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Water market among Australia’s least regulated sectors | The Land



AN AUSTRALIAN Competition and Consumer Commission commissioner working on the authority’s report into water markets in the Murray Darling Basin said the water industry was among the least regulated he has encountered in Australia.

Stephen Ridgeway, who has extensive experience in the business world, including roles in mining, telecommunications and energy, said the legal requirements found even in other areas of agriculture, such as real estate or livestock did not apply in water.

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“You have none of the checks and balances of industries such as real estate or even stock and station agents, there is no fiduciary duty requirement for agents to act in their clients’ best…

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