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:
The new exemption requires that:
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.
Additional information is now available on the Copy of Record for water shares in the Murray, Goulburn and Campaspe water systems. More information is available in the document below.
Download PDF Updated information on water share Copy of Record - June 2012 (PDF - 707 Kb)
The Minister for Water has approved changes to the trading rules to suspend some allocation trade in order to protect next season's allocations to Victorian water entitlement holders.
The temporary suspension applies to trade of water allocation -
The suspension is the same as for last year. It applies to applications received after close of business on 19 March 2012, and will be in place until 30 June 2012. Further details are available in the attached explanatory note and media release.
Download PDF Temporary trade suspensions - explanatory note (PDF - 112 Kb)
Download PDF Victoria suspends some water allocation trade (PDF - 51 Kb)
An update on the progress of the Carryover Review Committee is available below.
Download PDF Carryover Review Committee - Chair's Message May 2012 (PDF - 1608 Kb)
More information on the review is available here.
From 1 June 2012 additional information will be included on the Copy of Record for Murray, Goulburn and Campaspe water shares to provide better information for buyers on the potential impacts of carryover recorded against a water share. Updated information is now available here
A fact sheet about transferring water with land is now available here.
Download PDF Transferring water entitlements fact sheet (PDF - 398 Kb)
Victorian Water Register fees for some applications will increase on Sunday 1 July 2012. For more information click here.
The Minister for Water has announced that carryover rules will remain the same for the coming 2012-13 season.
Download PDF No change to carryover rules for 2012-13 (PDF - 48 Kb)
A review of carryover provisions is continuing, but any changes out of this process will not come into place until 1 July 2013.
A review of how spillable water account provisions are working on the Murray, Goulburn and Campaspe systems is being carried out. More information is available in the document below.
Download PDF Carryover review in 2012 (PDF - 39 Kb)
A report on water trade in Victoria in 2010/11 is now available here
The Minister for Water has approved changes to the trading rules to allow additional exemptions to the 4% limit for certain Commonwealth purchases. The new exemptions are available to -
These exemptions have been made as part of the Victorian Food Bowl Modernisation Agreement announced on 18 October 2011. They will allow many sellers with Commonwealth contracts to finalise their arrangements. The Trading Rules have been updated and are available here.
A credit/debit card payment form is now available for use when submitting applications to water corporations.
A correction has been made to the calculation of back-trade opportunities to recognise that the traded-out volume carried over from last year may spill. To see the affected back-trade opportunities report click here.
The proposal to phase out cheques as a payment method to the Water Registrar, which was previously advised in May 2011, has been deferred. For more information please read Customer Information Bulletin No. 131/2011.