Three Waters reform has become a lightning rod for dissent in provincial New Zealand. There's the not so small matter of the Government confiscating the water assets communities have built up over generations. In past times you'd ring the mayor and get it fixed. Local water companies with a steady income stream exploiting economies of scale across a region to get things built and maintained is eminently sensible. Local councils would own shares in their local water company according to the assets they contribute and importantly, directly appoint directors to the company boards.

Source: New Zealand Herald June 25, 2022 02:16 UTC