Before becoming an Act, the Bill will now have to gain royal assent but it is expected to be law before the election on March 24.

On Monday, caucus voted to prioritise the legislation, to bring it up for debate and second reading.

The LNP supported the legislation but said it would bring in its own four-point plan if it won government.

A parliamentary committee tabled a report last Friday, two months before it was due, recommending the Bill be passed.

Redland City chief executive Gary Stevenson told the January full council meeting it was important the Bill was passed before the government went into caretaker mode on Sunday.

Mr Stevenson said the council needed to make decisions about the reintegration of its water distribution arm knowing the Gold Coast would pick up the bill.

Mr Stevenson’s comments were backed up by deputy premier Andrew Fraser yesterday who said the Bill would provide certainty to all residents of the Redlands, Logan and Gold Coast council areas.

Cleveland MP Mark Robinson (LNP) said the LNP had previously called on the government to hand back water retail and distribution to Redland Council.

"This measure was part of Campbell Newman's original four point water plan for SEQ, and should the LNP form government the four-point water plan will put a halt to Labor's high price water torture of Redlanders," Mr Robinson said.

The LNP Four Point Water Plan announced in 2011 is:

1) Amalgamate the four bulk water entities into one entity to reduce the cost of supplying water;

2) Hand back control of water distribution and retailing to councils who previously did a far better job of managing water resources than the Bligh Government;

3) Write off non-performing water grid assets to reduce sharp price rises; and

4) Adopt a 40-year price path to repay the Bligh Government's $7 billion water grid debt over the economic life of the assets, which will also reduce the cost of water.