Opened the debate
McKenzie moved the second reading of the bill, arguing it would stop the Commonwealth from increasing its share of permanent Basin surface water. McKenzie contended that further buybacks distort markets, raise water prices, and threaten the viability of irrigation communities and national food security. McKenzie cited a shortfall of 265 gigalitres in the Sustainable Diversion Limit Adjustment Mechanism, noting that only 22 of 39 projects were expected to be operational by the deadline. McKenzie asserted that the government should not force farmers to surrender water to compensate for failed infrastructure promises. The bill was presented as a way to provide certainty for investors and businesses while maintaining existing rights and compensation standards.