South Australia suspends NSW water trade
The South Australian Government has announced the immediate suspension of water trading with New South Wales to South Australia until the end of March to protect the state’s entitlement flow.
The suspension comes after the Victorian Government cut trade for the remainder of the 2011-12 water year from NSW.
Minister for Water and the River Murray Paul Caica said the Victorian and NSW suspensions demonstrate that when it comes to Murray-Darling Basin water the upstream states will always act in their own self-interest without regard to its broader impacts within the Basin.
“The trade suspensions announced by Victoria and New South Wales have forced the South Australian Government to suspend water allocation trade from New South Wales into South Australia from the close of business March 23 to March 31 inclusive,’’ he said.
“The Government will honour all trades that have been already lodged for processing between NSW and South Australia.
“While making this limited suspension of trade is unfortunate, taking no action could jeopardise SA’s entitlement flow for the 2012-13 water year – potentially leading to a reduction in water allocations for consumptive users and the environment.