$56 Million for Development Of A National Water Market System

Australia’s water market will be significantly strengthened following a $56 million investment by the Rudd Government to develop a faster, more efficient and nationally focused water market system, the Minister for Climate Change and Water, Senator Penny Wong, announced. “A key obstacle to further water market reform in Australia is  the considerable differences between water registers in each state and territory, and their varying capacity to inform the market and support interstate water trade,” Senator Wong said. “This initiative will develop a new National Water Market System that will deliver better, real time market information, much faster and more efficient transactions, and improved interstate trade,” Minister Wong said. Read More