Reflections on the ACCC Final Report (March 2021)
Four key observations have been observed from the report:
- 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.