By Debra Townsend and Odette Adams. King & Wood Mallesons
Water access rights are core assets for many agribusinesses. In the Australian Water Markets Report 2012-2013, the National Water Commission estimated that the value of water entitlements in the Murray-Darling Basin (MDB) is approximately $13 billion. Trading in water has become commonplace, not only for water users but increasingly for speculators or companies whose core business is not water or land related. With more than a decade of trading under our belt, in this article we look at the benefits and challenges of trading water and what we might expect the regulators to do next.
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