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HE South Australian and
Victorian Governments have
come to an agreement about
water-sharing arrangements between
the two states and a High Court chal-
lenge has been averted.
SA initiated a challenge to push Vic
to lift the 4 per cent cap on water
trading. It had limited the amount of
water that could be traded out of Vic
The agreement gives SA the right to
purchase any water from Vic that may
be needed for critical human needs. It
will also provide SA with permanent
rights to store water in upstream stor-
age, such as Hume and Dartmouth
This additional storage capability,
together with the recent rainfall across
the Murray Darling Basin, means the
SA government can provide irrigators
with 100 per cent allocations next
A new carryover policy will also be
implemented in the 2012-13 financial
Carryover was introduced in SA
during the 2007-08 water year to
allow irrigators to store excess water
in times of drought.
SA Irrigators were informed last
December that the governments car-
ryover arrangements would end on
June 30 and they were given only
seven months to organise what they
would do with their excess water.
When the government announced
that the ability to carryover water
would be abolished, temporary water
prices fell and have subsequently
remained below $10 a megalitre
Carryover water win
with AMY CANE
Customer Relations Officer
RIVER Murray irrigators were finally granted 100 per cent allocations on July 1.
After nearly a decade of drought that ravaged South Australia and forced many
irrigators to sell-up and leave the industry, the breaking rains of 2010-11 have
brought the highest water flows into the State since 1975-76.
It means SA will receive its full River Murray entitlement flow of 1850 gigalitres
in 2011-12, and with the cessation of carryover arrangements on June 30 that kept
allocations to 67pc last financial year, 100pc allocations are now available.
"The State Government is consulting with the key stakeholders with a view to
establishing a new long-term carryover policy for all licensed water entitlements in
time for the 2012-13 water year," Water Minister Paul Caica said. A two-year stoush
between SA and Victoria about water trade restrictions also came to an end on
-- MALCOLM SUTTON
because of to high inflows into the
MDB and irrigators trying to sell excess
While the High Court action was
dropped, the legal challenge also
helped remove Vic's controversial 10pc
cap limit on water purchases by non-
landowners in late 2009.
Vic has also come to an agreement
with the Federal Government to allow
the purchase of water for the environ-
ment and to remove the remaining 4pc
annual cap by June 30, 2014.
Vic will now allow SA to buy water
outside the cap, but only for critical
human needs if SA faces another water
crisis before 2014.
Water Minister Tony Burke wel-
comed the settlement between the
states and suggested it would help
reform within the MDB.
Many factors have contributed to the
market price of allocation water this
season. We experienced the end of a
record-breaking 10-year drought,
which resulted in temporary water
trading of just $1/mgL in NSW, com-
pared with $100/mgL for the same
time last year.
Cross border allocation trading has
officially closed for this season.
SA irrigators have less than two
weeks to finalise their accounts and
transfer any allocation water necessary
to avoid being penalised.
There was an increase in applica-
tions to the Commonwealth's final
round of tenders for 2010-11, which
closed last week on June 17.
• Need to know more?
1300 737 228, 08 8362 9946, amy.cane@
Irrigators celebrate 100pc allocations
You can check the current temporary water prices any time you like via:
Percat's Spot Market Prices
Markets Closed Markets Closed
Markets Closed Markets Closed
NSW (General Security
without exit fees)
STORAGE LEVELS This Week Last Week
MDB Authority Storages
Blowering Reservoir (NSW)
Eildon Reservoir (Vic)
DISCLAIMER These facts and figures are based on information obtained by Percat Water Traders from
its own sources and from different water authorities. Readers should make their own enquiries about
prices and the information provided here. The information is not provided for investment purposes and
individual valuations are recommended.
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