QWC - water privatisation by 2010 ...

That's the aim of Qld Labor government arm, the QWC.

Excerpt from the Gold Coast Bulletin:

The Water Commission has also recommended the Government allow full retail contestability by 2010, which means the councils, through the retail companies they have been forced to set up, would then have to compete with a private company to sell water.

See - $4b splash and grab.

Beattie and Bligh duck and dodge the question but the Qld government's view is now pretty clear ...