Water Markets Intermediary Code

New regulations under the Water Markets Intermediaries Code and Trust Accounting Framework are coming into effect. These changes aim to improve transparency and protect client interests in water trading.

Key Dates:

• 1 July 2025 – Phase 1 obligations begin
• 1 October 2025 – Phase 2 obligations begin

What This Means for Clients

CIT Water Exchange is classified as a water market intermediary under the Water Act 2007. As such, we are required to comply with the new Code, which includes the following conduct obligations:

• Act in good faith
• Prioritise client interests
• Represent clients with care, skill, and diligence
• Follow lawful client instructions
• Protect confidential information
• Manage conflicts of interest

To meet these obligations, CIT Water Exchange has partnered with waterexchange.com.au as a registered Broker.

What’s Changing:

• All trades will be processed via waterexchange.com.au
• Invoices and remittances will be issued by waterexchange.com.au
• Buyers must pay into the WEX Statutory Trust Account
• Settlements will be made from the WEX Statutory Trust Account

What’s Staying the Same:

• Our Barmera-based staff remain available to assist with water trading
• Clients still need to complete a CIT Water Exchange Buy or Sell Order
• CIT Water Exchange will continue to maintain a register of orders
• Order matching will still be handled by CIT Water Exchange