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Exposure Draft of Australian Water Accounting Standard 1

The Exposure Draft of Australian Water Accounting Standard 1 (ED AWAS 1) is published by the Water Accounting Standards Board (WASB). It is designed to elicit practical feedback for the final Australian Water Accounting Standard.

ED AWAS 1 prescribes the basis for preparing and presenting a General Purpose Water Accounting Report (GPWAR). It sets out requirements for the recognition, quantification, presentation and disclosure of items in a GPWAR.

The document also includes three appendices: a list of defined terms; illustrative guidance; and a basis for conclusions outlining the discussion and assumptions that informed its development.

Download ED AWAS 1 (1.83MB)

Three discussion questions in the Request for Comment were mistakenly omitted from the final version of ED AWAS 1. They are included in the online feedback form, you can also download the questions in PDF format (22Kb).

Associated model reports for the Exposure Draft of Australian Water Accounting Standard 1

A suite of model reports has been compiled to demonstrate the presentation and disclosure requirements of the ED AWAS 1. These model reports present four fictitious water report entities:

  • Wallaroo Water System—a water supply system
  • Energetico—a major water user
  • Terra Firma—an urban supply system
  • Minton Environmental Water Holder—an environmental water rights holder.

The model reports illustrate many of the principles in the ED AWAS 1. They should not be regarded as comprehensive checklists for the ED AWAS 1 presentation and disclosure requirements.

Due to their nature, the model reports will change over time.

Download the model reports (3.31MB)

Questions and feedback

If you require more information about water accounting or WASB, please see Frequently Asked Questions or email additional questions to wasbo@bom.gov.au

Feedback can be sent to: wasbo@bom.gov.au or lodged via the online feedback form.



Unless otherwise noted, all material on this page is licensed under the Creative Commons Attribution Australia Licence