Labor’s raid on regional water is in our sights, with The Nationals set to introduce the Water Amendment (Ending Further Murray-Darling Basin Water buybacks) Bill 2026 today to ban Commonwealth water buybacks.
Under the legislation, Labor would be barred from buying any more permanent Basin water entitlements that would grow the Commonwealth’s share of the Murray-Darling.
Nationals Leader Matt Canavan said the Bill will not only halt further water buybacks, but also protect the water that is available for farming, towns, jobs, and productive use.
“We need to end water buybacks for the sake of saving our regional communities, after Labor started the buybacks and then committed to reclaiming an additional 450 GL,” Senator Canavan said.
“This issue needs to be fixed immediately, which is why we are introducing the legislation today.
“We are deeply concerned about Labor’s additional 450 GL and the impact it will have on regional communities. The Bill will leave temporary water allocation trading unaffected, but importantly, ensure farmers and irrigators aren’t penalised.
“We need to grow Australian farming again. And we will do that by ending the water buybacks to deliver more water to the farmers who need it, and by building dams and investing in water infrastructure like we did when we were last in office.
Senator Canavan said he was also extremely pleased to announce the launch of a Water Taskforce to get more water flowing to the bush.
Shadow Minister for Water, Michael McCormack, will lead the new Taskforce as Chair.
“The 2026 draft Sustainable Diversion Limit Adjustment Mechanism (SDLAM) determination found just 22 of the 39 notified measures are expected to be operational by the statutory deadline.
“The projects are now expected to deliver an adjustment of 340 GL per year, which is 265 GL per year below the original 605 GL assumption.
“Labor has not ruled out purchasing further permanent water entitlements to address the shortfall, and Basin communities should not be forced to bear the consequences of governments failing to deliver the agreed infrastructure and environmental projects.
“The Bill would therefore ensure the SDLAM shortfall can’t become the basis for another round of permanent Commonwealth water buybacks,” Mr McCormack said.
“The Water Taskforce will travel across our nation to investigate projects and measures that will restore water and food security,” Senator Canavan said.
“In total, Labor has cut over $7 billion in dams and water supply funding. This government has no funding and no plan to increase water or food security.
“We are facing a serious food security crisis unless we can grow more food. While the value of agricultural production has doubled since 2000, the volume of produce grown has only risen 30 per cent. At the same time our population has grown by 50 per cent.
“While Labor spends its time locking water away from farming communities, we will end Labor’s green ideology, outlaw future water buybacks, and restore the vision our grandparents had to actually build and grow our nation.
“That’s why I’ve asked Michael McCormack to lead what I like to call the raiders of Labor’s lost dams. He will lead a team that will travel to the frontiers of our nation and find the water storage projects Labor has shelved and make the case to build them.”
