Water markets

A key objective of water reform in Australia is the establishment of efficient water markets.

Water market, termination fee rules

The Minister for Climate Change and Water signed the Water market rules and Water charge (termination fee) rules in June 2009.

Water trading

Water trading, within and between states, is proving very effective in reallocating scarce water supplies, and is a centrepiece of national water reform.

Market performance

Monitoring the performance of water markets is central to ensuring their efficient and effective operation, and the subsequent benefits to the economy and water supplies.

Allocations and entitlements

Ongoing water access entitlements and seasonal water allocations form the basis of water trading, and are an important element of water reform in Australia.