Explore the fundamentals of effective water governance and its critical role in ensuring future water security in this 55-minute webinar. Delve into recent compliance failures in NSW and their subsequent inquiries, examining how proper governance and compliance mechanisms contribute to sustainable water management. Analyze key challenges such as increased competition, limited supply options, drought, climate change, and poor water governance. Discuss important concepts including water pricing, future uncertainty, stakeholder involvement, and cooperation. Investigate potential solutions like government policies, water buybacks, improved water accounting, recycling initiatives, efficiency measures, and crop adaptations. Engage in a detailed Q&A session to further elaborate on specific areas of interest and gain insights into the complexities of water governance and its impact on long-term water security.