123Schedule of assets for which development contributions will be used

1. The schedule of assets contained in a water organisation’s development contributions policy must list—

2. each new asset, additional asset, asset of increased capacity, or programme of works for which the development contributions set out in the schedule of development contributions are intended to be used or have already been used; and
3. the estimated capital cost of each asset described in paragraph (a); and
4. the proportion of the capital cost that the water organisation proposes to recover through development contributions; and
5. the proportion of the capital cost that the water organisation proposes to recover from other sources.

6. The schedule must also include assets for which capital expenditure has already been incurred by a territorial authority or a water organisation in anticipation of development.

7. The schedule—

8. must list assets according to—
   1. the parts of the water organisation’s service area for which the development contribution is required; and
   2. each group of water services activities for which the development contribution is required; and
9. may list assets in logical and appropriate groups that reflect the intended or completed programmes of works or capacity expansion.

10. A water organisation may amend the schedule of assets at any time without consultation, formality, or a review of the schedule if—

11. the amendment is being made to reflect a change of circumstances in relation to an asset that is listed in the schedule or is to be added to the schedule; and
12. the amendment does not increase the total or overall development contribution that will be required to be made to the water organisation.

13. If the water organisation is satisfied that the schedule or any part of it is too large or impractical to print in hard copy form, the water organisation may—

14. provide the schedule in a publicly accessible electronic format; and
15. provide and maintain an electronic link from the development contributions policy to the schedule (if the policy is on the internet) or state where a hard copy of the schedule can be found and inspected.