The Victorian government is committed to increasing water market transparency, including about the practices of water brokers. This includes maintaining a current listing of the names of water brokers that meet government standards required for using Victoria’s online Broker Portal or API (the portal).

DELWP audits water broker firms that use the portal to monitor broker compliance with their portal access obligations.

This Water Broker Status Report (below) lists broker firms that were included in DELWP’s latest annual broker audit and brokers that have started using the portal after the last audit period. It shows the portal access status and insurance cover of each of these brokers. This report will be updated after each annual audit of water brokers and as needed throughout the year.

Water broker status report^ for portal access and insurance cover 

Water brokerHas access to the broker portal/API*Has professional indemnity insurance
Advance Water Trade Yes Yes
Charles L King & Co Yes Yes
Elders Rural Services Australia Ltd Yes Yes
Elstone Agency Pty Ltd Yes Yes
Gordon Agencies Pty Ltd Yes Yes
Graeme Hayes Real Estate Pty Ltd Yes Yes
H20 Exchange Pty Ltd Yes Yes
Integra Water Services Yes Yes
Key Water Commodities Pty Ltd Yes Yes
Landmark Operations Yes Yes
National Water Brokers Yes Yes
Paul Smith Water Sales Yes Yes
Peter Wilson Livestock & Real Estate Pty Ltd Yes Yes
Planright Transferable Water Exchange Yes Yes
R + D Water Broking Services Pty Ltd Yes Yes
Southern Rivers Water Brokers Yes Yes
Southern Water Brokers (PMR Assets) Yes Yes
Terra Ag Rural Agencies Pty Ltd Yes Yes
True Blue Water Exchange Pty Ltd Yes Yes
Water Exchange Australia Pty Ltd trading as Wilks Water Yes Yes
Waterfind Pty Ltd Yes Yes
Water Partners (Aust) Ltd Yes Yes
Wex Water Pty Ltd Yes Yes

Notes:
^ Last updated November 2020
*At least $5M of professional indemnity insurance is a mandatory requirement for any broker entering an agreement with the DELWP to use the Victorian Broker Portal. This requirement is checked when a broker signs up and through the broker audit process. In the intervening periods, it is possible for a broker firm to be non-compliant with this requirement without the Department’s knowledge.

WATER BROKER AUDITS

Since 2013-14, DELWP has conducted an annual audit of water brokers that use the Victorian Broker Portal or Broker API. According to the Access Agreement signed by each water broker, the audit is a condition of ongoing access to these facilities.

As part of the audit, DELWP uses an independent auditor which assesses broker firms for compliance with the Access Agreement. The audit gives a degree of broker regulation and is significant in that it covers most of the allocation trades in northern Victoria.

To date, a summary of the key findings of the audit has been made public each year on the Victorian Water Register website. These public summary reports are available below.