(1)  All rights existing at common law immediately before the commencement of this section to the flow of, or for the taking of, naturally occurring water are abolished.

(2)  Except as provided by this Act, all rights to the taking of water from the water resources of Tasmania are vested in the Crown to be administered in accordance with this Act.

(3)  This section does not derogate from any rights conferred under Part 5 .