The first joint water trading framework between the New South Wales and ACT governments is one step closer to finalisation.
Both jurisdictions are working closely together to develop a robust water trading framework that will help them meet their commitments to the Commonwealth’s Murray-Darling Basin Plan and deliver an extra 6.36GL of water to the environment.
Once in place, the framework will enable environmental water from the ACT to be released into the Murrumbidgee River in New South Wales through Burrinjuck Dam, supporting healthier rivers, ecosystems and communities.
Currently, there is no way that water can be transferred into New South Wales from the ACT under the Murrumbidgee Regulated River Water Source Water Sharing Plan, so the New South Wales Government is proposing to amend these rules by 1 July 2025.
Targeted information sessions and consultation that will provide more detail on the amendments to establish a water trading framework will be carried out in late February 2025.
New South Wales Minister for Water, Rose Jackson, said, “As a fellow signatory to the Murray-Darling Basin Plan, we want to support the ACT in meeting its environmental water targets and ensuring everyone is doing their bit to restore our rivers.
“The reality is the national capital is landlocked by our state, and they can’t deliver this water back to the system without our help.
“The proposed water trading framework will not only be good news for the environment – it will also allow us to explore how we can work together to improve access and support greater regional development in the future.”
ACT Minister for Water, Suzanne Orr, said that this is an important step that will benefit local waterways and fulfil the ACT Government’s commitment to return water to the system.
“Improving river flows within the Murrumbidgee River catchment not only helps support the Murray-Darlin Basin but also catchment health, the environment and regional communities,” Ms Orr said.
“I look forward to continuing to work closely with the New South Wales Government to progress this critical work.”
