MY comment is two-fold.
 A - It is a shame that the late Professor Peter  Cullen did not live to see this eventuate.
 B - Senator Penny Wong is a good Minister, and a very  good South Australian Senator. 
That latter point is highlighted throughout this  statement, (and the outcome itself). That is not a criticism - far from it. I  think she has done an excellent job in bringing some sanity the Murray River  deal, including the "buy-back" of water for environmental flows in the Murray  River.
 Denis Wilson
 Robertson NSW 2577
 *******************************************************
Senator Penny Wong's Press Release 26 March 2008
 MURRAY DARLING DEAL  DELIVERED
 Prime Minister Kevin Rudd and First Ministers from across  the Murray Darling Basin today forged an historic deal for the future of the  Basin, ending a year long stalemate between the States and the Commonwealth and  over a decade of inaction.
 In Adelaide for the first COAG meeting of the year, all  parties agreed to a new approach to drive reform in securing water for  households, farmers and the long-term health of the Murray Darling  Basin.
 The deal includes: 
         - The establishment of the independent Murray Darling      Basin Authority as the single body responsible for the overarching      management of the Basin;
   - Arrangements giving the Commonwealth Minister power to      approve a new Basin-wide plan, including a new cap on the amount of water      used in the Basin, based on independent advice from the Authority;   
   - A commitment to provide for critical human needs and      arrangements to allow South Australia to store water in upstream dams to      ensure there's enough water for Adelaide and towns reliant on the Murray for      drinking water;
   - Continuation of the States role in setting annual water      allocations, decisions on natural resource management across the Basin and a      new role to provide input to the Basin-wide plan; 
   - An in-principle commitment from the Commonwealth to      invest up to $1 billion in Stage 2 of the Foodbowl Project in Victoria to      return 100 billion litres of water to the Murray River and an equivalent      volume of water to farmers in the Goulburn region; and
   - Adoption of new reform outcomes and investment      priorities for Commonwealth spending in the Murray Darling Basin.   
 
 The deal follows lengthy negotiations between the  Commonwealth and Victoria. 
 Minster for Climate Change and Water, Senator Wong will now  progress work with stakeholders on the implementation of this  agreement.
 COAG agreed in 1994 to a range of reforms across the Murray  Darling Basin, but implementation of these reforms has been too slow and the  River Murray has continued to decline.
 "The Murray Darling Basin has been "Centre Court" for the  Blame Game over the past decade," Senator Wong said. 
 Flows to rivers across the Basin have been below average for  the past eleven years, with the past two years in the southern basin the worst  on record.
 "We've already taken immediate action in the area of  purchasing water to put back in the River since forming government, but the  problems in the Murray Darling Basin need a long term solution," Senator Wong  said.
 "Today we've laid the foundations for the long term future  of the Murray Darling Basin and delivered on our election commitment to deliver  for the Basin."
 Establishing the new Murray Darling Basin Authority  (MDBA) 
 Following good progress at the last Murray Darling Basin  Ministerial Council meeting earlier this month, First Ministers have agreed to  bring the Murray Darling Basin Authority together with the existing Murray  Darling Basin Commission.
 "The delivers a key election commitment of our Government to  ensure there is a single body responsible for the oversight of the Murray  Darling Basin."
 The independent authority will be responsible for developing  the new Basin-wide plan. 
 The States have agreed that the Commonwealth Minister will  approve the Basin-wide plan, including a new cap on the amount of water that can  be taken from the rivers and groundwater systems of the Basin based on the  independent advice of the Authority. 
 Unlike the arrangements put forward by Malcolm Turnbull last  year, the governance arrangements for the new Authority will take account for  the need to continue to work closely with the States by ensuring they are  consulted on the Basin-wide plan.
 "We recognise that a cooperative approach is in the best  interests of the communities, farmers and natural environment of the  Basin."
 The States will also retain a decision making role through a  new Ministerial Council in relation to existing functions that will be moved  from the Murray Darling Basin Commission into the new Authority.
 Critical human needs 
 A key agreement from today's meeting is to provide for  critical human needs in the overarching Basin Plan to be developed by the new  Murray Darling Basin Authority.
 This addresses a key fault in the previous government's  failed plan, which did not address the important issue of drinking water  supplies in the Basin.
 "Here in Adelaide, people understand that a plan for the  future of the Murray Darling Basin has to address the needs of people who rely  on the River for their drinking water."
 In addition, South Australia will be able to store water in  Hume Dam and Dartmouth Dam which will give South Australia better flexibility to  manage its share of the Murray to meet the needs of Adelaide  households.
 Fast-tracking infrastructure investment – Stage 2 Foodbowl  Project 
 Inline with our election commitment to accelerate investment  in the Murray Darling Basin, the Commonwealth has given in-principle support to  provide up to $1 billion to Stage 2 of the Foodbowl Project in Victoria, subject  to due diligence.
 The previous government did not invest a single dollar in  infrastructure under their National Plan for Water Security announced in January  2007.
 Stage 2 of the Foodbowl Project is expected to return  approximately 100 billion litres to the Murray River, with an equivalent amount  of water to be provided to farmers in the Goulburn area of Victoria.
 Subject to due diligence, the project would commence in  2009/10. 
 "Stage 1 of the Foodbowl Project is already well progressed  and forms a key plank of Victoria's water plan," Senator Wong said.
 "I'm looking forward to the opportunity to work with  Victoria on due diligence for this project." 
 Reform and Investment priorities across the Basin  
 Unlike the previous government, we have worked with the  States to identify high level reform objectives and investment priorities to  drive how the Commonwealth will deliver investment in the Basin under the $10  billion plan.
 "The previous government sought a blanket referral of powers  and were unsuccessful in getting support for their plan," 
 "What we've done is to work with the States to identify how  we can start to amend the damage caused by years of neglect."
 Today's agreement will be formalised through an  Intergovernmental Agreement to be provided at the July 2008 COAG  meeting.
 On top of implementing this new approach for the Basin, the  Commonwealth will continue to purchase water from willing sellers as part of the  $50 million buy-back announced in February this year.  This buy-back is the  first time the Australian Government has ever directly purchased water for the  environment.
End of Senator Wong's Press Release.