Restore transparency, integrity and confidence to water markets including:
* a single digital platform for national water data management
* a new water market website to publish minute-by-minute updates on water market information
* water market data standards that prescribe the data that must be provided to the Bureau of Meteorology to support transparency and enforceability of the new water market regulatory regime.
The Government will provide $32.7 million over 4 years from 2023-24 (and $3.4 million per year ongoing) to restore transparency, integrity and confidence to water markets including:
* a single digital platform for national water data management
* a new water market website to publish minute-by-minute updates on water market information
* water market data standards that prescribe the data that must be provided to the Bureau of Meteorology to support transparency and enforceability of the new water market regulatory regime. Partial funding for this measure will be held in the Contingency Reserve until the project's ICT investment approval process is completed. This measure builds on the 2022-23 October Budget measure titled Murray-Darling Basin - water market reform. Cross Portfolio | Cross Portfolio