аЯрЁБс>ўџ ACўџџџBџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџџьЅСq` №ПgbjbjqPqP 4*::gџџџџџџЄююююююю& & & & $J A|r r r r r M M M РТТТТТТ$Нh%vцюM M цююr r лћuuu юr юr РuРuuTюю r f Qq•БШ&  lР0At,›R› ›ю  M hЕ Juџ <; ЪM M M ццk M M M A$& & ююююююџџџџ Namoi Water PO Box 548 Narrabri NSW 2390 ABN 95 844 910 480 Ph: 0267 925 222 Fax: 0267 925 225 Email: namoiwater@optusnet.com.au Contact: John Clements Mob: 0428 896 554 Public Submission to Water Market Rules Issues Paper by Namoi Water on 9th May 2008 Namoi Water is the peak representative organisation for water entitlement holders in the Namoi Catchment Area of NSW. The issues that we raise for inclusion in Commonwealth Policy on water trading rules relate to the efficiency of the delivery of traded water through systems and ensuring that inter state trades do not prejudice caps on extraction from the point source of the trade. We also raise the responsibility of government to mitigate and pay for the social and economic cost of new policy that changes the market information that has been the basis for existing investment. The current legislative referrals also need to be clarified and tightened; equally there should be referral to the NSW monopoly abuse regulator of costs related to any new or recurrent Commonwealth Government charges. The Northern System basin The northern system basin consists of ephemeral rivers; we are not a snow melt system. Wet and dry is normal for us, and our infrastructure and policy set is geared around this reality. Trading rules must attach the characteristics of the point source system to the trade. This will send a clear signal to potential purchasers that they need to examine the system reliability when purchasing water. Traded water needs to continue to recognise the annual allocation and any embargoes of the point source of the trade. Traded water needs to include delivery losses from the point source system to delivery point. This is crucial to ensure that deliveries of town water through the northern system do not lose water to support delivery inefficiencies of traded water. Equally, this measure will prohibit transfers that are inherently inefficient due to a dry river system. This is the case within the Namoi and other northern systems now; State Water is not obligated to deliver if the orders are small and the system is dry. These decisions are taken through consultation and discussion with users. To ensure accurate Basin Plan Cap on extraction accounting, traded water needs to mimic exactly the point source allocation and any embargo rules. If this is not the case, the point source system will incur the CAP deficit of water usage in the system to which water is delivered. Trade from one system to another represents a new government policy that introduces new market information via a policy decision and not existing market forces. The nature of this new market information will lead to permanent trade from one system to another that may strand and collapse infrastructure and services built with the knowledge that trade from one valley to another was excluded by Government policy. Namoi Water will not support any change to system trading rules without government recognition and responsibility for adjusting and the management of the negative impacts caused by collapsing infrastructure and services due market place changes introduced by new government policy. The minimum would be a ramping in of the level of allowed trades as a percentage of original valley allocation. Cost of trade and the prevention of government monopoly abuse Any costs recommended by the ЬЧаФд­ДД for new market trading arrangements must be referred to the monopoly abuse regulator in NSW, (IPART), to ensure that NSW consumers are being protected from government monopoly abuse. Trade Practices Act and referrals Any referral from the Water Act 2007 must be made to specific sections of the Trade Practices Act and not generically to the ‘ЬЧаФд­ДД’. Equally, water consumers must have access to the full provisions of the TPA when questions arise as to the appropriateness of policy and practice recommended by the ЬЧаФд­ДД and any policy and subsequent practice ultimately adopted by the Commonwealth. We welcome any question from the ЬЧаФд­ДД or Commonwealth Government and are available to further discuss or meet on these matters. Yours sincerely John Clements Namoi Water Executive Officer )=БВГшъіљћ§  # ( * 1 ? 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