Water Week

EWN Publishing

NWI Clause 77 risk-sharing formula, if available water is reduced in future and agreed by all governments and supported by farmers, says Minister Turnbull

Posted by waterweek on 14 September 2007

Any suggestion that clause 77 of the bill introducing the National Water Initiative (NWI), which talks about risk sharing, amounted to compulsory acquisition, showed a misunderstanding, said Malcolm Turnbull, Minister for the Environment and Water Resources, in the Federal House of Representatives on 14 August 2007.

Risk sharing is not acquisition: “The fact is that compulsory acquisition is ruled out in this bill,” the Minister said. “It is not part of the government’s policy, and we have made it express in the legislation that there is no power for compulsory acquisition. However, a central plank of the reforms under the National Water Initiative was to move from the old system of volumetric licences to water access entitlements that are a perpetual or ongoing share of the available resource. If the amount of water available in the future is reduced— and this is canvassed and contemplated in the NWI as a possibility—a risk-sharing formula applies to spread those risks between water users, the states and the Commonwealth. The bill achieves the codification of the Commonwealth’s NWI responsibilities for risk sharing. That is not acquisition. The legal status of water entitlements is not affected.”

Arrangements widely supported: “Importantly, through these arrangements, the government is meeting its NWI commitments,” Turnbull said. “These arrangements have been agreed to by all governments and are supported by farming organisations and farmers around Australia and have been ever since 2004. So, with respect to the member for Grayndler, he misunderstands the nature of the legislation and indeed the National Water Initiative itself.”

Reference: Malcolm Turnbull, Minister for the Environment and Water Resources, Federal Member for Wentworth, House of Representative, Commonwealth, 14 August 2007.

Erisk Net, 19/8/2007

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

 
%d bloggers like this: