Recent changes to s106 of the Water Act 2007 have increased the flexibility for the Commonwealth Environmental Water Holder (the ‘CEWH’) to sell water allocations if the proceeds are used for water acquisitions or environmental activities. Under the legislation, the CEWH can only invest in environmental activities that will improve environmental outcomes, and are undertaken for the purpose of protecting and restoring environmental assets in the Murray-Darling Basin.

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0px">The CEWO has released a Discussion Paper - Development of a Framework for Investing in Environmental Activities (Discussion Paper) and is seeking feedback on what type of environmental activities the community would like to be considered when developing a framework for future investments. The Discussion Paper provides background on the guiding environmental priorities and legislative scope limitations for future investments as well as a set of discussion questions to consider.

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0px">The discussion paper is open for public consultation until 30 November 2017.

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