The Victorian Government is committed to maintaining integrity and transparency in water markets. The Department of Energy, Environment and Climate Action (DEECA) monitors compliance by water intermediary firms that use the Victorian Water Register Broker Portal or API service through a range of measures, including Portal access requirements, annual audits and public reporting.

This page provides information about water intermediary firms that use the Victorian Water Register Broker Portal or API service, including their Portal access status and professional indemnity insurance cover. It also outlines DEECA's water intermediary audit program and publishes summary reports on audit outcomes.

Registered Broker Portal users and insurance status

Argyle Capital Partners Pty Ltd
Water intermediaryHas access to the broker portal/APIHas professional indemnity insurance
Aqua Market Solutions Yes Yes
Yes Yes
Charles L King & Co Yes Yes
Elders Rural Services Australia Ltd Yes Yes
Elstone Agency Pty Ltd Yes
Yes
Graeme Hayes Real Estate Pty Ltd Yes Yes
H20X Pty Ltd Yes Yes
Integra Water Services Yes Yes
Kilter Pty Ltd Yes Yes
Murrumbidgee Rural Agencies Yes Yes
National Water Brokers Yes Yes
Paul Smith Water Sales Yes Yes
PMR Assets Pty Ltd Yes Yes
Phoenix Water Broking Yes Yes
Progressive Agriculture Yes Yes
Riparian Capital Partners Pty Ltd Yes Yes
True Blue Water Exchange Pty Ltd Yes Yes
Water Exchange Australia Pty Ltd trading as Wilks Water Yes Yes
Waterfind Pty Ltd Yes Yes
Water Partners (Aust) Ltd Yes Yes
Wex Water Pty Ltd Yes Yes

Notes:
1. Last updated 13 August 2026 
2. A minimum of $5 million in professional indemnity insurance is a mandatory requirement for intermediaries using the Victorian Broker Portal. This requirement is checked when an intermediary signs up and subsequently through the audit process. In the intervening periods, it is possible for a firm to be non-compliant with this requirement without the Department’s knowledge.At least $5M of professional indemnity insurance is a mandatory requirement for any broker entering an agreement with DEECA to use the Victorian Broker Portal. This requirement is checked when a broker signs up and through the broker audit process. In the intervening periods, it is possible for a broker firm to be non-compliant with this requirement without DEECA's knowledge.
3. This report lists water intermediary firms included in DEECA’s latest audit, as well as firms that started using the Broker Portal or API service after the last audit period.

Water intermediary audits

Since 2013, DEECA has commissioned an independent assessment of water intermediaries that use the Victorian Water Register Broker Portal. Participation in the audit program is a condition of ongoing access to the Broker Portal under the Access Agreement.

The audit program assesses whether water intermediaries are complying with the requirements for Broker Portal access, including obligations relating to trade authorisations, customer notifications, professional indemnity insurance, and privacy and data handling practices. Audits are undertaken by an independent specialist engaged by DEECA and use a risk-based assessment approach to focus on areas where non-compliance could have the greatest impact on water market participants.
A public summary report is published following each audit program. The report provides an overview of how the audits were conducted and summarises the key findings and compliance issues identified across water intermediaries.

The 2023–24 and 2024–25 audit program found that most intermediaries were complying with the requirements of the Access Agreement. No instances of inappropriate access to customer information, improper trade activity, or non-compliance requiring immediate suspension or cancellation of Broker Portal access were identified.

PDF 2023–24 and 2024–25 Audit of Water Intermediaries (PDF, 752 kb)

PDF 2022–23 Audit of Water Intermediaries (PDF, 660 kb)

PDF 2021–22 Audit of Water Intermediaries (PDF, 285 kb)

PDF 2020–21 Audit of Water Intermediaries (PDF, 912 kb)

PDF 2019–20 Audit of Water Intermediaries (PDF 902 kb)

PDF 2018–19 Audit of Water Intermediaries (PDF, 416 kb)

PDF 2017–18 Audit of Water Intermediaries (PDF, 725 kb)

PDF 2016–17 Audit of Water Intermediaries (PDF, 352 kb)

PDF 2015–16 Audit of Water Intermediaries (PDF 351 kb)

PDF 2014–15 Audit of Water Intermediaries (PDF 107 kb)

PDF 2013–14 Audit of Water Intermediaries (PDF 56 kb)