Goulburn-Murray Water has today announced an allocation of 7% of Water Right and Licensed Volume on the Goulburn system.
A volume of 32,890 megalitres of water is now available for back trade from the Murray system downstream of Barmah (Zone 7 & 8), subject to normal rules, to the Goulburn system (Zone 1A & 1B) for the 2006/07 season.
This trading opportunity becomes available as a result of water temporarily or permanently trading from the Goulburn system downstream to the Murray system. This allows water to be traded back under substitution (back trade) principles.
The volume now available represents the carryover volume of last season's balance plus the volume available from the Snowy water savings account, together with the volume resulting from this season's Goulburn system allocation.
To enhance trading opportunities to our customers, Goulburn-Murray Water will be offering 16,890 megalitres via private traders and a further 16,000 megalitres through Watermove.
Private traders will have until 4.45pm on 28 August 2006 to submit their offers and, if demand exceeds supply, a ballot process will be held. Traders will have an opportunity to withdraw their application up until 4.45pm on 28 August 2006 . All unsuccessful offers will be returned with their application fee. An independent audit controller will oversee the process.
Watermove traders should lodge their offers to buy or sell water in Zones 1A & 1B in the normal way. These offers will be subject to normal Watermove terms and conditions.
Goulburn-Murray Water will notify the market when any further volumes are available for back trade.
Further information on this water trading opportunity and procedures can be obtained from Goulburn‑Murray Water on 5833 5523 or Watermove on 1300 850 099.