Established in May 2007, the AWBA represents the interests of water brokers and other participants of the water trading industry throughout Australia. The Associations primary role is to set and maintain the highest standards of professional practice, education, ethics and professional conduct for it members and the broader water broking industry.
Members of the AWBA include companies and individuals who have been at the forefront of the emerging water trading market within Australia. From as far back as 1991, many members have been responsible for pioneering water trading / broking services to rural customers Australia wide.
Currently the water broking industry is unregulated with low barriers to entry and as such any firm / individual can offer services to vendors and purchasers without a basic level of experience and knowledge. Often the services provided by such operators are not satisfactory which creates a negative experience to clients participating in the water market.
The AWBA seeks to address this issue by introducing such measures as a Code of Ethics and Standards, together with ongoing Continuous Professional Development (CPD) requirements for all it’s members. Currently, the AWBA is petitioning and seeking to be recognised and supported by the ACCC and other State and Federal Government bodies involved in the water market.