Document ID: chunk:federal_register_of_legislation:F2024C00760:front:0:p27
Version: federal_register_of_legislation:F2024C00760
Segment Type: other
Provision Reference: 
Character Range: 74608–77771

3 of Chapter 9.
(2) The outcome in relation to water quality and salinity is that Basin water resources remain fit for purpose.

5.05 Objective and outcomes in relation to long‑term average sustainable diversion limits
(1) The objective in relation to long‑term average sustainable diversion limits is to establish environmentally sustainable limits on the quantities of surface water and groundwater that can be taken for consumptive use from Basin water resources, having regard to social and economic impacts, and in doing so:
            (a) inform environmental water recovery measures, including water purchasing and infrastructure that improves water use efficiency; and
            (b) provide greater certainty for all water users, including in times of drought and low water availability; and
            (c) provide time for water access entitlement holders and communities to transition and adjust to long‑term average sustainable diversion limits.
(2) The outcomes in relation to the establishment of long‑term average sustainable diversion limits are:
            (a) the restoration and protection of water‑dependent ecosystems and ecosystem functions in the Murray‑Darling Basin; and
            (b) well‑informed water recovery measures, including water purchasing and infrastructure, enable a transition to long‑term average sustainable diversion limits; and
            (c) greater certainty of access to Basin water resources; and
            (d) water access entitlement holders and communities of the Murray‑Darling Basin are better adapted to reduced quantities of available water.

5.06 Objective and outcome for operation of the SDL adjustment mechanism
(1) The objective in relation to the operation of the SDL adjustment mechanism is to adjust SDLs in a way that increases environmental outcomes while maintaining or improving social and economic outcomes.
Note Particular objectives relating to different kinds of measures are specified in Part 2 of Chapter 7.
(2) The outcome in relation to the operation of the SDL adjustment mechanism is a healthy and working Murray‑Darling Basin that includes the outcomes specified in subsection 5.02(2).

5.07 Objectives and outcome in relation to trading in the water market
(1) The objectives for trading in the water market 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