Water market rules and water charge (termination fees) rules
The Minister for Climate Change and Water, Senator Penny Wong, signed the water market rules and termination fee rules on 10 June 2009.
The rules are the same as those announced in the public notice except for the transition period. The Minister decided to extend the transition period to allow stakeholders further time to adjust their existing arrangements to comply with the rules. The transition period has been extended to 31 December 2009 (instead of 31 August 2009) for the water market rules and to 31 August 2009 (instead of 30 June 2009) for the termination fee rules.
The rules were registered on 22 June 2009 and have legal effect from 23 June 2009. A copy of the rules and associated explanatory statements is available on the Federal Register of Legislative Instruments website .
The ACCC will release shortly guidance material to assist operators and irrigators to adjust to the new rules. This material will be available on the ACCC website.
Public notice (published in February 2009)
Proposal to make water market rules and water charge (termination fees) rules
The Minister for Climate Change and Water proposes to make water market rules and water charge (termination fees) rules under subsections 97(1) and 92(1) of the Water Act 2007.
This notice is published under subregulations 4.04(3) and 4.17(3) of the Water Regulations 2008.
Rules 2009
- Water Market Rules 2009 (PDF - 65 KB) | (RTF - 288 KB)
- Water Charge (Termination Fees) Rules 2009 (PDF - 38 KB) | (RTF - 242 KB)
Summary of Rules
- Water Market Rules 2009 - Summary (PDF - 65 KB) | (RTF - 69 KB)
- Water Charge (Termination Fees) Rules 2009 - Summary (PDF - 19 KB) | (RTF - 43 KB)
ACCC Advice to the Minister, including draft Rules
- ACCC Draft Water Market Rules (PDF 267 KB) | (RTF - 239 KB)
- ACCC Advice to Minister on Water Market Rules (PDF - 853 KB) | (RTF - 1,902 KB)
- ACCC Draft Water Charge (Termination Fees) Rules (PDF - 237 KB) | (RTF - 166 KB)
- ACCC Advice to Minister on Water Charge (Termination Fees) Rules (PDF - 389 KB) | (RTF - 974 KB)
- ACCC Frontier Economics Report on termination fees (PDF - 484 KB) | (ZIP - 757KB)
- ACCC PricewaterhouseCoopers Report on termination fees (PDF - 1,886 KB)| (ZIP - 974 KB)
More information
For information about the development of the Water Market rules and Water Charge (Termination Fee) rules visit the Australian Competition & Consumer Commission.
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