The ACCC is responsible for monitoring and reporting on certain water market and charging arrangements in the Murray-Darling Basin.
The Water Act 2007 (the Act) gives the ACCC responsibility for monitoring:
regulated water charges
compliance with the water charge rules and water market rules.
The ACCC is required to provide the minister (currently the Minister for Agriculture and Water) with reports on the results of its monitoring, consistent with an agreement between the minister and the ACCC. The purpose of the ACCC undertaking monitoring is to inform the minister and stakeholders more broadly about: regulated water charges; trends in termination, transformation; and trade, and the degree of compliance with the rules, in the Murray-Darling Basin.