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
Premier getting tested for COVID-19 17 September 2020 | Reports that Annastacia Palaszczuk has been tested for COVID-19 have raised concerns about the Premier’s recent regional travel schedule. More information...
Labor delivers more jobs pain for Queensland 17 September 2020 | Shocking unemployment figures, which show Queensland has the second worst unemployment rate in the nation, have been released by the Australian Bureau of Statistics today. More information...
LNP training plan to secure jobs for young Queenslanders 17 September 2020 | Boosting training opportunities that lead to jobs is a key part of the LNP’s plan to cut unemployment and ensure young people can get a job and get ahead on the Sunshine Coast. More information...
Queenslanders at risk of losing out in minor party power sham 09 September 2020 | More than 200,000 Queensland families are at risk of losing access to the solar bonus scheme, after a motion was supported by Katter’s Australia Party, One Nation and North Queensland First. More information...
Labor's smoke and mirrors can't hide rural fire cuts 09 September 2020 | The LNP has accused the Palaszczuk Labor Government of using smoke and mirrors to hide cuts to Queensland's rural fire brigades. More information...
Bushfire Royal commission interim report backs LNP's plan 02 September 2020 | The Australian Government's Royal Commission into National Natural Disaster Arrangements interim report has highlighted opportunities for improvements that line up with the LNP's 10-point Bushfire Mitigation... More information...
Labor must release secret mine safety report 02 September 2020 | The LNP is demanding the Palaszczuk Labor Government release its report on the Grosvenor mine explosion and safety in Queensland’s resources industry. More information...
LNP will secure future of Noosa Landcare 01 September 2020 | An LNP Government will help to secure the future of Noosa and District Landcare, the party’s Shadow Environment Minister David Crisafulli announced today. More information...
LNP Statement on new cross-border medical unit 31 August 2020 | “The creation of a new unit and hotline to deal with cross-border medical emergencies and specialist treatment confirms that Labor has failed patients. More information...
Queensland unemployment worst in nation 26 August 2020 | A record 234,800 Queenslanders are now officially out of work and on the jobless queue. 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