business.gov.au

Water Markets Intermediaries Code - Australian Government

Description

You will need to comply with this code if you intend to operate as a water market intermediary within the Murray-Darling Basin. The code regulates how eligible water markets intermediaries conduct themselves with current and proposed clients. It aims to:

  • improve the integrity of, and trust in, water markets intermediaries
  • give greater protection and confidence to users of intermediary services
  • increase participation in water markets
  • apply the same types of regulatory safeguards to water markets intermediaries that apply to other markets.

The code applies to:

  • water brokers
  • irrigation infrastructure operators
  • operators of online trading platforms or water exchanges
  • legal professionals
  • real estate agents.

Service type

Code of Practice

A code of practice is a set of rules which details how people in a certain industry should behave. A code of practice can be defined as a result of legislation or by industry regulators and bodies.

Act(s) name

Water Act 2007 Australian Government

Regulation(s) name

Water Regulations 2008 Australian Government

Administering agency

Department of Climate Change, Energy, the Environment and Water

Murray-Darling Basin Authority

Contact details

Contact Email, Phone and Address Details for this service in simple two column table format, header then data.