Intervalley water trade rules need attention says Mick Keogh.

Australia's critical groundwater resources are poorly managed and monitored to the point of neglect accordin to a prominent engineer.

"We can't afford to lose water nowadays, especially when you have a lot of livestock."

While the reforms proposed by the ACCC regarding Murray Darling Basin regulations were welcomed, one Sunraysia resident wants more action.

An experienced ACCC commissioner has said the water market rates among one of the least regulated and opaque sectors he has worked in.

The ACCC says better information surrounding water markets will be essential in creating a solution to current market woes in the MDB.

"I've been fighting to save the tank since 2005, it's one of the reasons I became a councillor."

The NSW floods will see a cleansing flush of water head down the Barwon-Darling River system and have also bolstered inland dam levels.

While water speculators and brokers have come under fire, the ACCC says they are not to blame for issues in MDB water trading

THE Nationals WA will immediately reintroduce the Farm and Pastoral Water Rebate scheme if elected to government at the State election.