The SEQ Region's Water Business 1 (WB1) will be an integrated distribution and retail business.

WB1 will be owned by councils as shareholders. The five council shareholders include:

• Brisbane City Council
• Ipswich City Council
• Lockyer Valley Regional Council
• Scenic Rim Regional Council
• Somerset Regional Council

The new business will be a separate legal entity with a new name and brand. It will be responsible for water delivery, wastewater transport and treatment, recycled water treatment and supply, operations and maintenance, new infrastructure, and retail services including billing and customer service.

The new business will:
• service a population of around 1,243,467;
• service dwellings of around 516,713; and
• have approximately $4 billion in assets.