Water Week

EWN Publishing

Murray Darling Basin temporary trading of allocation water from licences upstream of ‘Barmah choke’, to downstream users, until 15 December 2007

Posted by waterweek on 28 September 2007

The states, through the Murray Darling Basin Commission, have generally agreed to a temporary suspension of the rule that banned the temporary trading of allocation water from licences upstream of the Barmah choke to downstream users In the current circumstances, it was agreed that there was a need to widen the market in temporary trade and make water as freely tradeable as possible. Initially, suspension of the rule will last until 15 December 2007.

The rules of the exception:

• when the resource situation improves and trading would present a delivery problem, the previous trading prohibition rule will be reinstated;

• however, all trades up to that date will be honoured;

• water in accounts may be traded;

• however, in the case of critical water any unused water should be carried over to the next month.

Inter-valley and inter-state trading was available. In the Murrumbidgee Valley, water was re-credited to accounts and a 60 per cent high security allocation was made. South Australia and Victoria have also made water available that may be purchased by users in NSW.
Contact Department of Water and Energy: Shoshana Lenthen t 0437 670 360

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