ONE of Australia’s biggest water speculators — Duxton Water — is helping the National Irrigators Council prepare its submission to a review into basin trading and transparency.
The NIC has put the company on its Water Market Reference Group, which is preparing the peak irrigator body’s submission to the Australian Competition and Consumer Commission’s review into water trading.
The group is even advising federal Water Minister David Littleproud on what they think should be in the ACCC’s terms of reference.
Duxton is not the only speculator to join the NIC, with Blue Sky Investments also a member and each paying $3520 annually for the privilege.
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Irrigators have repeatedly accused both companies of squeezing massive profits out of water markets, but the NIC has welcomed them as members
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