An audit of the Federal Government's strategic water buybacks in the Murray-Darling Basin has found a number of flaws in the Government's approach.
The Auditor-General has found a long list of flaws in the Federal Government's approach to strategic water buybacks, according to a new report.Auditor-General's report finds Government buyback program lacked a focus on value for money.Water minister Keith Pitt has accepted all four recommendations.
It said while the water buybacks were under the market price at the time, there was a lack of focus on competition and 'value for money'.in the Murray-Darling Basin off farmers, for environmental purposes. When former water minister David Littleroud requested the audit, he hoped it would bolster the community's confidence in the strategic buyback process.
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