Overview

The Victorian Government understands the need for greater transparency in water markets and is seeking community feedback on the aspects of transparency that matter most to them.

Following targeted stakeholder consultation an options paper has been developed for public comment.

The options presented in the paper are not mutually exclusive, and several or all can be pursued. These were selected because they address the main concerns raised in targeted community consultation. The options are:

  • full market transparency;
  • publish information on large water market participants; and
  • improve real-time information on price and amount of water available.

The options discussed in this paper all have potential to increase water market transparency. However, as they may take some time to implement, a work program is underway to increase water market transparency immediately through new tools like the Water Market Watch app.

We invite you to read the summary or options paper and let us know your thoughts in the survey below. We also welcome written submissions, which can be uploaded at the bottom of this page.

Consultation events

Those interested in water market transparency are invited to take part in community drop-in sessions. You can find us at:

  • Elmore field days, 1-3 October - in the Government tent
  • Sustainable Water Strategy open houses (dates here)
  • At Victorian Water Trading Annual Report sessions- dates TBC
  • Online webinar- TBC

At the consultation events people can hear more about water market transparency and share their thoughts.

We will also be consulting with rural water corporations customer committees (or similar) across the state.

Survey

You are invited to complete the following questions and/or upload a submission on water market transparency.

Increased and simplified information

Does the current water market information meet your needs?

Publish information on large water market participants

What do you think the threshold for this public reporting should be?

Full market transparency

Different aspects of the water market may require different level of privacy or transparency. For each aspect below please select the level of transparency you would like for all market participants
Private- No one can see details
Aggregated- only see anonymous info
Full transparency-personal details
No opinion/ not sure
Entitlements Trade (details and names of each party in the trade published)
Entitlements ownership (all details and names of permanent water holders published)
Water use and location, amounts and names of water users
Allocation trade (names of each party in the trade published)
ABAs (all allocation bank account balances, a running balance)

Improve real-time information on price and amount of water available

On desktop: Drag the statements from the left column to the right so the most important one is on top. On mobile: select in order of preference

  1. How much water is available to buy #
  2. How much water is being traded #
  3. Real time market price #
  4. Where can I buy from and sell to #
  5. Who is buying and selling #
  6. How much water is being carried over #
A central trading platform with real time price and availability of water may require some trade-offs. How much more would you be willing to pay in processing fees?
How much longer are you willing for processing times to be?

Tell us a bit about yourself

What is your occupation?
Do you have a water entitlement in Victoria?
Have you bought or sold allocation in Victoria in the past 12 months?

Privacy statement

The Department of Environment Land Water and Planning values your personal information and protects your privacy in compliance with the Privacy and Data Protection Act 2014. For details on how the information provided in your statement will be treated, please see the privacy collection notice below and the department’s privacy statement at https://www2.delwp.vic.gov.au/privacy

You may access the information you have provided to DELWP by contacting watermarkettransparency@delwp.vic.gov.au