In a lively panel session held at the ABARES Outlook 2021 virtual conference, entitled ‘Improving water market outcomes in the southern Murray-Darling Basin’, Mick Keogh, the Deputy Chairman of the ACCC responsible for small business and agriculture, and lead author of a report on the water market recently handed to the Federal Treasurer, alluded to the idea of establishing a water market in Australia akin to the regulatory environment of the Australian Stock Exchange (ASX).