The Victorian Water Trading Annual Report for 2014-15 is now available.

This report provides the definitive point for referencing Victorian water trade information and summarises all water trades recorded in the Victorian Water Register during 2014-15.  It presents information about the number, volume, price and location of trades for water shares, allocation, and groundwater and surface water take and use licences.

Read more: 2014-15 water trading report

Summary information about all water entitlements and use recorded in the Victorian Water Register is now available in the report below.

Read more: 2014-15 water entitlements and use report

Landholders, drillers and consultants can now apply online for licences to construct water bores (BCLs) for domestic and stock use, investigation and observation.

It is now easier, faster and cheaper to get a licence with same day approvals in most cases.

    • Fees for one online applications are around 50% less than paper application fees.
    • Online fees will be the same across all water corporations
    • There will no longer be additional fees for extra bores when applying online.

Applications are automatically processed and licences issued on the spot in most cases.

Read more: Online BCLs saving Victorians time and money

At 10.00am this morning (6 July 2015) we will open the Victorian Water Register including access to 'My Water' and online allocation trading.

We have now completed all necessary end of financial year water accounting tasks. We trust there has been minimal disruption to your business operations and we appreciate your support during this process.

The Ministerial Guidelines for Groundwater Licensing and the Protection of High Value Groundwater Dependent Ecosystems are now available here.

Applications for new groundwater entitlements or to trade groundwater will now be assessed against these guidelines so that high value groundwater dependent ecosystems are protected.

Read more: Release of Ministerial Guidelines for Protection of Groundwater Dependent Ecosystems

The Victorian Water Accounts 2013-14 is now available.

This report is the 11th in the annual series, and summarises Victoria’s water availability, distribution and use for the 2013-14 year. Data in the report is provided by the Department of Environment, Land, Water and Planning, water businesses, catchment management authorities, the Essential Services Commission, the Bureau of Meteorology, and major water users.

A copy of this report for the previous 2012-13 year is available here.

 
On 10 June 2015, the Murray–Darling Basin Authority (MDBA) announced that trading water from above the Barmah Choke to below the choke will continue to be restricted into the 2015-16 water year.

As explained in the MDBA's media release this will mean that on 1 July 2015 no allocation will be able to be traded from upstream to downstream of the Choke until there has been equivalent trade in the opposite direction.

Trading through the Choke

If you plan to trade water through the Choke, you or your broker need to keep an eye on any trading limits that apply to you.

 The Victorian Water Register will be closed while we complete end of financial year accounting.

 On-line services will be suspended from 5pm 30 June 2015 for the end of financial year. Interstate allocation trades submitted via the Broker Portal or the Broker API will be processed manually from 19 June until 30 June 2015.

The following on-line services will not be available:

  • Broker portal
  • ‘My Water’ access and on-line allocation trading
  • Copy of Record purchases

The following reports will also not be available:

  • Trade opportunities and limits report
  • Unused water report

All services will be available once again at 10:00am on 6 July 2015

In relation to trading allocation before end of financial year please note;

  • 19 June 2015 is the last day to submit paper-based allocation trade applications to your water corporation to be sure of having an application processed. Water Corporations will attempt to finalise applications submitted later than that, but cannot guarantee it.
  • Allocation trade applications made via the broker portal or API may be submitted until 5pm on Monday 30 June 2015 for instant approval. However, for an interstate application or any application that is referred for manual processing, the manual dates apply - submit by 19 June 2015 to be sure of having an application processed.

Allocation trade out of the Broken system will close for this season on 31 March 2015. Trade applications received after 31 March will not be approved.

This closing date is part of the trading rule introduced on 1 July 2014 which allows allocation trade from the Broken to downstream systems subject to the following limits:

  • Undelivered trade-out must not exceed 1,500 ML
  • No trade after 31 March and before 1 July in any year 

Read more: Broken trade-out finishing for this season

The Victorian Annual Water Trading Report for 2013/14 is now available. 

Copies of reports from previous years are available here.

The second annual report on water availability for irrigators, town supplies and the environment in northern Victoria, and how it was used, is now available. These reports are based on water available to use or trade under Victorian water shares and bulk and environmental entitlements recorded in the Water Register in the Murray, Goulburn and Campaspe systems in 2013-14.

Read more: 2013-14 water use by irrigators, towns & the environment

On Tuesday 28 October 2014, the Murray-Darling Basin Authority (MDBA) announced that it was reinstating the trading rule that restricts allocation trade from upstream of the Barmah Choke to downstream.

This is the first time since September 2007 that the trading rule has been reinstated. You can read the MDBA’s media release at http://www.mdba.gov.au.

Trading through the Choke

This means that allocation trade from upstream to downstream of the Choke is now limited. It can occur only if allocation is traded from below to above the Choke after 28 October 2014. This limit applies to trade applications received after 5pm on 28 October 2014.

Online applications for trade out of zone 6 (above Barmah Choke) will be referred to Goulburn Murray Water for manual processing, and will therefore not receive an instant response.

If you plan to trade water through the Choke, you or your broker needs to keep an eye on any trading limits that apply to you.

Why has this trading rule been reinstated?

The Barmah Choke is a narrow section of the Murray River between Tocumwal and Barmah that has a limited capacity and constrains the volume of water that can be passed to downstream users.

When this capacity is reached, delivery of water allocation that has been traded from upstream to downstream cannot be guaranteed. Under the Murray-Darling Basin Agreement, MDBA can reinstate the trading limit if it feels that there are potential delivery problems.

The first annual audit of water brokers who use the Water Register’s Broker Portal to lodge allocation trades online has been completed with positive results.

The Broker Portal was established in November 2013. Since then, more than 15 brokers have entered into an agreement with the Department of Environment and Primary Industries (DEPI) to use the portal.

The portal allows brokers to lodge allocation trades online on behalf of their customers at a reduced cost, with near-instant results in most cases. More than 50% of all allocation trades completed in Victoria are now lodged through the portal with over 6,000 trades submitted successfully since it was launched.

Read more: First annual audit of water brokers complete

If you are planning to trade water, you need to keep an eye on the status of the trade limits that might affect you.

Trade is not allowed from the Goulburn, Campaspe, Broken and Loddon to the Victorian Murray, or to New South Wales and South Australia, if more than 200 gigalitres (GL) of water is owed to the Murray.

Read more: Understanding the Goulburn to Murray trade limit

Trade from the King to the lower Ovens is possible from 1 July this year. 
The Minister for Water has approved changes to the trading rules to allow trade of water shares and high-reliability allocation from the King system to the lower Ovens system downstream of the confluence of the King and Ovens Rivers, under certain conditions.

Read more: Changes on the Ovens from 1 July

The Victorian Water Register is now open including access to 'My Water' and online allocation trading.

We have now completed all necessary end of financial year water accounting tasks. We trust there has been minimal disruption to your business operations and we appreciate your support during this process.

Some of Victoria’s water trading rules are changing from 1 July 2014.

The Victorian Parliament has amended Victoria's Water Act 1989 and the Minister for Water has amended the Trading Rules for Declared Systems.

This puts Chapter 12 of the Murray-Darling Basin Plan into action in line with agreements signed in 2013 by the Victorian and Commonwealth Governments.

From 1 July 2014 -

  • anyone can buy water allocation
  • holders of an allocation account will not change when water shares are linked to the account or removed from it
  • anyone can receive a limited term transfer of a water share
  • the seller must state the agreed price of the trade
  • many application forms are updated
  • the 4% limit on water share trade out of an irrigation area is removed.

These changes are happening so that Victoria can meet its obligations under the Murray-Darling Basin Plan. They are also part of continuing efforts to make water transactions easier and cheaper for irrigators and entitlement holders.

The changes will apply in northern and southern Victoria from 1 July 2014.

What do these changes mean?

For most people, the changes will not be noticeable, and most of the rules stay as they are. The changes will have no effect unless someone is doing a trade, and even then, most things are not changing.

Freeing up the rules for buying allocation means that

• anyone can buy water allocation without a limit on the amount

• people can easily apply for a new allocation account online or by filling in a form and there is no fee.

Fixed holders of allocation accounts means that

• the holders of an allocation account will be fixed, and not change when water shares are linked to the account or removed from it

• there will be more flexibility to link a water share to an allocation account held by other people

• the fee for an application to link a water share to an allocation account will be $80, which is a reduction on the current fee in some cases.

Read more: Changes to Victorian water trading rules

New items are now automatically emailed to Victorian Water Register subscribers.

On-line services will be suspended from 5pm 30 June 2014 for the end of financial year.

The Victorian Water Register will be closed while we complete end of financial year accounting and implement changes to Victorian water trading rules arising from the Murray-Darling Basin Plan.

Read more: Key end of year dates

Victorian Water Register fees for some applications will increase on Tuesday 1 July 2014. For more information click here.