Unit of competency Outline

Date retreived
23/07/2026 2:58 PM AWST

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Purchase and sell temporary water for irrigated agriculture and horticulture

Purchase and sell temporary water for irrigated agriculture and horticulture

Unit of competency
National Code
AHCWAT505
State Code
OED41
TGA Status
Current
DTWD Status
Approved
Current Release Number
1.00
Current Release Date
31/07/2022
View on TGA
State Implementation and Classification
Approved Date
17/10/2022
Field of Education
050901 - Land, Parks And Wildlife Management
Original Release Date
17/10/2022
Nominal Hours
90
Description
This unit of competency describes the skills and knowledge required to navigate water markets, purchase and sell water products for irrigatedagriculture and horticultureThe unit applies to individuals that apply specialised knowledge, skills and judgement to navigate complex water regulations and markets, research and analyse information, monitor change and develop strategies to purchase and sell water. The unit may be used by agricultural workers, including those that purchase water to grow permanent or annual crops and/or livestock. It may also apply to the purchase and sale of water for other sectors.Commonwealth and state/territory and regional/local legislation, regulations and rules apply to the purchase, sale and use of water. Requirements vary between jurisdictions.No licensing, legislative or certification requirements apply to this unit at the time of publication.
Notes
Elements and Performance Criteria
1. Undertake preliminary research
  • 1.1 Identify the agriculture or horticulture activity and cyclical and/or seasonal water requirements
  • 1.2 Identify rules, risks and limitations that have potential to affect water market
  • 1.3 Determine volume of water, including transmission losses and timing of watering to successfully undertake the agriculture or horticulture activity
  • 1.4 Identify existing water reserves, water allocations and determine additional water to be purchased
  • 1.5 Identify water product required
  • 1.6 Identify eligibility and conditions to purchase water according to regulatory requirements
  • 1.7 Monitor water market allocation announcements, product releases, pricing and other announcements that may affect water purchase.
2. Prepare for water purchase
  • 2.1 Research water market and identify water products that are suitable and available in trading areas
  • 2.2 Undertake risk and cost benefit analyses to determine return on investment associated with proposed water purchase
  • 2.3 Develop strategy for purchasing water, and sequencing water acquisition if required
  • 2.4 Determine quantity, type and price range of water product required
  • 2.5 Identify platforms, water brokers and other trading options to purchase water
  • 2.6 Identify and calculate fees, commissions and other costs related to water purchase
  • 2.7 Seek legal, financial, agronomical and other specific advice related to proposed water purchase as required
  • 2.8 Monitor water market for product releases, pricing and other variables that affect water purchase
3. Purchase water
  • 3.1 Select and confirm water product chosen is available, within budgeted price range, and meets specific regulatory requirements for buyer's proposed use
  • 3.2 Select water trading platform and/or broker or method to purchase water, and apply to purchase and use water if required
  • 3.3 Check and confirm terms and conditions for sale
  • 3.4 Complete water transaction, payment and other regulatory reporting requirements, including options for financing
  • 3.5 Confirm water transaction has been lodged with regulatory authority
  • 3.6 Undertake ongoing requirements that apply to the water trade, if required
4. Determine water available for sale
  • 4.1 Check balance available for sale
  • 4.2 Research current season water outlook and identify possible allocation for new season
  • 4.3 Identify water pricing and availability trends
  • 4.4 Undertake cost benefit analysis to determine whether to carryover or sell water
  • 4.5 Decide water product and quantity proposed for sale and/or retention
5. Prepare to sell water
  • 5.1 Identify conditions to sell water according to regulatory requirements and confirm water quantity eligible for sale
  • 5.2 Developstrategy for selling water, and sequencing water sales if required
  • 5.3 Undertake risk analysis associated with proposed water sale
  • 5.4 Determine quantity, class and type and price range of water product to be sold
  • 5.5 Identify platforms, water brokers and other trading options to sell water
  • 5.6 Identify and calculate fees, commissions and other costs related to water sale
  • 5.7 Seek legal, financial and other relevant advice related to proposed sale water if required
  • 5.8 Monitor water market for product releases, pricing and other variables that affect water purchase
6. Sell water
  • 6.1 Confirm water product offered for sale meets regulatory requirements and is priced competitively
  • 6.2 Check and confirm terms and conditions for contract of sale
  • 6.3 Commit to sell water, select water trading platform and/or broker or othermethod to sell water, and list water for sale
  • 6.4 Accept suitable purchase offer, complete water transaction, confirm payment and other regulatory reporting requirements
  • 6.5 Confirm water transaction has been lodged with regulatory authority
  • 6.6 Undertake ongoing requirements that apply to the water trade, if required
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