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Assessment Packages

Purchase and sell temporary water for irrigated agriculture and horticulture

KHU-AGR-0797

Australian Equivalent
AHCWAT505
Elements
6
Learning Outcomes
40

This unit of competency describes the skills and knowledge required to navigate water markets, purchase and sell water products for irrigated agriculture and horticulture The 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.

Elements & Learning Outcomes

6
E1Undertake preliminary research
0797.E1.O1Identify the agriculture or horticulture activity and cyclical and/or seasonal water requirements
0797.E1.O2Identify rules, risks and limitations that have potential to affect water market
0797.E1.O3Determine volume of water, including transmission losses and timing of watering to successfully undertake the agriculture or horticulture activity
0797.E1.O4Identify existing water reserves, water allocations and determine additional water to be purchased
0797.E1.O5Identify water product required
0797.E1.O6Identify eligibility and conditions to purchase water according to regulatory requirements
0797.E1.O7Monitor water market allocation announcements, product releases, pricing and other announcements that may affect water purchase.
E2Prepare for water purchase
0797.E2.O1Research water market and identify water products that are suitable and available in trading areas
0797.E2.O2Undertake risk and cost benefit analyses to determine return on investment associated with proposed water purchase
0797.E2.O3Develop strategy for purchasing water, and sequencing water acquisition if required
0797.E2.O4Determine quantity, type and price range of water product required
0797.E2.O5Identify platforms, water brokers and other trading options to purchase water
0797.E2.O6Identify and calculate fees, commissions and other costs related to water purchase
0797.E2.O7Seek legal, financial, agronomical and other specific advice related to proposed water purchase as required
0797.E2.O8Monitor water market for product releases, pricing and other variables that affect water purchase
E3Purchase water
0797.E3.O1Select and confirm water product chosen is available, within budgeted price range, and meets specific regulatory requirements for buyer's proposed use
0797.E3.O2Select water trading platform and/or broker or method to purchase water, and apply to purchase and use water if required
0797.E3.O3Check and confirm terms and conditions for sale
0797.E3.O4Complete water transaction, payment and other regulatory reporting requirements, including options for financing
0797.E3.O5Confirm water transaction has been lodged with regulatory authority
0797.E3.O6Undertake ongoing requirements that apply to the water trade, if required
E4Determine water available for sale
0797.E4.O1Check balance available for sale
0797.E4.O2Research current season water outlook and identify possible allocation for new season
0797.E4.O3Identify water pricing and availability trends
0797.E4.O4Undertake cost benefit analysis to determine whether to carryover or sell water
0797.E4.O5Decide water product and quantity proposed for sale and/or retention
E5Prepare to sell water
0797.E5.O1Identify conditions to sell water according to regulatory requirements and confirm water quantity eligible for sale
0797.E5.O2Develop strategy for selling water, and sequencing water sales if required
0797.E5.O3Undertake risk analysis associated with proposed water sale
0797.E5.O4Determine quantity, class and type and price range of water product to be sold
0797.E5.O5Identify platforms, water brokers and other trading options to sell water
0797.E5.O6Identify and calculate fees, commissions and other costs related to water sale
0797.E5.O7Seek legal, financial and other relevant advice related to proposed sale water if required
0797.E5.O8Monitor water market for product releases, pricing and other variables that affect water purchase
E6Sell water
0797.E6.O1Confirm water product offered for sale meets regulatory requirements and is priced competitively
0797.E6.O2Check and confirm terms and conditions for contract of sale
0797.E6.O3Commit to sell water, select water trading platform and/or broker or other method to sell water, and list water for sale
0797.E6.O4Accept suitable purchase offer, complete water transaction, confirm payment and other regulatory reporting requirements
0797.E6.O5Confirm water transaction has been lodged with regulatory authority
0797.E6.O6Undertake ongoing requirements that apply to the water trade, if required
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