Senate debates

Thursday, 7 February 2013

Bills

Water Amendment (Water for the Environment Special Account) Bill 2012; In Committee

1:06 pm

Photo of Don FarrellDon Farrell (SA, Australian Labor Party, Parliamentary Secretary for Sustainability and Urban Water) Share this | Hansard source

It is a competitive process, and I am not sure that we can say whether the price will be higher or lower. I do not know that we can necessarily predict that at the moment. Just from the knowledge I have of the process, there are so many other factors that come into the price you might get for the sale of water that I think it would be difficult to make a prediction as to what the price will be in future by comparison to what has occurred in the past. Obviously, at the height of the drought, the prices were very high and they have certainly come down. But I am not sure we can predict at this stage exactly what will happen in the future.

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