Australian government's water buyback 'displayed Pythonesque haggling skills'

Australia Institute says commonwealth paid 25% more than initial price for Condamine-Balonne river system buyback"Monty Pythonesque" is how the Australia Institute has described the federal government's decision to pay $80m for a water buyback in the Condamine-Balonne river system in Queensland last year.The Guardian reported earlier this month that the company selling the water to the commonwealth, Eastern Australian Agriculture, had immediately recorded a $52m gain on the sale of its water in July 2017. The company itself had valued the water rights much lower in its accounts. Continue reading...