The submission argues for a priority to be placed on regulating the conduct of water brokers and intermediaries and improve trade processes and transparency.
A key principle is that any recommendations to amend policies should reflect sound water governance principles, not just to improve the market. Several options have been proposed to address these concerns which cannot be adequately evaluated without a cost-benefit analysis and clear understanding of the scale of the impact.
There are ongoing investigations into various aspects of the water market. There are also real problems that are longer term, complex and require extensive work, including market architecture and basin governance.