The Goulburn-to-Murray Trade Limit—which governs allocation trade from the Goulburn, Broken, Campaspe, and Loddon systems to the Victorian Murray system, New South Wales, and South Australia—will open again on Wednesday 15 October 2025. This is the second of three Goulburn-to-Murray trade openings for the 2025–26 water year. Estimated volumes will be made public closer to this date.

• Applications for the Goulburn-to-Murray trade opportunity should be submitted during the submission window between 7 am and 2 pm on Wednesday 15 October 2025.
• During the submission window, water market participants should submit trade applications through My Water or the Broker Portal, and all trade applications during this period will be referred for manual processing.
• After the submission window closes, DEECA will undertake a randomisation process to determine a processing order of the applications, in the presence of an ACCC independent observer.
• Manual processing, in the order determined by the randomisation process, will occur on Thursday 16 October 2025.

Customers are encouraged to lodge trade applications throughout the 7-hour submission window. Market participants are not required to submit trade applications as soon as the submission window opens. A customer who submits a trade application at the start of the submission window will have the same chance of having their application succeed as a customer who submits at the end of the window.

Please be reminded that applications selecting ‘trade remaining balance’ instead of a specific volume will be deemed ineligible for the randomisation pool.

For further details about the Goulburn-to-Murray trade opening process, check out this handy guide.

Find out more about how the Goulburn-to-Murray trade opportunity is calculated.

For any further information or assistance with the above, reach out to the Victorian Water Register team on waterregister.support@deeca.vic.gov.au.