5Commission to hold an inquiry into water markets in the Murray-Darling Basin

5 Commission to hold an inquiry into water markets in the Murray-Darling Basin

(1) Under subsection 95H(1) of the Act, the Commission is required to hold an inquiry into markets for tradeable water rights relating to water in the Murray‑Darling Basin. The inquiry does not extend to any of the following: (a) seeking to identify the social and economic impact of water trading on communities in the Murray-Darling Basin; (b) considering the effectiveness of water buy-backs for environmental purposes; (c) the supply of a good or service that is an exempt supply.

Note: The matters referred to in paragraphs (a) and (b) fall within the scope of other inquiries.

(2) Under subsection 95J(1), the inquiry is to be held in relation to goods and services of the following description: (a) tradeable water rights; and (b) services facilitating the trade of tradeable water rights, including those offered by water market intermediaries; and (c) infrastructure services in relation to tradeable water rights. (3) Under subsection 95J(2), the inquiry is not to be held in relation to the supply of goods and services by a particular person or persons.