National Water Accounting Development Project

Client: Bureau Of Meteorology

Denis Flett now of DG Consulting led the project that produced the Stocktake and Analysis of Australia’s Water Accounting Practice, which set the framework for the development of water accounting in Australia.

He has been involved in the National Water Accounting Development project since its inception, and is currently a member of the Water Accounting Standards Board. This project has recently resulted in the publication of two landmark reports for public comment. These reports are:

• Water Accounting Conceptual Framework for the Preparation and Presentation of General Purpose Water Accounts; and
• Preliminary Australian Water Accounting Standards and Associated Model Reports.

These reports will provide the foundations for the development of the consistent, comparable and accessible water accounting across Australia. The project is currently producing further model water accounts to guide practitioners and will also shortly release an exposure draft of the Australian Water Accounting Standards for further public comment.