South Australian company Waterfind was presented with the Water Industry Alliance Smart Leadership Award on Friday for its innovative Forward Water Market.
Recent changes in legislation led to Waterfind’s new market which allows irrigators to legally conduct forward water trades, leading to increased water security and crop production.
“We believe that the Waterfind Forward Water Market revolutionises water trading. We understand that security of markets and settlements is a core issue for water market participants," said Waterfind CEO Tom Rooney.
"Transfers through Waterfind’s Forward Water Market are conducted through Australia’s only quality assured online water exchange which utilises independently audited trust accounts, standardised contracts and best in practice settlement procedures."