ACCC proposes federal takeover of Murray-Darling Basin water markets

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a river running through a body of water: Photograph: Jenny Evans/Getty Images


© Provided by The Guardian
Photograph: Jenny Evans/Getty Images

The Australian Competition and Consumer Commission has proposed a possible federal takeover of the water markets in the Murray-Darling Basin, licensing of water brokers and new robust rules and oversight in order to ensure the $1.5bn water market operates fairly.

But the report, which delivers a scathing assessment of how the markets are operating, does not support a return to the old system that existed before the Murray Darling Basin plan, where water entitlements were tied to land.

It argues that a return to the old system, which has been advocated by some farmers, would result in the loss of significant benefits that come from water trading, including more efficient use of water and allowing farmers to manage their water needs, trade water and free up capital.



a river running through a body of water: The Darling river at Louth, NSW. The Australian Competition and Consumer Commission has found the water markets in the Murray-Darling Basin have outgrown their current regulatory system run by the states and need robust new rules.


© Photograph: Jenny Evans/Getty Images
The Darling river at Louth, NSW. The Australian Competition

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Forum Financial Management, LP Named to the 2020 Financial Times 300 Top Registered Investment Advisers

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LOMBARD, Ill., July 30, 2020 /PRNewswire/ — Forum Financial Management, LP has been named to the 2020 Financial Times 300 Top Registered Investment Advisers (FT 300). As of December 2019, Forum Financial Management has more than $4.5 billion of assets under management and serviced.

Forum Financial Management, LP Logo (PRNewsfoto/Forum Financial Management)

Karma Forrestal, Forum partner and co-founder of the Forum Women’s Initiative, attributes the steady increase of new clients in the first half of 2020 to efforts by Forum advisors to counsel as many clients and new investors as possible. A feat not easily accomplished in the middle of a pandemic, as Forrestal relates in her July FPA Next Generation Planner feature article on COVID-19 and previous market crises.   

Regarding Forum’s consecutive appearances on the FT 300, Forrestal said, “We are committed to the growth of this firm, which we have defined as growth that

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