ࡱ> OQN` Lbjbjss 4 n****zzz      O O O `bbbbbbh^bz"- "O ""b**  +w""*8 z `"`:,bzP n_ D: `0Ro~@oPozPO L 6 , %O O O bbO O O """"  ******  14/08/08. SUBMISSION RE PROPOSED WATER MARKET RULES. Your stated goal is to make water a more freely traded commodity. I understand the market mechanisms you are charged with creating will then determine the most economic use for this water. It is my understanding that for any market to work effectively and efficiently there needs to be a set of rules which apply across all areas the commodity is traded. This market needs to be fully informed through the transparent application of these rules. Any inequity or exceptions to these rules will distort this market and fail to meet your objective. As things stand at the moment, Victorias Goulburn Murray Water will not be subject to these new market rules. Goulburn Murray Water, although divided into many zones, controls a large percentage of the Murray Darlings Irrigation Water. If the water in these areas is not subject to the new market rules, your goal will not be achieved. They will be perceived to be operating under a different set of rules to their counterparts just across the river, and compliance with the new Market Rules will be tested. Your new trading rules will also be tested by the physical constraints of the river system. This fact seems to be one completely overlooked by those legislators who wish to free up trade in water. Water is not a commodity you can put in a Road or Rail Train and freight to anywhere you wish. It is confined by flow constraints in the rivers, streams and channels in which it flows. The simplest and most influential example of the above constraint is the Barmah Choke. Perhaps your rules should look further into this. My final comment concerns transformation. This is an abstract concept that is extremely difficult to understand. In my opinion, it will achieve little but confuse both buyer and seller adding to market distortion. Being able to move my licensed entitlement from MIL to the Darling system or Western Murray is of little use considering the second point raised in this submission concerning physical constraints of the system. Thank you for the opportunity to comment on your Paper. I hope the points raised are given due consideration.  Leigh Chappell Rostella 666 Lindifferon Lane, Deniliquin. 2710. Ph/Fax: 03 58846647. Email: rostelladeni@bigpond.com.au. 6 E F G I J L M O P  q A C 8.HIJKL;ꫤ꠾h7l hr0hr0hr0hv hm hr0hb& hxh9 vjhu!Uh} Mhu!h9 v hx5hxh/hDVhb&h%dhjhGpUmHnHu+O P  = > VWXgdx$a$gdxK%IJKLgdr0gdx 21h:pr0/ =!n"n#7$n% @Dd {H  c $F?OAR~? I"Z?DFR? I"JFIF,,LEAD Technologies Inc. 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