Coalition delivers election commitment with 1500GL water buyback cap
Federal member for Calare, the Hon John Cobb has welcomed the Water Amendment Bill 2015 passing through the Senate yesterday as it provides certainty for communities.
The legislation caps water buybacks in the Murray- Darling Basin to 1500 gigaltires (GL), to give irrigators and farmers in our community a strong plan for the future.
Mr Cobb said,” The Government has long been committed to returning the Murray-Darling Basin to health while supporting agriculture and this cap looks after our producers”.
“This reform shows real progress is being made in supporting our farmers which will improve productivity and supports the long-term future of our region”.
The Coalition is investing $2.5 million a day until June 2019 into irrigated agriculture and many in our community have already benefited from this record investment.
The Basin Plan represents the culmination of more than two decades of water reform, two decades of bipartisanship, and two decades of cooperation between all Basin Governments.
The 1500GL cap on water purchases was one of the Coalition’s key pre-election commitments and the recovery of water will be prioritised through investment in on and off-farm infrastructure.
To date 1164.6GL of water has been purchased, leaving 335.4GL of ‘headroom’ before the 1500GL limit would be reached.
The Bill also amends the Basin Plan to broaden the types of efficiency projects to include participation by consumptive water users in off-farm efficiency projects.
As part of the Basin Plan water reforms, the Australian Government is making an unprecedented capital investment of almost $6 billion in the future of irrigated agriculture in the Basin.
The Murray Darling Basin includes all or most of every Local Government Area in Calare.