WATER TRADING ELEMENTS
A water licence stipulates how much water can be taken out of a river system, and is often aligned with a property.
Currently, Government appointed Water Authorities allocate the amount of water that can be taken from a river system as a percentage.
Government appointed Water Authorities provide specific trading rules that govern licence in relation to their licences.
Water User Needs
Water users identify specific volumes of water that they require for the irrigation season.
Water markets facilitate the trading of water between two parties. Waterfind provides the most extensive water markets in Australia.
TEMPORARY | PERMANENT | FORWARD
There are different types of water trade which are explained, including:
- TEMPORARY WATER TRADE
- PERMANENT WATER TRADE
- FORWARD WATER TRADE
Although temporary transfers are solely transfers of allocation between New South Wales and Victoria, Queensland and South Australia both have the means of transferring an entitlement on a temporary basis, whereby the water is transferred for the current irrigation season and the purchaser is the beneficiary of any increase in allocation from the date of the transfer.
The purchaser will retain the parcel and receive any allocation granted upon it from the date of the transfer indefinitely or until the time at which they sell the entitlement.