2023-24 END OF SEASON CLOSURE DATES

WATER SUPPLY

The end of the water supply season is approaching. We are planning to close the river offtake on Friday 24 May 2024 to start the annual winter maintenance period.

Members will be asked for their late season water requirements closer to the date. In planning their late season irrigation needs members need to consider that the supply of orders is not guaranteed after the river offtake closure, with water deliveries continuing subject to availability at outlets.

ANNUAL ALLOCATION TRADES

The trades closure date for surface water trades in the Murrumbidgee Valley is the end of June. The following dates are CICL’s expected closing dates for WaterMart and allocation trades.  

WaterMart closes at 12 noon on Friday 28 June 2024.

Annual intravalley transfers to and from CICL’s licence close at 12 noon Friday 28 June 2024.   

Annual internal transfers between CICL farms – close at 12 noon Friday 28 June 2024. 

Single Farming Unit Accounting – close at 12 noon Friday 28 June 2024.

Carryover into 2024/25 water season – The carryover provisions in the Water Sharing Plan for the Murrumbidgee Regulated Water Source apply to CICL water entitlements. This means that:

• A volume of up to 30 percent of general security water entitlements can be carried over from 2023/24 to 2024/25.

• Carryover is not available on high security or G class water entitlements.

• The maximum account limit on general security water entitlements in 2024/25 including carryover and the announced allocation is 100 percent. 

Members with more than 30 percent available in their general security water allocation account, or water remaining in their high security water allocation account, should note the closing date for WaterMart, Single Farming Units and annual transfers of 12 noon Friday 28 June 2024.

CICL ANNOUNCES INDEPENDENT DIRECTOR - SUE MURRAY

CICL is pleased to announce it has selected Sue Murray as an independent director to be endorsed at the 2024 AGM to fill the vacancy created by Bruce Brown’s retirement in March 2024.

CICL has searched broadly and utilised its own industry contacts, including those of our two independent directors, to secure a new independent director over the last few months. We were pleased with the quality and experience of the potential directors who expressed an interest in joining the CICL Board.

Sue is a Graduate of the Australian Institute of Company Directors and brings to CICL experience as both a director and senior executive. Sue is currently a senior executive with the global Defence and Aerospace company BAE Systems, and non-executive director of HVTC and Central Coast Community College.  She has over 30 years senior leadership experience across various sectors including agribusiness, coupled with qualifications in finance, project management, continuous improvement, asset management, risk management and corporate governance.  Sue is accustomed to managing high profile politically sensitive projects in highly regulated environments. 

Sue comes from a family farming background with previous interests in the New England region in sheep, cattle and irrigation farming enterprises and her appointment will add to the skills base and diversity of our board.