0798.E1.O1Confirm entitlement and current water holding account
0798.E1.O2Determine regulatory limits on amount of water that can be carried over
0798.E1.O3Determine quantities of water to carryover, sell or park
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Sector Frameworks
1,164
Qualifications
15,161
Competency Units
10,938
Elements
41,782
Learning Outcomes
2,822
Assessment Packages
Identify carryover water or continuous accounting
KHU-AGR-0798
Australian Equivalent
AHCWAT506
Elements
4
Learning Outcomes
22
This unit of competency describes the skills and knowledge required to evaluate options to determine what to do with water that may be carried over from one year to another, including sale or storage. In Queensland, carryover may also be referred to as continuous accounting. In this unit the terms 'carryover water' and 'continuous accounting' are used interchangeably to describe an arrangement which allows a water access right holder to retain water allocations not taken in a water accounting period for possible take in the next water accounting period. Carryover may also include parking excess water. 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 evaluate options to manage their water holdings. The unit may be used by agricultural workers, inclu
Elements & Learning Outcomes
40798.E2.O1Monitor long term weather and water allocation announcements, and other announcements that may affect water trading decisions
0798.E2.O2Research storage facilities where carryover or continuous accounting water may be stored
0798.E2.O3Research trading zones where water may be sold prior to end of water year
0798.E2.O4Research regulations and rules that apply to storing and/or selling carryover or continuous accounting water
0798.E2.O5Determine costs of storing water
0798.E2.O6Undertake cost benefit analysis and risk analysis related to selling, buying or retaining water as carryover or continuous accounting
0798.E2.O7Identify water loss risks associated with having water in account that is not carried over, sold or parked at end of water year
0798.E2.O8Decide quantity of water to store as carryover or continuous accounting water
0798.E3.O1Identify platforms, water brokers and other trading options to facilitate the holding of water as carryover or continuous accounting
0798.E3.O2Select person or organisation that has capacity to hold water as carryover or continuous accounting, negotiate and agree costs of storage and retrieval of water
0798.E3.O3Select water trading platform and/or engage water broker to facilitate carryover water transaction if required
0798.E3.O4Check and confirm terms and conditions of carryover water or continuous accounting contract.
0798.E3.O5Commit to carryover water or continuous accounting transaction and complete transaction using appropriate water broker, trading platform or other method
0798.E3.O6Undertake ongoing requirements that apply to transaction, if required
0798.E4.O1Assess parking space available as part of water entitlement and potential risks of leasing the parking space
0798.E4.O2Research market and determine pricing of parking space
0798.E4.O3Check formal and informal leasing opportunities
0798.E4.O4Negotiate rental or lease of space and complete documentation
0798.E4.O5Identify ongoing compliance requirements of agreement