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Basin buyback cap one step closer: McCormack

Irrigators within the Murrumbidgee and Coleambally Irrigation Areas are one step closer to having Commonwealth water buybacks capped, thanks to legislation introduced to Federal Parliament.

“The 1500 gigalitre water buyback cap is something I pushed for when I crossed the floor on the Murray-Darling Basin Plan in 2012,” Riverina MP Michael McCormack said.

“It is vital that Basin communities have confidence and stability, and the introduction of the cap on water buybacks is an important step in delivering what we promised at the last election.”

Mr McCormack reiterated that Basin policy needs to consider a triple-bottom-line approach.

“Capping buybacks won’t just help farmers and irrigators, it will also shore up Basin businesses, communities and other stakeholders which keep vibrant towns and cities such as Griffith, Leeton and Coleambally going,” Mr McCormack said.

“Whilst the environment is important, equally so are the people and the economies of Basin communities.”

The legislation will be debated in the House of Representatives from next week.

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