Murray Irrigation Limited Customer Offer Decision – Sustainability Product - Update
Date: 13 August 2026
The purpose of this Announcement is to inform the market of changes to the Customer Offer, known as the ‘Sustainability Product’.
Customer Offer decision
| Offer description | Murray Irrigation Limited (Company) is offering up to 80,000 ML of water allocation to eligible customers of the Company by way of expression of interest and, if undersubscribed, by public auction. |
| Offer window | The first round expression of interest opened at 9.00am on 6 August 2026 and will close at 5.00pm on 13 August 2026. On the day prior to the opening date, a link containing details regarding how to participate was sent to customers of the Company. The second round expression of interest will open after the conclusion of the first round and before the end of September 2026. If the second round of expressions of interest is undersubscribed, the Company may choose to sell the remaining water allocation subsequently by public auction. On 12 August 2026, an update was sent to customers of the Company outlining the above intentions. |
| Eligible customers | Only customers who are within financial terms with the Company are eligible to submit expressions of interest or participate in the offer. If the offer is oversubscribed, only customers with delivery entitlements will be offered a portion of the volume for which they have applied. If a public auction is required, details of eligibility will be communicated at that time. |
| Pricing mechanism | Sustainability Product pricing is determined by the 7-day volume weighted average price of water allocation sales in Zone 10 on the Company’s water exchange platform. |
| Allocation method | If the second round offer is oversubscribed, participating eligible customers will be offered a pro rata volume based on their delivery entitlements and the number of delivery entitlements held by all participating eligible customers at the time the expression of interest closes. If the offer is undersubscribed, participating eligible customers will be offered the volume they have applied for, and the Company may choose to offer the remaining water via public auction. If a public auction takes place, further details will be communicated at that time. |
| Payment terms | The Company will offer customers who participate in the second round Sustainability Product three payment options. These payment options will be communicated on announcement of the offer. |
| Other conditions | The terms and conditions of the Sustainability Product offer are available in more detail at this link – https://www.murrayirrigation.com.au/water-products#SP. If a public auction takes place, further conditions will be communicated at that time. |
| Methods / instruments | Expression of interest tenders. If a public auction takes place, further information will be communicated at that time. |
You can download the above announcement here.
