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’s inquiry will consult with a wide range of water market participants and other persons involved in water markets in the Murray-Darling Basin.
Interim report and final report
The date for the ACCC to provide an interim report on the Inquiry was extended from 31 May 2020 to 30 June 2020. The ACCC provided the Murray-Darling Basin Inquiry interim report to the Treasurer on 30 June 2020 and it was released to the public on 30 July 2020.
The ACCC is seeking further feedback from stakeholders in response to the issues raised in the interim report, including through seeking submissions. Information on how to make a submission is available on the ACCC consultation hub at: Murray-Darling Basin water markets inquiry - interim report.
To provide stakeholders’ sufficient time to provide their submissions, the closing date for submissions has been extended to 30 October 2020.
On 3 September 2020, the Treasurer directed that the date for the ACCC to provide a final report to the Treasurer be extended to 26 February 2021.