Commonwealth Consolidated Acts

WATER ACT 2007 - SECT 135J

  (1)   The Director of Meteorology may, by legislative instrument, issue Water Markets Data Standards relating to water markets information.

  (2)   Without limiting subsection   (1), Water Markets Data Standards may deal with all or any of the following:

  (a)   the details for collecting, generating, recording or providing water markets information as required by Division   4;

  (b)   the details of the persons or bodies that will be required to collect, generate, record or provide water markets information as required by Division   4;

  (c)   any other matter relating to water markets information that is specified in the regulations.

  (3)   Without limiting subsection   (1), Water Markets Data Standards may do one or more of the following:

  (a)   be expressed to apply to a specified water resource or area;

  (b)   provide for methods of identifying the following:

  (i)   water market participants;

  (ii)   eligible water markets intermediaries;

  (iii)   water market authorities;

  (iv)   other persons;

  (v)   individual trades or transfers;

  (c)   provide for metadata requirements;

  (d)   provide for time periods in respect of, or within which, the water markets information is required to be collected, generated, recorded or provided;

  (e)   provide for the manner in which the water markets information is to be collected, generated, recorded or provided.