Overview

The Department of Environment, Land, Water and Planning (DELWP) needs your input to proposed changes to the Goulburn to Murray trade rule.

Delivering water from the Goulburn inter-valley trade account during summer and autumn to support water requirements of the Murray system has caused significant environmental damage to the lower Goulburn River over the last two irrigation seasons. Victoria is exploring changes to operational rules and trade rules to ensure that water traded from the Goulburn to the Murray can be delivered without unacceptable impacts on the environment or the reliability of other entitlements.

DELWP has prepared a paper for public consultation to help you to understand how operational rules set by environmental thresholds interact with possible changes to trade rules and consider the potential implications of these changes for how water trade occurs in the future.

DELWP encourages you to read the paper and let us know what you think. We have prepared a set of questions to help us gather relevant information from you. Or you can make a written submission, which can be uploaded at the bottom of this page.

Possible alternative trade rule options

The consultation paper describes the current rule and three possible alternative trade rule options. These are:

  • Current limit - The current rule allows trade to the Murray when the balance of the Goulburn IVT account is less than 200 GL.
  • Annual cap - An annual cap would set a limit to the volume of water that can be traded out of the Goulburn system each year that is the same under all seasonal conditions. A key challenge of this option is defining the limit and the appropriate volume of trade.
  • Dynamic rule - A dynamic trade rule would be a two part rule. The first part would work in a similar way to the current rule allowing trade within an IVT limit that can be drawn down as water is delivered early in the irrigation season. The second part would work in a similar way to the annual limit to set a cap on tradeable volumes for the rest of the year based on what can be delivered.
  • Seasonally-based rule - The seasonally-based rule would be a two part rule based on seasonal flows in the lower Goulburn River. The first part would be the ability to use water from a tagged account form the Goulburn to Murray during spring, late autumn and winter, when the delivery of traded water does not have negative impacts on the environment. The second part would work in a similar way to the annual limit to set a cap on tradeable volumes for the rest of the year based on what can be delivered.

Survey

Which trade rule option would you most support?
To increase the volume of water that can be delivered from the Goulburn IVT account via irrigation infrastructure, do you support a fee-for-service model where additional trade may occur with an associated delivery charge?
Are you an active water market participant - did you use, buy or sell water in northern Victoria in the last two year or aim to in the next two years? Required

Collection notice

The Department of Environment, Land, Water and Planning (DELWP) is committed to protecting personal information provided by you in accordance with the principles of the Victorian privacy laws.

The information you provide may be used to inform the Goulburn to Murray trade rule review and to send you updates about the program.

You may access the information you have provided to the department by emailing water.markets@delwp.vic.gov.au.

More information about DELWP's privacy policy is available via the link below:

https://www2.delwp.vic.gov.au/privacy