The Northern Victoria Resource Manager has announced that the risk of spill from Victoria's share of Hume and Dartmouth is more than 50%. Consequently net trade from NSW to Victoria is currently not permitted under trading limits, made on 21 November 2012 in order to protect third parties and the environment.

Read more: Net trade from NSW to Victoria

Some new information on water use trends in northern Victoria over the last ten years is now available here.

This includes information on tracking use against Murray-Darling Basin caps, and a map of changes in water use in Goulburn-Murray Water's irrigation districts.

A discussion paper is now available highlighting some of the trade-offs to consider in making carryover decisions. It uses some simple case studies to illustrate some of the financial costs and benefits of decisions to carry over or trade unused allocation in different scenarios.

pdfDownload PDF Understanding the trade-offs associated with carryover decisions (PDF - 307 Kb)

More information on carryover is available in questions and answers here.

A new version of the carryover calculator for 2013/14 is now available. This updated calculator includes the new cap on carryover that applies on the Goulburn and Campaspe this year and on the Murray from June 2014.

Click on the icon below to try the new calculator.

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Some videos are now available from a recent presentation to irrigators in northern Victoria on carryover and the changes from the recent review of carryover rules in the Murray, Goulburn and Campaspe systems.

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Click here to watch the carryover videos.

Key dates for year-end trade applications in northern Victoria are as follows:

Allocation trades:

Submit by 14 June to guarantee processing by 30 June. Trades submitted later will be done as soon as possible, and may be processed by 30 June.

Water share applications:

For processing in the 2012/13 season - Must be received by 14 June.

For processing in the 2013/14 season - Any application received after 14 June that affects the 4% limit will be held in date order for processing in July once the 4% limits reopen. There is no ballot this year.

Victorian Water Register fees for some applications will increase on Monday 1 July 2013. For more information click here.

Entitlement holders can now apply to relinquish allocation if they do not wish to carry over their unused water at the end of the season. For more information on how to do this see the fact sheet below.

Download PDF How to relinquish allocation (PDF-193 KB)

The limit on trade from NSW to Vic, announced on 21 Nov 2012, comes into effect today. For more information see News item below and Allocation trade opportunities and limits

The end of season cap on carryover will now not come into effect for the Murray system until 30 June 2014. This will give Murray system irrigators more time to adjust their enterprises, as at December 2012 a low-risk-of-spill declaration on the Murray has still not been made.

See the Minister for Water's full announcement below.

Download PDF Walsh - Extension to carryover cap to assist irrigators (PDF - 45 Kb)

The new cap will still come into effect for entitlement holders on the Goulburn and Campaspe on 30 June 2013 at the end of the current season.

The document below illustrates when each of the changes from the carryover review come into effect.

Download PDF When the changes from the carryover review come into effect (PDF - 59 Kb)

The Victorian Government has refined its controls on some of Victoria's allocation trade to protect ongoing allocations to Victorian water entitlement holders.

This removes the need for ad-hoc suspensions which were necessary in the last two autumns, because of high storage levels and high use of carryover.

The new controls apply to trades of water allocation –

from the Goulburn, Campaspe or Loddon systems to either the Victorian River Murray system or to interstate; and

from New South Wales to Victoria (from 10 January 2013).

The controls are necessary to prevent situations where, when a trade occurs, the increased obligation to deliver water to users is not accompanied by storages receiving a matching secure volume of water. If there is no matching volume of water, there is less water available for new allocations.

Further details are available in a fact sheet here and the attached explanatory note.

Read more: Refinement of Victoria's allocation trade

A new carryover calculator tool is now available to help you improve your understanding of how the carryover rules in northern Victoria work in different scenarios

The Minister for Water has announced the outcomes of the 2012 carryover review. To find out more click here.

The Victorian Annual Water Trading Report 2011/12 is now available.

Download PDF Victorian Annual Water Trading Report 2011/12 (PDF - 1,970 KB)

Users are reminded that they can find allocation trade prices here and water share transfer prices here.

Allocation account statements for 2011-12 are now being mailed to Victorian entitlement holders. For more information click here.

The 2012/2013 ballot process for applications affecting the 4% limit on trade out of irrigation areas was completed on 11 July 2012. The current status of the limit can be found here.

The Minister for Water has approved changes to the trading rules to:

  1. Recognise that duties previously undertaken by Northern Victoria Irrigation Renewal Project (NVIRP) will now be done by Goulburn-Murray Water (G-MW) on or about 1 July 2012 2.
  2. Allow exemptions to the 4% limit for certain G-MW water share purchases.

The new exemption requires that:

  1. The water share must have been associated with relevant land for 12 months - to prevent wheeling of a water share from another place in order to gain access to a G-MW sale.
  2. G-MW states that the purchase is needed to reconfigure irrigation infrastructure works and connections to land.

The updated trading rules have been updated and are available below.

Download PDF Trading rules - updated 26 June 2012 (PDF - 114 Kb)

The Minister for Water has recently made a minor amendment to the carryover declaration to simplify the carryover provisions in the Murray, Goulburn and Campaspe systems. A copy of this amendment can be viewed below.

Download PDF Amendment to carryover for water shares in the Murray, Goulburn and Campaspe water systems 2012 (PDF - 536 Kb)

What does this amendment do?

This amendment will simplify how evaporation is accounted for to make the carryover rules easier for water share owners to understand.

From the end of the 2011-12 season the 5% deduction for evaporation that is applied to any unused water that is carried over will be calculated on 30 June, rather than 1 July.

This does not change the amount of water deducted from accounts for evaporation on unused allocation that is carried over.

On the Murray, Goulburn and Campaspe systems, this minor change will help to simplify the carryover rules. It will mean that water users will always have the full volume of the high- and low-reliability water shares linked to their allocation bank account available before any water is quarantined in their spillable account.

On the Loddon, Broken and Bullarook systems, this will not alter how carryover works in water users' accounts.

More information on the carryover rules that apply in your water system are available here

A recent presentation on carryover provided to the annual water trading briefing in Shepparton is available below.

Download PDF Carryover presentation - May 2012 (PDF - 1,766 Kb)

This presentation includes explanations of key aspects of the carryover rules and examples of carryover in practice.