On 7 August 2019 the Government announced that it would direct the ACCC to conduct an inquiry into markets for tradeable water rights in the Murray-Darling Basin. The ACCC will be asked to recommend options to enhance markets for tradeable water rights, including options to enhance their operations, transparency, regulation, competitiveness and efficiency.
The ACCC’s inquiry will consult with a wide range of water market participants and other persons involved in water markets in the Murray-Darling Basin. Information about consultation opportunities, including public hearings and how to make a submission to the inquiry, will be made available on this webpage soon.
An issues paper will be released in mid-October 2019, with submissions due by late November 2019.
Public forums will be held during November 2019. Specific details about the location and timing of public forums will be published in due course.
The ACCC must give the Treasurer an interim report on the inquiry by 31 May 2020 and complete the inquiry and provide a report to the Treasurer by 30 November 2020.