Accounting for Unchartered Waters

The use of water from the huge Murray-Darling River Basin in eastern Australia remains a contentious issue after more than a decade of legal wrangling, policies and plans. But, there is a stronger consensus about how much water the basin actually contains, thanks to an emerging discipline called water accounting, developed by a team including a Swinburne researcher.

Professor Keryn Chalmers, Dean of Swinburne Business School, was part of a team of financial accountants who developed a conceptual framework for general-purpose water accounting that informed Australian Water Accounting Standards.

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