Wednesday, 6 February 2013
Water Amendment (Water for the Environment Special Account) Bill 2012; In Committee
Perhaps I can give an example of how this might work. I can indicate that where water savings are normally shared on a 50-50 basis between irrigators and the environment, under the initiative it will be asking farmers to sell their half of the water savings to the Commonwealth at market prices as well as transferring the other half by way of an infrastructure investment. Farmers who consider that they will be better off will participate in the program and will continue to work with the basin states and other stakeholders on a win-win basis to recover an impact neutral water.