Restoring the Balance in the Murray-Darling Basin
Water entitlement purchasing in the Murray-Darling Basin
Under the Restoring the Balance in the Murray-Darling Basin program, the Australian Government has committed $3.2 billion to purchase water for the environment. This program is part of the Sustainable Rural Water Use and Infrastructure Program.
Water buybacks obtain water for the environment from irrigators who wish to offer their water entitlement for sale. The Australian Government is acquiring a portfolio of entitlements which best meet the environment's needs.
Activities under this program:
Queensland Lower Balonne Water Harvesting Licence Purchase Tender
The Australian Government has commenced a tender to purchase eligible unsupplemented water harvesting licences and overland flow water harvesting licences held in the Queensland Lower Balonne Water Management Area, which forms part of the Condamine-Balonne catchment.
The tender opened at 9am AEST on Tuesday 30 September 2014 and will close at 5pm AEDT on Thursday 30 October 2014.
For more information see: Water Purchase Tender in the Queensland Lower Balonne
Water purchase progress and pricing information
Progress of water purchasing to date
Outcomes from the Government's southern and northern Basin water purchase tenders are regularly updated.
For more information see: Progress of water purchasing
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 initiative 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.