Labor uses Sunwater to squeeze farmers dry

Published:

Sunwater's annual report shows the utility has enjoyed a massive jump in revenue despite a drought in which Queensland irrigators are battling to stay in business.

As well as increased revenue, the annual report also shows the State Government-owned corporation has approved large CEO and corporate salary increases.

LNP Shadow Minister for Natural Resources Dale Last said Annastacia Palaszczuk should stop using farmers as cash cows.

"Water prices are skyrocketing and every cent Sunwater receives comes at the expense of water users who have to count every drop," Mr Last said.

"Annastacia Palaszczuk is ultimately responsible for a 56 per cent rise in the Sunwater executive team's pay – an income increase that most farmers can only dream of."

The annual report shows:

  • Sunwater posted revenue of $335 million from continuing operations in the 2018-19 financial year, an increase of 36 per cent from 2013-14 ($246 million), despite having roughly the same number of customers.
  • Operating expenses have grown rapidly, with the biggest increases including contracted services, which has risen by 158 per cent from $29million in 2013-14 to $75million in the last financial year.
  • In 2018-19 the salary of the Sunwater chief executive officer was $642,000 (including a cash bonus) – up $172,000 on the amount paid five years ago.
  • Sunwater's executive team have enjoyed a combined pay rise of 56 per cent over the same five years.
  • The board also voted to pay out the full dividend to shareholding ministers – Deputy Premier Jackie Trad and Natural Resources Minister Dr Anthony Lynham – ploughing irrigators' cash straight back to the Palaszczuk Labor Government.

Mr Last said the annual report also shows that skyrocketing electricity prices are putting pressure on Sunwater.

"Sunwater's report shows that its electricity costs have jumped by $5m in five years – an extraordinary admission that Labor's electricity rip-off is hurting the corporations it runs," Mr Last said.

"It's time the Palaszczuk Labor Government pulled Sunwater into line and showed they are fair dinkum about providing affordable water to our farmers and regional communities across Queensland.

"Labor should ensure Sunwater invests in water assets and dams while supporting lower water prices for farmers."

 2018-19 Sunwater annual report: https://www.sunwater.com.au/wp-content/uploads/Home/About/Publications/Annual_Report_18-19.pdf

2013-14 Sunwater annual report: https://www.sunwater.com.au/wp-content/uploads/Home/About/Publications/Annual_Report_13-14.pdf

 
Australian Government Business Business & Economy Community Political Primary Industries Queensland Government
Social:   

LNP : Liberal National Party :
PO Box 940, Spring Hill QLD 4004, Queensland Wide
07 3844 0666
07 3844 0388
LNP :  Liberal National Party
Showing 10+ recent articles for this business
Letter to the Editor by Tim Mander MP 17 February 2020 | The latest Queensland Auditor-General's report into the state finances reveals some home truths about Annastacia Palaszczuk and Jackie Trad's mishandling of the Queensland economy. More information...
Seafood industry needs coronavirus assistance plan 14 February 2020 | The LNP has called on the Labor Government to deliver an assistance package for Queensland's commercial fishing industry as the coronavirus threatens to deal a major economic blow. More information...
LNP gets tough on animal extremists 12 February 2020 | The LNP makes no apologies in going into bat to protect our farmers and their families from extreme animal activists who take advantage of Queensland's weak laws. More information...
Water price surges locked in for farmers 11 February 2020 | Queensland farmers will see substantial year-on-year water price increases after the Palaszczuk Labor Government locked in 'cost-reflective' pricing for water. More information...
Trad effect hits Queensland building industry 03 February 2020 | The latest ABS data released today has shown that home-building is slumping in Queensland – but increasing across the rest of nation. More information...
Labor backs foreign milk companies over Queenslanders 10 February 2020 | The decision of the French-owned food giant Lactalis to close down its Rockhampton factory and scale back production in South Brisbane straight after it was awarded a lucrative contract by Labor is a disgrace. More information...
LNP demands Parliamentary mine safety inquiry 06 February 2020 | The LNP has called for a full Parliamentary inquiry into safety in the Queensland resources industry following the release of Dr Sean Brady's report today. More information...
Labor must release secret gas royalty review 25 January 2020 | The Palaszczuk Labor Government needs to release its $100,000 secret review into gas royalties and rule out any further tax hikes in the upcoming state budget. More information...
Labor uses Sunwater to squeeze farmers dry 24 January 2020 | Sunwater's annual report shows the utility has enjoyed a massive jump in revenue despite a drought in which Queensland irrigators are battling to stay in business. More information...
Labor ignores mine safety overhaul 13 January 2020 | The Palaszczuk Labor Government must stop playing politics and put the wellbeing of miners first, following another fatal incident at a Queensland mine site. More information...


comments powered by Disqus

All articles submitted by third parties or written by My Sunshine Coast come under our Disclaimer / Terms of Service