Guidelines for Water Trading Rules of groundwater water access rights Rules covered by this guideline The water trading rules covered by this guideline are contained in sections 12.24 12.26 of Chapter – 12 of the Basin Plan. Application of the rules may occur through sections 10.37 10.39 of Chapter 10 – of the Basin Plan. This guideline should be read together with these sections and the . Purpose of the rules The purpose of sections 12.24–12.26 is to ensure groundwater trade occurs in a manner that adequately manages the risks associated with trade and considers the potential for third party and environmental impacts. Defined terms This guideline contains a number of defined terms. These terms are defined in the Basin Plan 2012, the Water Act 2007 or the Water Markets Rules 2009. An explanation of these terms can be found at the end of this document. Explanation of the rules Sections 12.24–12.26 set out the conditions that must be met in order for groundwater trade to be permitted. These requirements vary depending on the whether the trade is within a groundwater sustainable diversion limit (SDL) resource unit, between two groundwater SDL resource units or between groundwater and surface water SDL resource units. Section 12.24 applies to trades of water access rights between locations within a groundwater SDL resource unit (this corresponds with the accreditation requirement in section 10.37). Section 12.25 applies to trades of water access rights between two groundwater SDL resource units (this corresponds with the accreditation requirement in section 10.38). Section 12.26 applies to trades of water access rights between groundwater and surface water SDL resource units (this corresponds with the accreditation requirement in section 10.39). Who do rules apply to? These rules apply to:
Guidelines for Water Trading Rules of groundwater water access rights Rules covered by this guideline The water trading rules covered by this guideline are contained in sections 12.24 – 12.26 of Chapter 12 of the Basin Plan. Application of the rules may occur through sections 10.37 – 10.39 of Chapter 10 of the Basin Plan. This guideline should be read together with these sections and the . Purpose of the rules The purpose of sections 12.24–12.26 is to ensure groundwater trade occurs in a manner that adequately manages the risks associated with trade and considers the potential for third party and environmental impacts. Defined terms This guideline contains a number of defined terms. These terms are defined in the Basin Plan 2012, the Water Act 2007 or the Water Markets Rules 2009. An explanation of these terms can be found at the end of this document. Explanation of the rules Sections 12.24–12.26 set out the conditions that must be met in order for groundwater trade to be permitted. These requirements vary depending on the whether the trade is within a groundwater sustainable diversion limit (SDL) resource unit, between two groundwater SDL resource units or between groundwater and surface water SDL resource units. Section 12.24 applies to trades of water access rights between locations within a groundwater SDL resource unit (this corresponds with the accreditation requirement in section 10.37). Section 12.25 applies to trades of water access rights between two groundwater SDL resource units (this corresponds with the accreditation requirement in section 10.38). Section 12.26 applies to trades of water access rights between groundwater and surface water SDL resource units (this corresponds with the accreditation requirement in section 10.39). Who do rules apply to? These rules apply to:
10_WTG-GROUNDWATER-TRADING-RULES_final.docx