Title Water Bill 2007
Database Bills & Legislation
Long Title a Bill for an Act to make provision for the management of the water resources of the Murray-Darling Basin, and to make provision for other matters of national interest in relation to water and water information, and for related purposes
Date 08-08-2007
Source House of Reps
Parl No. 41
Bill Number 07151
Bill Type Government
Portfolio Environment and Water Resources portfolio
Reps Bill Code M
Status Act
System Id legislation/bills/r2856_act/0001


Water Bill 2007

 

 

 

 

 

 

Water Act 2007

 

No. 137, 2007

 

 

 

 

 

An Act to make provision for the management of the water resources of the Murray‑Darling Basin, and to make provision for other matters of national interest in relation to water and water information, and for related purposes

  

  

  


Contents

Part 1—Preliminary                                                                                                               2

Division 1—General                                                                                                      2

1............ Short title............................................................................................ 2

2............ Commencement.................................................................................. 2

3............ Objects................................................................................................ 3

4............ Definitions.......................................................................................... 4

5............ Referring States................................................................................. 20

6............ Planned environmental water............................................................ 23

7............ Infrastructure operators etc.............................................................. 24

8............ River flow control works.................................................................. 24

9............ Constitutional basis for Act............................................................. 25

10.......... Basis for Basin water charge, water trading and water market rules 26

11.......... Reading down provision in relation to the operation of sections 99 and 100 of the Constitution          27

12.......... Application to Crown etc................................................................. 28

13.......... The Native Title Act 1993 not affected............................................. 29

Division 2—Interaction between Commonwealth water legislation and State laws        30

14.......... Coverage of this Division................................................................. 30

15.......... Concurrent operation intended......................................................... 30

16.......... Commonwealth water legislation does not apply to matters declared by State law to be an excluded matter        31

17.......... Avoiding direct inconsistency arising between the Commonwealth water legislation and State laws     32

18.......... Regulations may modify operation of the Commonwealth water legislation to deal with interaction between that legislation and State laws.................................................................. 33

Part 2—Management of Basin water resources                                                 35

Division 1—Basin Plan                                                                                              35

Subdivision A—Introduction                                                                                   35

19.......... Simplified outline.............................................................................. 35

Subdivision B—Basin Plan, its purpose and contents                                        35

20.......... Purpose of Basin Plan...................................................................... 35

21.......... General basis on which Basin Plan to be developed......................... 36

22.......... Content of Basin Plan....................................................................... 38

23.......... Long‑term average sustainable diversion limits................................ 46

24.......... Temporary diversion provision........................................................ 47

25.......... Water quality and salinity management plan.................................... 48

26.......... Water trading and transfer rules........................................................ 49

27.......... Basin Plan to be published on Authority’s website......................... 50

Subdivision C—Environmental management                                                       50

28.......... Environmental watering plan............................................................ 50

29.......... Authority to consult holders and managers of environmental water in implementing environmental watering plan.......................................................................................................... 52

30.......... Environmental watering schedules.................................................... 52

31.......... Authority to coordinate delivery of environmental water................ 52

32.......... Authority to identify and account for held environmental water..... 52

Subdivision D—Effect of Basin Plan                                                                      53

33.......... Basin Plan is a legislative instrument................................................ 53

34.......... Effect of Basin Plan on Authority and other agencies of the Commonwealth        53

35.......... Effect of Basin Plan on other agencies and persons......................... 53

36.......... Constitutional operation of section 35 (general).............................. 54

37.......... Constitutional operation of section 35 (water trading rules)............ 55

38.......... Regulations may provide for exceptions.......................................... 56

39.......... Obligations under both Basin Plan and water resource plans........... 56

40.......... Effect on State laws.......................................................................... 57

Subdivision E—Procedure for making Basin Plan                                             57

41.......... Authority to prepare Basin Plan and give to Minister for adoption 57

42.......... Consultations by Authority in preparing Basin Plan....................... 57

43.......... Authority to seek submissions on proposed Basin Plan................. 57

44.......... Minister may adopt Basin Plan........................................................ 60

Subdivision F—Amendment of Basin Plan                                                           61

45.......... Authority may prepare amendment of Basin Plan........................... 61

46.......... Consultations by Authority in preparing amendment of Basin Plan 61

47.......... Authority to seek submissions on proposed amendment of Basin Plan 62

48.......... Minister may adopt amendment of Basin Plan................................ 64

49.......... Minor or non‑substantive amendments of Basin Plan..................... 65

Subdivision G—Review of Basin Plan                                                                   66

50.......... Review of Basin Plan—general......................................................... 66

51.......... Authority to prepare discussion paper and seek submissions......... 67

52.......... Review may lead to amendment of Basin Plan................................. 69

Division 2—Water resource plans for particular water resource plan areas      70

Subdivision A—Introduction                                                                                   70

53.......... Simplified outline.............................................................................. 70

Subdivision B—Water resource plans                                                                  70

54.......... Water resource plans for water resource plan areas......................... 70

55.......... Content of water resource plan........................................................ 71

56.......... General basis for accrediting and making water resource plans........ 71

Subdivision C—Effect of a water resource plan                                                   72

57.......... Water resource plan adopted under section 69 is a legislative instrument               72

58.......... Effect of water resource plan on Authority and other agencies of the Commonwealth          72

59.......... Effect of water resource plan on other agencies and bodies............. 72

60.......... Constitutional operation of section 59 (general).............................. 73

61.......... Constitutional operation of section 59 (water trading rules)............ 74

62.......... Regulations may provide for exceptions.......................................... 75

Subdivision D—Accrediting water resource plans prepared by Basin States 75

63.......... Accrediting water resource plans prepared by Basin States............ 75

64.......... Duration of accreditation.................................................................. 77

65.......... Accrediting amendments of accredited water resource plans........... 78

66.......... Accrediting minor or non‑substantive amendments of accredited water resource plans         80

67.......... Authority may assist Basin State to prepare water resource plan... 80

Subdivision E—Water resource plans prepared by Authority and adopted by Minister    80

68.......... Minister may request Authority to prepare water resource plan.... 80

69.......... Minister may adopt water resource plan......................................... 82

70.......... Duration of plan adopted under section 69...................................... 84

Subdivision F—Reporting obligations                                                                   84

71.......... Reporting obligations of Basin States............................................... 84

Division 3—Procedures to be followed before taking step‑in action 86

72.......... Scope of Division............................................................................. 86

73.......... Procedure to be followed before exercising step‑in power............... 86

Division 4—Allocation of risks in relation to reductions in water availability    91

Subdivision A—Risks arising from reductions in diversion limits                91

74.......... Simplified outline.............................................................................. 91

75.......... Basin Plan to specify Commonwealth share of reduction in long‑term average sustainable diversion limit           92

76.......... Commonwealth to manage Commonwealth share of reduction in diversion limit   93

77.......... Payments to water access entitlement holders................................. 94

78.......... Applying Subdivision when transitional or interim water resource plan ends        97

79.......... Regulations....................................................................................... 98

Subdivision B—Risks arising from other changes to Basin Plan                  98

80.......... Simplified outline.............................................................................. 98

81.......... Basin Plan to specify certain matters if Plan results in change in reliability of water allocations           99

82.......... Commonwealth to manage Commonwealth share of change in reliability               100

83.......... Payments to water access entitlement holders............................... 101

84.......... Applying Subdivision when transitional or interim water resource plan ends        105

85.......... Regulations..................................................................................... 105

86.......... Operation of Subdivision................................................................ 106

Part 3—Audits by National Water Commission                                                107

87.......... Power to conduct audits................................................................. 107

88.......... When audits must be conducted..................................................... 107

89.......... Reports on audits........................................................................... 107

90.......... Tabling reports............................................................................... 107

Part 4—Basin water charge and water market rules                                      108

Division 1—Water charge rules                                                                          108

91.......... Regulated water charges.................................................................. 108

92.......... Water charge rules........................................................................... 109

93.......... Process for making water charge rules............................................ 112

94.......... Constitutional operation of water charge rules............................... 113

95.......... ACCC to monitor water charges and compliance........................... 114

96.......... Minister may formulate model water charge rules......................... 114

Division 2—Water market rules                                                                         115

97.......... Water market rules.......................................................................... 115

98.......... Process for making water market rules........................................... 117

99.......... Constitutional operation of water market rules.............................. 118

100........ ACCC to monitor compliance........................................................ 119

Part 5—Murray‑Darling Basin Water Rights Information Service       120

101........ Registrable water rights.................................................................. 120

102........ Registers to which this Part applies............................................... 120

103........ Murray‑Darling Basin Water Rights Information Service.............. 120

Part 6—Commonwealth Environmental Water Holder                                 122

Division 1—Establishment and functions                                                      122

104........ Establishment................................................................................. 122

105........ Functions........................................................................................ 122

106........ Limitation on disposal of water and Commonwealth environmental water holdings              123

107........ Limitation on directions to Commonwealth Environmental Water Holder             124

108........ Meaning of Commonwealth environmental water holdings........... 124

109........ Operating rules............................................................................... 125

110........ Application of State laws to the Commonwealth Environmental Water Holder     125

Division 2—Environmental Water Holdings Special Account            127

111........ Establishment of the Environmental Water Holdings Special Account 127

112........ Credits of amounts to the Account................................................ 127

113........ Purpose of the Account.................................................................. 128

Division 3—Reporting requirements                                                               129

114........ Annual report................................................................................. 129

Division 4—Appointment, staff and delegation                                          130

115........ Appointment.................................................................................. 130

116........ Staff................................................................................................ 130

117........ Delegation....................................................................................... 130

Part 7—Water information                                                                                            131

Division 1—Application of this Part                                                                  131

118........ Geographical application of this Part............................................. 131

119........ Application of this Part limited to certain legislative powers........ 131

Division 2—Functions and powers of the Bureau and Director of Meteorology              132

120........ Additional functions of the Bureau................................................ 132

121........ Contents of the National Water Account....................................... 132

122........ Publishing water accounts.............................................................. 132

123........ Publishing water information.......................................................... 133

Division 3—Water information                                                                            134

124........ Object of this Division................................................................... 134

125........ Meaning of water information etc.................................................. 134

126........ Giving of water information to the Bureau..................................... 134

127........ Director of Meteorology may require water information............... 135

128........ Prohibitions on disclosure of information do not apply................ 136

129........ Ownership etc. of information unaffected by its disclosure.......... 136

Division 4—National Water Information Standards                                 137

130........ National Water Information Standards........................................... 137

131........ Adoption of other standards.......................................................... 137

132........ Consultations in preparing National Water Information Standards 138

133........ Compliance notices......................................................................... 138

Division 5—Miscellaneous                                                                                    139

134........ Delegation by Director of Meteorology......................................... 139

135........ Directions by Minister................................................................... 139

Part 8—Enforcement                                                                                                         140

Division 1—Preliminary                                                                                          140

136........ Contraventions to which this Part applies..................................... 140

137........ Appropriate enforcement agency for contraventions to which this Part applies    140

138........ References to Court........................................................................ 140

139........ Jurisdiction of Federal Magistrates Court...................................... 141

Division 2—Injunctions                                                                                           142

140........ Injunctions for contravention of the Act, regulations or rules........ 142

141........ Discharge or variation of injunctions.............................................. 143

142........ Certain considerations for granting injunctions not relevant.......... 143

143........ Powers conferred are in addition to other powers of the Court..... 144

Division 3—Declarations                                                                                        145

144........ Declarations of contravention......................................................... 145

145........ Discharge or variation of declarations............................................. 145

Division 4—Civil penalties                                                                                    146

Subdivision A—Civil penalty orders                                                                    146

146........ Civil penalty provisions................................................................. 146

147........ Court may order person to pay pecuniary penalty for contravening civil penalty provision                146

148........ Contravening a civil penalty provision is not an offence............... 147

149........ Persons involved in contravening civil penalty provision.............. 148

150........ Recovery of a pecuniary penalty................................................... 148

Subdivision B—Civil penalty proceedings and criminal proceedings           148

151........ Civil proceedings after criminal proceedings.................................. 148

152........ Criminal proceedings during civil proceedings................................ 148

153........ Criminal proceedings after civil proceedings.................................. 149

154........ Evidence given in proceedings for penalty not admissible in criminal proceedings 149

Division 5—Infringement notices                                                                      150

155........ Object............................................................................................. 150

156........ When an infringement notice can be given...................................... 150

157........ Matters to be included in an infringement notice........................... 150

158........ Amount of penalty......................................................................... 151

159........ Withdrawal of an infringement notice............................................. 152

160........ Paying the penalty in accordance with the notice.......................... 152

161........ Effect of this Division on civil proceedings.................................... 152

162........ Regulations..................................................................................... 153

Division 6—Enforceable undertakings                                                           154

163........ Acceptance of undertakings relating to contraventions to which this Part applies 154

164........ Enforcement of undertakings.......................................................... 155

Division 7—Enforcement notices                                                                      156

165........ Authority may issue an enforcement notice................................... 156

166........ Breach of enforcement notice—civil penalty provision................. 157

167........ Discharge or variation of enforcement notices................................ 158

Division 8—Liability of executive officers of corporations                  159

168........ Civil penalties for executive officers of bodies corporate............... 159

169........ Did an executive officer take reasonable steps to prevent contravention?              159

Division 9—Conduct of directors, employees and agents                    161

170........ Conduct of directors, employees and agents.................................. 161

Part 9—Murray‑Darling Basin Authority (administrative provisions) 164

Division 1—Authority’s establishment, functions, powers and liabilities             164

171........ Establishment................................................................................. 164

172........ Authority’s functions..................................................................... 164

173........ Authority’s powers........................................................................ 167

174........ Authority’s financial liabilities are Commonwealth liabilities........ 167

175........ Minister may give directions to Authority.................................... 167

Division 2—Authority’s constitution and membership                          169

Subdivision A—Authority’s constitution                                                            169

176........ Authority’s constitution................................................................ 169

Subdivision B—Authority’s membership                                                           169

177........ Authority’s membership................................................................ 169

178........ Appointment of Authority members............................................. 169

179........ Period of appointment for Authority members............................. 171

180........ Acting Authority members............................................................. 171

Subdivision C—Terms and conditions for Authority members                      173

181........ Remuneration.................................................................................. 173

182........ Standing obligation to disclose interests......................................... 173

183........ Obligation to disclose interests before considering a particular matter 173

184........ Chair must keep Minister informed............................................... 174

185........ Outside employment...................................................................... 175

186........ Member of the governing body of a relevant interest group.......... 175

187........ Leave of absence............................................................................. 175

188........ Resignation..................................................................................... 175

189........ Termination of appointment.......................................................... 176

190........ Other terms and conditions............................................................ 176

Division 3—Decision‑making and delegation by Authority                 177

Subdivision A—Meetings                                                                                      177

191........ Holding of meetings........................................................................ 177

192........ Presiding at meetings...................................................................... 177

193........ Quorum........................................................................................... 177

194........ Decisions at meetings etc................................................................ 178

195........ Conduct of meetings....................................................................... 178

196........ Minutes.......................................................................................... 178

Subdivision B—Decisions without meetings                                                     178

197........ Decisions without meetings............................................................ 178

198........ Record of decisions......................................................................... 179

Subdivision C—Delegation                                                                                    179

199........ Delegation by Authority................................................................ 179

200........ Limits on how some functions and powers can be delegated......... 180

Subdivision D—Advisory committees                                                                  180

201........ Basin Officials Committee.............................................................. 180

202........ Basin Community Committee........................................................ 181

203........ Other advisory committees............................................................ 183

204........ Appointments to advisory committees.......................................... 183

205........ Procedural matters.......................................................................... 184

Division 4—Authority’s staff etc.                                                                       185

206........ Staff................................................................................................ 185

207........ Persons assisting Authority........................................................... 185

208........ Chair not to be directed about certain matters................................ 185

Division 5—Finance and reporting requirements                                     186

Subdivision A—Murray‑Darling Basin Special Account                                186

209........ Murray‑Darling Basin Special Account......................................... 186

210........ Credits to the Account................................................................... 186

211........ Purposes of the Account................................................................ 186

Subdivision B—Authority may charge fees                                                       187

212........ Fees................................................................................................. 187

Subdivision C—Exemption from taxation and charges etc.                             188

213........ Exemption from taxation and charges etc....................................... 188

Subdivision D—Reporting requirements                                                           188

214........ Annual report................................................................................. 188

Division 6—Confidentiality                                                                                    190

215........ Confidentiality................................................................................ 190

Part 10—Murray‑Darling Basin Authority (special powers)                     192

Division 1—Application of this Part                                                                  192

216........ Application of this Part limited to certain legislative powers........ 192

Division 2—Entry onto land etc.                                                                         194

Subdivision A—Authorised officers                                                                    194

217........ Appointment of authorised officers............................................... 194

218........ Identity cards.................................................................................. 194

Subdivision B—Powers to enter land etc. other than for compliance purposes   195

219........ When authorised officers can enter premises................................. 195

220........ Obligations of authorised officers before entering premises........... 195

221........ Powers of authorised officers while on premises........................... 196

222........ Duties of authorised officers.......................................................... 197

Subdivision C—Powers to enter land etc. for compliance purposes              198

223........ Entering premises to monitor compliance...................................... 198

224........ Entering premises to search for evidential material........................ 198

225........ Monitoring warrants....................................................................... 200

226........ Contravention‑related warrants...................................................... 200

227........ Contravention‑related warrants by telephone, telex, fax etc.......... 201

228........ Obligations of authorised officers—all cases.................................. 203

229........ Obligations of authorised officers—entry by consent................... 204

230........ Obligations of authorised officers—entry by warrant................... 204

231........ Use of equipment at premises........................................................ 205

232........ Expert assistance to operate a thing............................................... 205

233........ Compensation for damage.............................................................. 206

234........ Offences relating to warrants.......................................................... 207

235........ Subdivision does not apply to authorised officers who are contractors  208

Subdivision D—Other matters                                                                             208

236........ Division not to abrogate privilege against self‑incrimination.......... 208

237........ Occupier entitled to be present during entry.................................. 208

Division 3—Information gathering                                                                    209

238........ Power to request information......................................................... 209

239........ Prohibitions on disclosure of information do not apply................ 210

Part 11—Transitional                                                                                                        211

Division 1—Management of Basin water resources (Part 2)              211

240........ Reference to water resource plan area............................................ 211

241........ Transitional water resource plans................................................... 211

242........ Interim water resource plans.......................................................... 212

243........ Transitional water resource plans taken to have been accredited... 212

244........ Interim water resource plans taken to have been accredited........... 213

245........ Operation of transitional water resource plans and interim water resource plans   213

246........ Amendment of transitional water resource plans and interim water resource plans               214

247........ Authority may provide assistance................................................. 214

Division 2—Commonwealth Environmental Water Holder                 216

248........ The functions of the Commonwealth Environmental Water Holder prior to Basin Plan taking effect   216

249........ Disposals of water or Commonwealth water holdings prior to Basin Plan taking effect        216

Division 3—Murray‑Darling Basin Authority                                              217

250........ First annual report for Authority................................................... 217

Part 12—Miscellaneous                                                                                                  218

251........ Delegation by Minister................................................................... 218

252........ Instruments not invalid for failure to publish on website.............. 219

253........ Review of operation of Act............................................................ 219

254........ Compensation for acquisition of property..................................... 220

255........ Act does not authorise compulsory acquisition of water access rights 220

256........ Regulations..................................................................................... 221

Schedule 1—The Murray‑Darling Basin                                           222

Schedule 2—Basin water charging objectives and principles              223

Part 1—Preliminary                                                                                                           223

1............ Objectives and principles............................................................... 223

Part 2—Water charging objectives                                                                           224

2............ Water charging objectives............................................................... 224

Part 3—Water charging principles                                                                            225

3............ Water storage and delivery............................................................. 225

4............ Cost recovery for planning and management.................................. 226

5............ Environmental externalities............................................................. 226

6............ Benchmarking and efficiency reviews............................................. 226

Schedule 3—Basin water market and trading objectives and principles 228

1............ Definitions...................................................................................... 228

2............ Objectives and principles............................................................... 228

3............ Basin water market and trading objectives..................................... 229

4............ Basin water market and trading principles..................................... 229

Schedule 4—Transitional water resource plans                        233

 


 

 

 

Water Act 2007

No. 137, 2007

 

 

 

An Act to make provision for the management of the water resources of the Murray‑Darling Basin, and to make provision for other matters of national interest in relation to water and water information, and for related purposes

[Assented to 3 September 2007]

The Parliament of Australia enacts:


Schedule 1—The Murray‑Darling Basin

Note:       See section 4.

  

                The map set out in this Schedule delineates the boundaries of the Murray‑Darling Basin but does not show all of the water resources within the Murray‑Darling Basin that are covered by this Act.


Schedule 2—Basin water charging objectives and principles

Note:       See section 4.

Schedule 3—Basin water market and trading objectives and principles

Note:       See section 4.

  

  

1  Definitions

                   In this Schedule:

exchange rate means the rate of conversion to be applied to water to be traded from one trading zone and/or jurisdiction to another.

trading zones means zones established to simplify administration of a trade by setting out the known supply source or management arrangements and the physical realities of relevant supply systems within the zone so that trade can occur within and between zones without first having to investigate and establish the details and rules of the system in each zone.

water access entitlement tagging means an accounting approach that allows a water access entitlement that is traded from one jurisdiction or trading zone to another jurisdiction or trading zone to retain its original characteristics when traded to the new jurisdiction or trading zone (rather than being converted into a form issued in the new jurisdiction or trading zone).

2  Objectives and principles

                   This Schedule sets out:

                     (a)  the Basin water market and trading objectives; and

                     (b)  the Basin water market and trading principles.

Note 1:       These objectives and principles are relevant to the formulation of:

(a)           the provisions of the Basin Plan (see item 12 of the table in subsection 22(1)); and

(b)           the provisions of water management plans for particular water resource plan areas (see subsection 22(3)); and

(c)           the provisions of the water market rules (see paragraph 97(1)(b)).

Note 2:       These objectives and principles are based on those set out in clauses 58 to 63 and Schedule G of the National Water Initiative when Part 2 of this Act commences.

3  Basin water market and trading objectives

                   The objectives of the water market and trading arrangements for the Murray‑Darling Basin are:

                     (a)  to facilitate the operation of efficient water markets and the opportunities for trading, within and between Basin States, where water resources are physically shared or hydrologic connections and water supply considerations will permit water trading; and

                     (b)  to minimise transaction cost on water trades, including through good information flows in the market and compatible entitlement, registry, regulatory and other arrangements across jurisdictions; and

                     (c)  to enable the appropriate mix of water products to develop based on water access entitlements which can be traded either in whole or in part, and either temporarily or permanently, or through lease arrangements or other trading options that may evolve over time; and

                     (d)  to recognise and protect the needs of the environment; and

                     (e)  to provide appropriate protection of third‑party interests.

4  Basin water market and trading principles

             (1)  This clause sets out the Basin water market and trading principles.

             (2)  Water access entitlements may be traded either permanently, through lease arrangements, or through other trading options that may evolve over time, if water resources are physically shared or hydrologic connections and water supply considerations would permit water trading.

             (3)  All trades should be recorded on a water register. Registers will be compatible, publicly accessible and reliable, recording information on a whole of catchment basis, consistent with the National Water Initiative.

             (4)  Restrictions on extraction, diversion or use of water resulting from trade can only be used to manage:

                     (a)  environmental impacts, including impacts on ecosystems that depend on underground water; or

                     (b)  hydrological, water quality and hydro‑geological impacts; or

                     (c)  delivery constraints; or

                     (d)  impacts on geographical features (such as river and aquifer integrity); or

                     (e)  features of major indigenous, cultural heritage or spiritual significance.

             (5)  A trade may be refused on the basis that it is inconsistent with the relevant water resource plan.

             (6)  Trades must not result in the long‑term annual diversion limit being exceeded. That is, trades must not:

                     (a)  cause an increase in commitments to take water from water resources or parts of water resources; or

                     (b)  increase seasonal reversals in flow regimes;

above sustainable levels identified in relevant water resource plans such that environmental water or water dependent ecosystems are adversely affected.

             (7)  Trades within overallocated water resources (including ground water resources) may be permitted in some cases subject to conditions to manage long‑term impacts on the environment and other users.

             (8)  Where necessary, water authorities will facilitate trade by specifying trading zones and providing related information such as the exchange rates to be applied to trades in water allocations to:

                     (a)  adjust for the effects of the transfer on hydrology or supply security (transmission losses) or reliability; and

                     (b)  reflect transfers between different classes of water resources, unregulated streams, regulated streams, supplemented streams, ground water systems and licensed runoff harvesting dams.

             (9)  Water trading zones, including ground water trading zones, should be defined in terms of:

                     (a)  the ability to change the point of extraction of the water from one place to another; and

                     (b)  the protection of the environment.

The volume of delivery losses in supplemented systems that provide opportunistic environmental flows will be estimated and taken into account when determining the maximum volume of water that may be traded out of a trading zone.

           (10)  Exchange rates must not be used to achieve other outcomes such as to alter the balance between economic use and environmental protection or to reduce overall water use.

           (11)  Trade in water allocations may occur within common aquifers or surface water flow systems consistent with water resource plans.

           (12)  Trade from a licensed runoff harvesting dam (that is, not a small farm dam) to a river may occur subject to:

                     (a)  a reduction in dam capacity consistent with the transferred water access entitlement; or

                     (b)  retention of sufficient capacity to accommodate evaporative and infiltration losses; or

                     (c)  conditions specified in water resource plans to protect the environment.

           (13)  Compatible institutional and regulatory arrangements will be pursued to improve intrastate and interstate trade, and to manage differences in entitlement reliability, supply losses, supply source constraints, trading between systems and cap requirements.

           (14)  The transfer of water allocations and entitlements will be facilitated (where appropriate) by water access entitlement tagging, water access entitlement exchange rates or other trading mechanisms that may evolve over time.

           (15)  Institutional, legislative and administrative arrangements will be introduced to improve the efficiency and scope of water trade and to remove barriers that may affect potential trade.

           (16)  Barriers to permanent trade out of water irrigation areas up to an annual threshold limit of 4% of the total water entitlement of that area will be immediately removed, subject to a review by 2009 by the National Water Commission under paragraph 7(2)(h) of the National Water Commission Act 2004, with a move to full and open trade by 2014 at the latest.

           (17)  Subject to this clause, no new barriers to trade will be imposed, including in the form of arrangements for addressing stranded assets.


Schedule 4—Transitional water resource plans

Note:       See section 241.

  

Transitional water resource plans

Item

Plan (Basin State)

Date plan ceases to have effect

1

Water Resource (Warrego, Paroo, Bulloo and Nebine) Plan 2003 (Queensland)

1 September 2014

2

Water Resource (Moonie) Plan 2003 (Queensland)

1 September 2014

3

Water Resource (Border Rivers) Plan 2003 (Queensland)

1 September 2014

4

Water Resource (Condamine and Balonne) Plan 2004 (Queensland)

1 September 2014

5

Angas Bremer Prescribed Wells Area Water Allocation Plan (South Australia)

2 January 2013

6

Mallee Prescribed Wells Area Water Allocation Plan (South Australia)

21 December 2012

7

River Murray Prescribed Watercourse Water Allocation Plan (South Australia)

1 July 2014

8

Noora Prescribed Wells Area Water Allocation Plan (South Australia)

2 January 2013

9

Tenterfield Creek Water Source 2003—Water Sharing Plan (New South Wales)

1 July 2014

 

10

Macquarie and Cudgegong Regulated Rivers Water Source 2003—Water Sharing Plan (New South Wales)

1 July 2014

 

11

Castlereagh River above Binnaway Water Source 2003—Water Sharing Plan (New South Wales)

1 July 2014

 

12

Lower Macquarie Groundwater Sources 2003—Water Sharing Plan (New South Wales)

30 June 2017

13

Gwydir Regulated River Water Source 2002—Water Sharing Plan (New South Wales)

1 July 2014

 

14

Rocky Creek, Cobbadah, Upper Horton and Lower Horton Water Source 2003—Water Sharing Plan (New South Wales)

1 July 2014

 

15

Lower Gwydir Groundwater Source 2003—Water Sharing Plan (New South Wales)

30 June 2017

16

Lachlan Regulated River Water Source 2003—Water Sharing Plan (New South Wales)

1 July 2014

 

17

Mandagery Creek Water Source 2003—Water Sharing Plan (New South Wales)

1 July 2014

 

18

New South Wales Murray and Lower Darling Regulated Rivers Water Sources 2003—Water Sharing Plan (New South Wales)

1 July 2014

 

19

Upper Billabong Water Source 2003—Water Sharing Plan (New South Wales)

1 July 2014

 

20

Lower Murray Groundwater Source—Water Sharing Plan (New South Wales)

30 June 2017

21

Murrumbidgee Regulated River Water Source 2003—Water Sharing Plan (New South Wales)

1 June 2014

22

Adelong Creek Water Source 2003—Water Sharing Plan (New South Wales)

1 June 2014

23

Tarcutta Creek Water Source 2003—Water Sharing Plan (New South Wales)

1 July 2014

 

24

Lower Murrumbidgee Groundwater Sources 2003—Water Sharing Plan (New South Wales)

30 June 2017

25

Upper Namoi and Lower Namoi Regulated River Water Sources 2003—Water Sharing Plan (New South Wales)

1 July 2014

26

Phillips Creek, Mooki River, Quirindi Creek and Warrah Creek Water Sources 2003—Water Sharing Plan (New South Wales)

1 July 2014

27

Upper and Lower Namoi Groundwater Sources 2003—Water Sharing Plan (New South Wales)

30 June 2017

 

[Minister’s second reading speech made in—

House of Representatives on 8 August 2007

Senate on 15 August 2007]

(151/07)