Beattie's water asset grab to strip revenues ...

Excerpt from the Courier Mail:

Dam takeover to hit Councils

23 August 2007

A confidential report warns that the State Government's takeover of dams will be a risky venture that robs councils of revenue and sends rates soaring.

The report, by PricewaterhouseCoopers, says the revenues of Brisbane, Caloundra, Gold Coast, Ipswich and Caboolture councils will be hard hit.

It says a water grab will jeopardise the financial sustainability of some councils and create a legal minefield if they challenge the takeover in the courts.
...

See - Beattie's privatisation push.