ACCC to oversee reform of water market which emerged after Murray-Darling Basin changes meant water allocations could be traded

The federal government will crack down on shonky practices in the trading of water which have undermined farmers’ trust in the market by implementing new rules and more oversight.

The water minister, Tanya Plibersek, will announce today that $12m has been provided to the Australian Competition and Consumer Commission to police and implement the roadmap for water market reform.

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