Part 1: Capital Measures (Continued)
Sustainability, Environment, Water, Population and Communities
Water for the Future — bridging the gap in the Murray-Darling Basin
| 2009‑10 | 2010‑11 | 2011‑12 | 2012‑13 | 2013‑14 | |
|---|---|---|---|---|---|
| Department of Sustainability, Environment, Water, Population and Communities | - | - | - | - | - |
The Government will provide funding of $310.0 million per annum from 2014-15 to bridge any remaining gap between the level of water returned to the Murray-Darling Basin under existing Water for the Future initiatives and the level required to be returned under the final Murray-Darling Basin Plan.
The independent Murray-Darling Basin Authority has released a Guide to the proposed Murray-Darling Basin plan. There are another 12 months of consultation before the Minister is presented with a final Murray-Darling Basin Plan. The final plan requires Ministerial signoff and is subject to the scrutiny of both houses of Parliament.
The additional funding will be used to continue buying back water entitlements each year beyond 2014. Any buy backs will be subject to the availability of water for purchase from willing sellers.
This measure delivers on the Government's election commitment.
Water for the Future — reallocation of water expenditure
| 2009‑10 | 2010‑11 | 2011‑12 | 2012‑13 | 2013‑14 | |
|---|---|---|---|---|---|
| Department of Sustainability, Environment, Water, Population and Communities | - | 150.0 | 100.0 | - | - |
| Related expense ($m) | |||||
| Department of Sustainability, Environment, Water, Population and Communities | - | - | - | -200.0 | -250.0 |
The Government will bring forward $250.0 million of funding from 2013‑14 to 2010‑11 and 2011‑12 and defer $200.0 million of funding from 2012‑13 to 2014-15 under the Water for the Future package. The funding will also be reallocated to the purchase of water entitlements, from willing sellers, in the Murray-Darling Basin. The $450.0 million will be returned for use on water infrastructure projects beyond 2014-15, from the post 2014-15 allocation for the Restoring the Balance in the Murray Darling Basin program, ensuring no change to total program spending over the life of the programs.
This measure delivers on the Government's election commitment.
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