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Bill
- Schedule 1—Water recovery and Basin Plan Delivery
- Schedule 2—Amendment of the Basin Plan 2012
- Schedule 3—Water Markets measures
- Schedule 4—Amendment of the Basin Plan 2012 relating to various water markets measures
- Schedule 5—Technical amendments relating to First Ministers’ Council
- Schedule 6—Consequential amendments
2022-2023
The Parliament of the
Commonwealth of Australia
Presented and read a first time
Water Amendment (Restoring Our Rivers) Bill 2023
No. , 2023
(Environment and Water)
A Bill for an Act to amend the Water Act 2007 , and for related purposes
Contents
1............ Short title............................................................................................ 1
2............ Commencement.................................................................................. 1
3............ Schedules............................................................................................ 3
Schedule 1—Water recovery and Basin Plan Delivery 4
Part 1—Review dates 4
Water Act 2007 4
Part 2—Water for the Environment Special Account 5
Water Act 2007 5
Part 3—Purchase cap 8
Water Act 2007 8
Part 4—SDL changes and action plans 9
Division 1—Ensuring that SDL changes pass through to water resource plans 9
Water Act 2007 9
Division 2—Action plans 9
Water Act 2007 9
Schedule 2—Amendment of the Basin Plan 2012 11
Basin Plan 2012 11
Schedule 3—Water Markets measures 29
Part 1—Water Markets Intermediaries Code 29
Water Act 2007 29
Part 2—Water markets decisions and insider trading 49
Water Act 2007 49
Part 3—Market manipulation and additional insider trading provisions 60
Water Act 2007 60
Part 4—Data and Systems Measures 68
Water Act 2007 68
Schedule 4—Amendment of the Basin Plan 2012 relating to various water markets measures 84
Part 1—Amendments relating to tagged water entitlements 84
Basin Plan 2012 84
Part 2—Amendments relating to water markets information 85
Basin Plan 2012 85
Part 3—Amendments of the Basin Plan 2012 relating to water announcements and insider trading 86
Basin Plan 2012 86
Schedule 5—Technical amendments relating to First Ministers’ Council 87
Water Act 2007 87
Schedule 6—Consequential amendments 88
Part 1—Consequential amendments relating to the Water Markets Intermediaries Code 88
Competition and Consumer Act 2010 88
Water Act 2007 89
Part 2—Consequential amendments relating to water announcements and insider trading 95
Competition and Consumer Act 2010 95
Water Act 2007 95
Part 3—Consequential amendments relating to water markets information 98
Water Act 2007 98
A Bill for an Act to amend the Water Act 2007 , and for related purposes
The Parliament of Australia enacts:
This Act is the Water Amendment (Restoring Our Rivers) Act 2023 .
(1) Each provision of this Act specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.
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Commencement information |
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Column 1 |
Column 2 |
Column 3 |
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Provisions |
Commencement |
Date/Details |
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1. Sections 1 to 3 and anything in this Act not elsewhere covered by this table |
The day this Act receives the Royal Assent. |
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2. Schedule 1 |
The day after this Act receives the Royal Assent. |
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3. Schedule 2 |
The day after this Act receives the Royal Assent. |
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4. Schedule 3, Part 1 |
A day to be fixed by Proclamation. However, if the provisions do not commence before 1 July 2025, they commence on that day. |
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5. Schedule 3, Part 2 |
A day to be fixed by Proclamation. However, if the provisions do not commence before 1 July 2026, they commence on that day. |
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6. Schedule 3, Part 3 |
A day to be fixed by Proclamation. A Proclamation must not specify a day that occurs before the commencement of the provisions covered by table item 5. However, if the provisions do not commence before 1 July 2026, they commence on that day. If the provisions covered by table item 5 commence on the same day as the provisions covered by this table item, the provisions covered by this table item commence immediately after the commencement of the provisions covered by table item 5. |
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7. Schedule 3, Part 4 |
1 July 2024. |
1 July 2024. |
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8. Schedule 4, Part 1 |
1 July 2024. |
1 July 2024. |
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9. Schedule 4, Part 2 |
1 July 2024. |
1 July 2024. |
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10. Schedule 4, Part 3 |
At the same time as the provisions covered by table item 5. |
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11. Schedule 5 |
The day after this Act receives the Royal Assent. |
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12. Schedule 6, Part 1 |
At the same time as the provisions covered by table item 4. |
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13. Schedule 6, Part 2 |
At the same time as the provisions covered by table item 5. |
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14. Schedule 6, Part 3 |
1 July 2024. |
1 July 2024. |
Note: This table relates only to the provisions of this Act as originally enacted. It will not be amended to deal with any later amendments of this Act.
(2) Any information in column 3 of the table is not part of this Act. Information may be inserted in this column, or information in it may be edited, in any published version of this Act.
Legislation that is specified in a Schedule to this Act is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this Act has effect according to its terms.
Note: The provisions of the Basin Plan 2012 amended or inserted by this Act, and any other provisions of that instrument, may be amended or repealed by a legislative instrument prepared and adopted under Division 1 of Part 2 of the Water Act 2007 : see subsection 13(5) of the Legislation Act 2003 .