Friday, May 10, 2024

Take buybacks off the table – MRSG

Recent stories

Murray Regional Strategy Group, The Koondrook and Barham Bridge Newspaper

A leading community and farming representative group in the NSW Murray is calling on the Albanese Government to “take water buybacks off the table”.

It comes after Water Minister Tanya Plibersek announced buybacks would be used to recover water, including an additional 450 gigalitres which was not part of original Murray-Darling Basin Plan recovery targets.

The Murray Regional Strategy Group represents numerous community, farming and Indigenous organisations and has spent several years researching and developing ways to deliver the most effective Basin Plan.

Its chair, Geoff Moar, described news of the buybacks as a “dagger in the heart” of rural communities, especially after constant government promises that they would only be considered if there were no negative social and economic consequences.

While Mr Moar welcomed the extension to Basin Plan timelines announced by Ms Plibersek, he questioned how a Labor Government could support buybacks when there is so much evidence around the job losses they cause in rural communities.

“There are good reasons why buybacks were abandoned by the previous federal government as a method to recover environmental water, and they should never have been reintroduced by the Albanese Government,” he said, adding it was “incomprehensible” that despite all the evidence, Water Minister Plibersek continues to advocate for buybacks. Estimates put the job losses from previous buybacks at more than 3,000.

Mr Moar emphasised that Ms Plibersek seems to have forgotten the promises from past Labor governments that buybacks would not occur without adhering to the strict socio-economic criteria, and that the additional 450 gigalitres was not part of the original Basin Plan, only being added with blackmail from the South Australian Government that it would not sign up to the plan unless it was included.

“It is devastating that we now have a situation where Ms Plibersek is using the same tactics to get other states on side with her reviewed plan, while at the same time ignoring the numerous better options to deliver environmental outcomes. The damage to our communities was recognised and that is why the socio-economic neutrality test was introduced; now the Albanese Government wants it abandoned for nothing more than political gain,” Mr Moar said.

He believes the cost of the buybacks also appears to be an issue that Tanya Plibersek is ignoring. Water trading experts have advised there would be a significant increase in the cost of buying water compared to the buybacks of a decade ago, with estimates to buy additional volumes to complete the Basin Plan put as high as $20 billion.

“I am sure there are numerous individuals on hospital or housing waiting lists who would see addressing these crucial areas as a far greater priority, especially when buybacks are just not needed. We can achieve a healthy Basin environment without this approach,” Mr Moar said.

He believes the Albanese Government must honour parameters around the socio-economic neutrality test, and acknowledge the indisputable fact that buybacks are not possible without causing damage to rural communities.

He said the view across the NSW Murray that it was impossible to have water buybacks without causing socio-economic damage has even been recently supported by water law expert Dr Erin O’Donnell, a lecturer at the University of Melbourne.

She has been quoted in recent media reports stating that “it’s simply not possible to buy water without there being any kind of social or economic impact.”

“Of course, because we have lived through the devastation of previous buybacks, we know only too well that this is the case. We are calling on Water Minister Plibersek to provide guarantees that it will not sacrifice rural communities in its pursuit of an ideological goal to achieve questionable Basin Plan recovery targets.

“Instead, we should be prioritising the many alternative solutions which have been researched and presented by Murray Regional Strategy Group and other organisations,” Mr Moar said. He highlighted sensible solutions and options which can achieve environmental outcomes without recovering more water including:

  • complementary measures – native fish restocking, controlling invasive species, riverbank revegetation, fish ladders just to name a few;
  • utilising natural and manmade waterways in addition to the Murray River – such as the NSW Murray Valley Road Map developed by MRSG;
  • turn on the Adelaide desalination plant – there’s 100GL in savings straight away.

“It is a great shame that we are even talking about buybacks when these sensible alternatives exist. We will keep providing the Minister with achievable solutions and advocate for the best long-term Basin Plan, not the quickest and easiest plan that has the potential for dire consequences not just in our communities, but for the future food security of our nation,” Mr Moar said. 

The Koondrook and Barham Bridge Newspaper 31 August 2023

This article appeared in The Koondrook and Barham Bridge Newspaper, 31 August 2023.

KEEP IN TOUCH

Sign up for updates from Australian Rural & Regional News

Manage your subscription

We don’t spam! Read our privacy policy for more info.

For all the news from The Koondrook and Barham Bridge Newspaper, go to https://www.thebridgenews.com.au/