The government should nationalize water companies by forcing them to declare the cost of fixing infrastructure as a liability, triggering insolvency and state-controlled asset seizure.

“If you want to do it, here's one way to do it. Government tonight could amend whatever bit of legislation's come through parliament. Tonight, I need to amend the audit regulations. So, I'm now going to force water companies to declare the cost of fixing all of this as a liability on their balance sh”