This document provides the ACCC’s advice to the MDBA on the operation of the 12.02 provisions, which form Chapter 12 of the Basin Plan 2012 (Cth). On 1 June 2020, the ACCC provided its advice to the MDBA on the operation of the 12.02 provisions.
On 3 March 2020, the Murray-Darling Basin Authority (MDBA) requested the ACCC provide its advice on the operation of sub-sections 12.02(2) to (4) of the Basin Plan water trading rules (the 12.02 provisions), to inform its review of these provisions as required under the Basin Plan 2012 (Cth). The ACCC provided this advice to the MDBA on 1 June 2020.
Water markets in the Murray-Darling Basin need major changes to allow for open, fair and efficient water trading that benefits water users, communities and the economy, the ACCC has found.
The ACCC released an interim report on 30 July 2020. To provide stakeholders’ sufficient time to provide their submissions, the closing date for submissions was extended to 30 October 2020.
The ACCC commissioned two reports to assist its analysis of water markets for the interim report.
The ACCC is responsible for enforcing the Water Market Rules.
The ACCC released an issues paper on 17 October 2019 seeking views on the key issues affecting markets for tradeable water rights in the Murray-Darling Basin. Submission to the issues paper closed 29 November 2019.
The ACCC is responsible for enforcing the Water Charge Rules.
On 3 April 2019 the Minister amended the rules, including combining the three sets of rules into the Water Charge Rules 2010.