Document ID: chunk:federal_register_of_legislation:C2024C00557:clause:3_3
Version: federal_register_of_legislation:C2024C00557
Segment Type: clause
Provision Reference: sch 3 cl 3
Character Range: 1055589–1056597

3  Basin water market and trading objectives
  The objectives of the water market and trading arrangements for the Murray‑Darling Basin are:
 (a) to facilitate the operation of efficient water markets and the opportunities for trading, within and between Basin States, where water resources are physically shared or hydrologic connections and water supply considerations will permit water trading; and
 (b) to minimise transaction cost on water trades, including through good information flows in the market and compatible entitlement, registry, regulatory and other arrangements across jurisdictions; and
 (c) to enable the appropriate mix of water products to develop based on water access entitlements which can be traded either in whole or in part, and either temporarily or permanently, or through lease arrangements or other trading options that may evolve over time; and
 (d) to recognise and protect the needs of the environment; and
 (e) to provide appropriate protection of third‑party interests.