Turnbull plan to privatise urban-regional water authorities off the agenda until after federal election

It has been reported that the Federal Minister for Environment and Water Resources, Malcolm Turnbull, has failed to get Cabinet support for his planned $5.5 billion buy into and eventual privatisation of metropolitan and regional water authorities.
See link:
http://www.news.com.au/story/0,23599,22671368-29277,00.html

It appears that the Howard Government doesn't want to rock the water boat anymore during this Federal Election campaign.
Given its track record, this push against regional water authorities in particular will reactivate if a Coalition government is re-elected.
One has to worry about the eventual fate of North Coast Water and the possible loss of local control over this Clarence Valley Council business unit.