Restoring the Balance in the Murray-Darling Basin
Water entitlement purchasing in the Murray-Darling Basin
The Australian Government committed $3.1 billion to the Restoring the Balance in the Murray-Darling Basin program to purchase water for the environment.
Water buybacks obtain water for the environment from irrigators who offer their water entitlement for sale. The Australian Government is purchasing a portfolio of entitlements which best meet the environment's needs.
Activities under this program:
Water Purchase Tender in southern New South Wales
The water purchase tender in southern New South Wales has now closed for applications.
The department is currently assessing applications received and will advise applicants of the outcome once this process is complete.
Information on future tenders under the Restoring the Balance in the Murray-Darling Basin program will be announced on the department's website.
Strategic Sub-System Reconfiguration in the Murray-Darling Basin
The Strategic Sub-System Reconfiguration in the Murray-Darling Basin program (the program) provides the opportunity for Irrigation Infrastructure Operators, in partnership with their customers, to seek financial support for projects which integrate water access entitlement purchases with the decommissioning and reconfiguration of shared water delivery infrastructure.
Information on future rounds of the program will be made available on this website.
For more information see: Strategic Sub-System Reconfiguration in the Murray-Darling Basin
Strategic Water Purchase Initiative in Victoria 2013-14
The Australian Government has commenced a second round of the Strategic Water Purchase Initiative in Victoria with a budget of up $5 million.
The initiative aims to pursue environmental water purchase opportunities arising from the decommissioning of channels involved in the roll-out of the Goulburn-Murray Water Connections Project.
The current round opened on 5 August 2013 and will close at 5.00 pm AEDT on 6 December 2013, unless the limit of the budget has been reached before this date.
For more information see: Strategic Water Purchase Initiative in Victoria 2013-14
Restoring the Balance program progress and pricing information
Progress of water purchasing to date
Outcomes from the southern and northern Basin tenders under the Restoring the Balance in the Murray-Darling Basin program are regularly updated.
For more information see: Progress of water purchasing under the Restoring the Balance in the Murray-Darling Basin program
For more information about total water recovery progress towards environmental water requirements in the Murray-Darling Basin Plan see: Progress Towards Meeting Environmental Needs Under The Basin Plan
Average prices of offers pursued in recent water purchasing
Pricing information is publicly released at the conclusion of each water purchase initative to provide greater transparency and to assist irrigators considering placing a sell offer in the future.
For more information see: Average prices of offers pursued from recent tenders
Information on water market pricing
The Department commissions independent consultants to compile quarterly price reports to assist irrigators to identify the prices that are being paid for various water entitlements across the Murray-Darling Basin.
For more information see: Market price information for Murray-Darling Basin Water Entitlements
Survey of water entitlement sellers under the RtB program
In June 2012 the department released a report commissioned by Marsden Jacob Associates Pty Ltd that independently assessed the impact of water sales to the Commonwealth on participating irrigators.
For more information and to access the final report see: Survey of water entitlement sellers under the Restoring the Balance in the Murray-Darling Basin Program
For further information please phone the Water Information Line on 1800 218 478 or e-mail the Water Purchasing Section at email@example.com.
+ The water purchasing catchments on this map are based on the Murray-Darling Basin River catchments with modifications to catchments along the Murray River to accommodate trading practicalities.
* To protect the privacy and confidentiality of individual sellers, purchasing information in catchments with less than five offers being pursued have been combined with information from nearby catchments with similar characteristics.