Water trading—fair trading rights and obligations for irrigators, brokers and exchanges

Water brokers and exchanges play an important role in the market. The fair trading provisions of the Trade Practices Act 1974 (the TPA) and similar state / territory legislation require that businesses and individuals—including water brokers and exchanges—must not:

• engage in misleading or deceptive conduct
• make false or misleading representations
• accept payment if they are unable to deliver
• engage in unconscionable conduct
• use harassment or coercion.

The ACCC has created three guides to assist irrigators, brokers and exchanges to understand their fair trading rights and obligations. Links to each of the documents are available below.