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Review of 2007-08 water entitlement purchases

Hyder Consulting Pty Ltd for Department of the Environment, Water, Heritage and the Arts, 2008

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Review of 2007-08 water entitlement purchases by Hyder Consulting

Appendix A

Department of the Environment, Water, Heritage and the Arts - response to the findings

About the review report

The Australian Government Minister for Climate Change and Water, announced Water for the Future in April 2008 with funding of $12.9 billion. Within the policy was provision for $3.1 billion to buyback water entitlements through willing sellers to address over allocation in the Murray-Darling Basin. The Minister announced an allocation of $50 million for the first round of water entitlement purchasing (WPP) in February 2008 closing in June 30 2008. The Minister undertook to complete a review of the WPP after the first round of purchases was completed. Hyder Consulting in association with Access Economics was engaged to undertake this review.

Cover page of Review of 2007-08 water entitlement purchases report

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