subsequent financial year, indexed in accordance with the average CPI figure for Hobart for the 4 quarters ending on 31 December in that subsequent financial year;

Regional Corporation has the same meaning as in the Water and Sewerage Corporation Act 2012 .