Full implementation of the Murray–Darling Basin Plan 2012 (Cth) includes the return of 450 gigalitres (GL) of water to the environment by 2027 (s12.49(3)(iv) of the Basin Plan). The Restoring Our Rivers Trading Strategy 2024–25 explains the Australian Government’s approach to water purchasing towards the 450 GL target for 2024-25. This strategy is released to ensure information about Commonwealth water purchasing under the Voluntary Water Purchase Program is readily available to market participants. Updates on the trading strategy, including procurement activities, are provided regularly and can be found here.