Noosa News
Department paid $13 million over recommended value for water buyback, Auditor-General calls for review
The Australian government paid almost $13 million more than was advised by an independent valuer, in an $80 million deal to secure water from two Queensland farms in 2017.
Key points:
- Auditor-General says department review into 2017 water buyback is underway
- Independent valuation suggests government paid almost $13 million more than it was independently advised
- Department says Eastern Australia Agriculture water deal achieved value for money
The Auditor-General has suggested the Agriculture Department might have paid a lesser amount for the water if it had “been aware of the valuer’s view at the time”.
Auditor-General Grant Hehir has written to South Australian senator Rex Patrick, explaining that he has called on the department to review…
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