In: Accounting
Consider the Sydney Water Corporation. It supplies water to the urban and greater Sydney region. Please complete the following task in relation to Sydney Water:
Required
Please identify two plausible prevention, appraisal, internal failure and external failure environmental costs that Sydney Water may incur.
SYDNEY WATER OR FORMALLY, SYDNEY WATER CORPORATION, IS A NEW SOUTH WALES GOVERNMENT–OWNED STATUTORY CORPORATION THAT PROVIDES POTABLE DRINKING WATER, WASTEWATER AND SOME STORMWATER SERVICES TO GREATER METROPOLITAN SYDNEY, THE ILLAWARRA AND THE BLUE MOUNTAINS REGIONS, IN THE AUSTRALIAN STATE OF NEW SOUTH WALES.
THE FOREBEARS OF SYDNEY WATER INCLUDE:
· BOARD OF WATER SUPPLY AND SEWERAGE (1888 – 1892)[1]
· METROPOLITAN BOARD OF WATER SUPPLY AND SEWERAGE (1892 – 1925)[1]
· METROPOLITAN WATER SEWERAGE AND DRAINAGE BOARD (1925 – 1987)[2]
· WATER BOARD (1987 – 1994)[2] WHICH HAD ALSO BEEN THE COLLOQUIAL NAME FOR THE ORGANISATION FOR MUCH OF ITS HISTORY IN THE 20TH CENTURY, AND PERSISTS AMONG LONGER TERM EMPLOYEES AND OLDER MEMBERS OF THE COMMUNITY TO THIS DAY
· SYDNEY WATER CORPORATION LIMITED (1995 – 1999)[3]
· SYDNEY WATER CORPORATION (1999 – PRESENT) – WITH "LIMITED" BEING DROPPED WHEN THE CORPORATION CHANGED FROM A STATE-OWNED LIMITED COMPANY TO A STATUTORY STATE-OWNED CORPORATION.
PREVENTION:
ALL CONNECTIONS TO OUR WATER AND RECYCLED WATER PIPES MUST BE PROTECTED WITH BACKFLOW PREVENTION CONTAINMENT DEVICES. THIS INCLUDES FIRE SERVICE CONNECTIONS.
APPRAISAL:
WSAA SAKU APPRAISAL; SYDNEY WATER (NSW) RMS (NSW) GOLD COAST WATER (QLD) VICROADS (VIC) BARWON WATER (VIC) ACTEWAGL (ACT) CITY WEST WATER (VIC) SOUTH EAST WATER (VIC) HUNTER WATER (NSW) WATER CORPORATION (WA) TYPICAL APPLICATIONS; TRAFFICABLE CABLE ENCLOSURES; DISCREET SOLUTIONS; FIRE RATED COVERS; EN 124 COMPLIANT COVERS; CASE STUDIES; OTHER ACO PRODUCTS. EXTERNAL DRAINAGE. MORE THAN 85% OF GREATER SYDNEY’S WATER SUPPLY RELIES ON RAIN. THIS MEANS THAT OUR WATER IS IN SHORT SUPPLY DURING PROLONGED DROUGHTS. WATER RESTRICTIONS LIMIT HOW AND WHEN WE USE DRINKING WATER OUTDOORS AND HELP REDUCE DEMAND WHEN WE’RE NOT GETTING ENOUGH RAIN.
INTERNAL FAILURE:
WITH IMPROVED PIPE FAILURE PREDICTION, SYDNEY WATER IS NOW WORKING WITH THE UNIVERSITY OF TECHNOLOGY SYDNEY (UTS) TO DEVELOP THREE INNOVATIVE ROBOTIC TOOLS TO IMPROVE METHODS FOR PIPE CONDITION ASSESSMENT. DIFFERENT SENSORS CAN BE CONNECTED TO THE ROBOTS TO DETECT KEY PARAMETERS FOR PIPE PERFORMANCE, SUCH AS WALL THICKNESS.
EXTERNAL FAILURE ENVIRONMENTAL COSTS:
SYDNEY WATER’S IN-HOUSE EXPERTS ARE COLLABORATING WITH THE WORLD’S LEADING UTILITIES, EXTERNAL RESEARCH ORGANISATIONS AND UNIVERSITIES. PIPE FAILURE PREDICTION RESEARCH . IN COLLABORATION WITH AUSTRALIAN UTILITIES, UWKIR AND WATERRF, SYDNEY WATER LED A VERY SUCCESSFUL RESEARCH AND INNOVATION PROJECT ON PIPE FAILURE PREDICTION