Document ID: chunk:federal_register_of_legislation:C2023A00111:clause:3_13:p1
Version: federal_register_of_legislation:C2023A00111
Segment Type: clause
Provision Reference: sch 3 cl 13 (pt 1/2)
Character Range: 125043–127849

13  Subsection 4(1)
Insert:
eligible tradeable water right has the meaning given by section 6A.
eligible water markets intermediary means a person who provides any of the following services:
 (a) trading of eligible tradeable water rights on behalf of another person in exchange for a commission or fee;
 (b) investigating eligible tradeable water rights trading possibilities on behalf of a water market participant or a potential water market participant in exchange for a commission or fee;
 (c) preparing documents that are necessary for the trade or transfer of eligible tradeable water rights on behalf of a water market participant or a potential water market participant in exchange for a commission or fee;
 (d) providing a trading platform or water exchange for eligible tradeable water rights;
 (e) giving advice (whether or not for payment of any kind) in the course of providing services of a kind mentioned in paragraph (a), (b), (c) or (d) to a water market participant or a potential water market participant about trading in eligible tradeable water rights, other than advice that is of a general nature and not provided to address the specific circumstances of a water market participant or a potential water market participant;
 (f) making a representation that an eligible tradeable water right is available for sale or purchase, if the person will facilitate the trade or transfer of the eligible tradeable water right in exchange for a commission or fee.
pre‑trade, in relation to the trade or transfer, or proposed trade or transfer, of any type of eligible tradeable water right includes, but is not limited to, offers to buy or sell occurring before an agreement or contract for the trade or transfer is entered into.
water market authority, in relation to the proposed trade or transfer of an eligible tradeable water right, means:
 (a) a person authorised or required under a law of a State to approve, allow or register the trade or transfer; or
 (b) an irrigation infrastructure operator that approves, allows or registers the trade or transfer.
water markets information means the following information:
 (a) any raw data, or any value added information product (including information that is generated), that relates to:
 (i) the pre‑trade, trade or transfer of any type of eligible tradeable water right; or
 (ii) the allowance, approval or registration of a trade or transfer of any type of eligible tradeable water right; or
 (iii) accounts relating to eligible tradeable water rights; or
 (iv) the ownership of eligible tradeable water rights and other entitlements on issue relating to Basin water resources;
 (b) any metadata or contextual information relating to information of a kind referred to in paragraph (a);
 (c) such other information (if any) as is prescribed