Water market rules: position paper—July 2008

The Australian Competition and Consumer Commission (ACCC) has released its position paper seeking submissions on the development of water market rules. Consistent with Part 4 of the Water Act 2007, the Minister for Climate Change and Water, Senator Penny Wong, has written to the ACCC requesting advice on the water market rules.

The purpose of the water market rules is to free up the trade of water access rights within the Murray-Darling Basin. The rules will ensure that policies or administrative requirements of irrigation infrastructure operators holding a group water access entitlement on behalf of their member irrigators do not prevent or unreasonably delay trade.