Victorian Consolidated Legislation

Water Act 1989 - SECT 33F

Issuing and nature of water shares

33F. Issuing and nature of water shares





(1) The Minister may issue a water share in respect of a declared water
system.



(2) A water share authorises the taking of water under the water allocation
for the share during the water season for which the water allocation is
allocated or, with the approval of the Minister, in a subsequent season.

(3) The authority to take water under a water share is subject to any other
provisions of this Act or any regulations or instruments made under this Act
or a licence or permit issued under this Act regulating the following-

   (a)  the place at which water can be taken;

   (b)  the times or rate at which water can be taken.

(4) The Minister may issue a share under this section-

   (a)  on receiving an application for a share under section 33L; or

   (b)  under a contract for the sale of the share entered into in accordance
        with section 33P; or

   (c)  on receiving an application under section 33M, in the case of the
        holder of a right in another State or a Territory that is equivalent
        to that of ownership of a water share.