Government Outlines Further Water Market Reforms
Source: Victoria. Minister for Water. Media Release
"The Brumby Government will legislate to remove the 10 per cent limit on the volume of Victorian water entitlements that can be owned without being associated with land. Water Minister Tim Holding said the Government had reviewed the 10 per cent Non-Water User Limit, taking into account community feedback through the Northern Region Sustainable Water Strategy’s consultation process. Having evaluated the limit and reviewed community feedback, we will now begin work immediately to legislate to remove the 10 per cent limit. The limit is not yet an obstacle to trade, but if it is reached in the 2009/10 irrigation season, it may cause problems for willing buyers and sellers.”