As some freshwater resources approach full allocation and there is increasing competition for this resource, it is unlikely that the current systems and processes for the allocation and use of water will optimise the potential for sustainable development. There is a risk that current processes will not deliver an appropriate balance between desired environmental, social, cultural and economic outcomes and that water will not be allocated and reallocated over time to the highest environmental, social, cultural and economic values.
In the absence of change some improvements in current processes may occur as regional councils gain more experience and take up the potential of the existing system more fully in response to pressures created by increased competition for freshwater resources. Without reform the extent and pace of this change is however very uncertain. Further, this will not be sufficient to address the underlying weaknesses in the current system and will not achieve the sustainable development outcomes we are seeking.
A range of tools with potential for improving the current system has been identified. These tools carry varying benefits and risks and consultation is required to minimise risks and select an appropriate mix.