Common use of AGREEMENT ON PRINCIPLES Clause in Contracts

AGREEMENT ON PRINCIPLES. 3.1 The common objective of the Department and the Regulator is to “get water and sewerage services right for today’s and tomorrow’s consumer and taxpayer through good governance, that achieves the right balance of efficiencies, fairness, affordability, sustainability, value and quality”. 3.2 The principles agreed by the Department and the Regulator in drawing up this agreement are:  to ▇▇▇▇▇▇ mutual understanding and effective relations (as set out in the Partnership Agreement of October 2008) generally between the two bodies;  to work together pragmatically to ensure effective and efficient support and oversight of ▇▇▇ ▇▇▇▇▇▇▇▇▇▇’▇ delivery of water and sewerage services;  to ensure the ability to fulfil respective statutory functions is not hampered through action, or inaction by the other body.  to ensure that information is shared as appropriate to enable both bodies to carry out their respective functions in an efficient manner while minimising duplication of effort and reducing regulatory burdens on ▇▇▇ ▇▇▇▇▇▇▇▇▇▇.  to notify each other, when possible, in advance where there is a likelihood of significant announcements and developments in policy.

AGREEMENT ON PRINCIPLES. 3.1 The common objective of the Department and the Regulator is to “get water and sewerage services right for today’s and tomorrow’s consumer and taxpayer through good governance, that achieves the right balance of efficiencies, fairness, affordability, sustainability, value and quality”. 3.2 The principles agreed by the Department and the Regulator in drawing up this agreement are:  • to ▇▇▇▇▇▇ mutual understanding and effective relations (as set out in the Partnership Agreement of October 2008) generally between the two bodies;  • to work together pragmatically to ensure effective and efficient support and oversight of ▇▇▇ ▇▇▇▇▇▇▇▇▇▇’▇ delivery of water and sewerage services;  • to ensure the ability to fulfil respective statutory functions is not hampered through action, or inaction by the other body.  • to ensure that information is shared as appropriate to enable both bodies to carry out their respective functions in an efficient manner while minimising duplication of effort and reducing regulatory burdens on ▇▇▇ ▇▇▇▇▇▇▇▇▇▇.  • to notify each other, when possible, in advance where there is a likelihood of significant announcements and developments in policy.