Who will have to prepare GPWARs?
GPWARs will have to be prepared by any entity deemed to be a ‘water reporting entity’. A ‘water reporting entity’ is a ‘water entity’ that has users dependent on the preparation of GPWARs in order to assist with decision-making. A ‘water entity’ is a very broad concept which encompasses any entity that interacts with water (geographic or otherwise). The WACF consists of a Preface, and 8 Statements of Water Accounting Concepts (SWACs). SWAC 1 – Definition of a Water Reporting Entity formally defines these terms. SWAC 1 para. 10 defines a ‘water entity’ as: a physical entity, an organisation or individual, which: (a)holds or transfers water, or rights or other direct or indirect claims to water; or (b)has inflows and/or outflows of water; or (c)has responsibilities relating to the management of water. SWAC 1 para. 11 defines a ‘water reporting entity’ as: a water entity in respect of which it is reasonable to expect the existence of users who depend on general purpose water accounting re
