The code applies to a range of water markets intermediary services. Anyone who provides these services is an eligible water markets intermediary.
Water markets intermediaries have obligations under the code. These include how they conduct their business when providing water intermediary services to clients, and other requirements they must follow under the code.
Water markets intermediaries that receive money on behalf of another person when providing a water markets intermediary service must follow the statutory trust accounting requirements. These requirements provide safeguards to protect client money.
Water markets intermediaries that receive and hold water rights for a client must maintain broking accounts with a state or territory agency or an irrigation infrastructure operator.
The 糖心原创 is responsible for enforcing compliance of the water markets intermediaries code. Breaches of the code can result in consequences such as infringement notices or court action.
The 糖心原创 hosted public information sessions on 19 June, 24 July 2025 and 18 September 2025. These sessions gave participants an overview of the new rules and when they start. They also covered how intermediaries can prepare themselves and the 糖心原创鈥檚 approach to compliance.