Home | Reflections On The ACCC Final Report (March 2021)

Reflections On The ACCC Final Report (March 2021)

Since August 2019 the ACCC has inquired into markets for tradeable water rights in the Murray–Darling Basin. The 700+ pages of the ACCC's final report, released on 26 March 2021, is the most comprehensive review by an Australian Government on water market reform since the National Water Initiative in 2004.

The report highlights 29 recommendations to the Treasurer of the Australian Government that are considered by the ACCC as important to improve the operation of the Australian Water Market. At a high level, 27 of those recommendations are Governance or Government improvement related, and only 2 are water market service provider related (2 & 3).

Waterfind CEO and Founder, Tom Rooney, outlines four key observations from the report in his own reflections:

  • the inquiry is not in itself ‘reform’ but a recommendation of reform.
  • the report recognises the value of Australian Water Markets to the water / irrigation sector as well as the broader Australian Economy.
  • the report does not recommend the removal of involvement from speculators / investors in the Australian Water Market and instead, supports their involvement and importance.
  • that the structure and design of recommendations regarding water market regulation creates a strong environment for potential inaction from Federal and State Governments to adopt the ACCC recommendations.

We invite you to read my reflections on the ACCC final report, as well as Waterfind’s submission to the inquiry and our submissions analysis

Click here to read the full report

Related News & Updates

Subscribe to Newsletter
New Goulburn to Murray Trade Rules
On Wednesday 15 June, The Minister for Water Lisa Neville announced the new permanent trade and operating rules for the Goulburn to Murray. The goal is to keep flows lower over summer and autumn, while not increasing delivery risk for irrigators. These rules will come into effect from 1 July 2022. Waterfind has summarised the
Read more
Australian Water Tender: Week 10 Summary
Week 10, the final week of the Australian Water Tender, has now finished. A total of 5 trades have been made this week in the Australian Water Tender for an aggregated volume of approximately 62 ML and a combined value of over $260,000. This was largely thanks to trading in the Hunter Valley and Border Rivers Region. Below
Read more
Australian Water Tender: Week 9 Summary
Week 9, the penultimate week of the Australian Water Tender, has now finished. A total of 3 trades have been made this week in the Australian Water Tender for an aggregated volume of approximately 248 ML and a combined value of over $1.01 million. This was largely thanks to trading in the South Australian Murray Class 3 market.
Read more
Australian Water Tender: Week 8 Summary
1/06/2022 Week 8 of the Australian Water Tender has now finished. A total of 9 trades have been made this week in the Australian Water Tender for an aggregated volume of approximately 358.5ML and a combined value of over $2.6 million. This was largely thanks to trading in the Murrumbidgee High Security and Zone 7 Victorian Murray High
Read more
1 2 3 4

Contact a Water Market Specialist today to discuss your water requirements or trade online 24/7 on our live Water Market.

Register for Water market
crosscross-circle