And since it is to be done with more of the collaborative planning process, the hard decisions will probably continue to be lost in compromise between the conflicting interests of farm irrigation, hydro power, recreational fishing and boating, iwi, environmental improvement and urban consumption.
Most of these "stakeholders" know water is not well managed. Some dry areas have allocated more permits than their annual rainfall can sustain; in other places permit-holders seldom take their full allocation, and it is just as well.
Many of the problems could be solved by allowing a trade in permits which would ensure water rights were bought by those who could use the water for best value.
The market could be regulated by standards of water quality and discharge controls set by regional councils. But the Government calls this idea "complex" and has relegated it to a "longer-term issue".
It admits there are few incentives for using water efficiently, but a market price is only one of the ways it believes efficiency could be improved. The others are "national efficiency standards, increased water metering and ensuring applicants only apply for the fresh water they need ..."
None of the others would put a useful price on the resource. They would largely leave it in the hands of historic permit holders who in many cases have rights to more than they need, or take, and staunchly oppose new applications for permits.
If councils can operate a better system of accounting for actual draw-off, the Government's proposals might help put water to wider and more efficient uses but such a system has yet to be devised. Four years of talk has not produced a practical scheme.