Communities across the Gwydir catchment could see investment in environmental projects as the Commonwealth prepares to sell up to 15 gigalitres of annual water allocations.
The Commonwealth Environmental Water Holder says proceeds from the sale can be invested in projects including fishways, wetland rehabilitation and infrastructure improvements designed to make environmental water delivery more effective.
The money can also be used to support cultural connections or purchase water to meet environmental needs in other valleys.
Commonwealth Environmental Water Holder Dr Simon Banks said the decision followed an assessment of how much environmental water would be needed in the Gwydir during 2026–27.
“As part of our due diligence process we have analysed the amount of water for the environment needed in the Gwydir catchment for the 2026–27 year and found even in a very dry scenario we will hold sufficient volumes to achieve the environmental outcomes we are seeking. We would also be able to carryover water into the 2027–28 year.” said Banks.
“It is important to note that this is a sale of annual water allocations, not permanent entitlements.
“To get the most out of the water allocations, I have decided to sell up to 15 GL. The proceeds of this trade can be used for environmental projects that will improve the efficiency and effectiveness of environmental water delivery – everything from the installation of fishways to wetland rehabilitation to flow improvements via water infrastructure.
“An advantage of our Environmental Activities program is that we partner with other agencies and organisations to provide funding so the dollar value of projects is increased which in turn increases environmental outcomes,”
The allocations will be offered through a competitive tender opening at 10am on Tuesday, September 29 and closing at 5pm on Thursday, October 1.
The Commonwealth Environmental Water Holder says the sale involves annual allocations only and does not involve the sale of permanent water entitlements.
Banks said water trading could be used when it delivered greater environmental benefits and value for money.
“I am able to trade water allocations if this achieves better environmental outcomes and provides value for money. Ultimately I am working to value every drop of water and every dollar,” he said.
Since 2014, the Commonwealth Environmental Water Holder has sold water allocations on five occasions and committed $11.5 million to projects supporting threatened species recovery and improved wetland health.
The Commonwealth flagged a possible Gwydir trade in July as part of its 2026–27 trade intentions.
Further sales of annual water allocations elsewhere in the Murray–Darling Basin may be considered later this year.
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