Victorian Current Acts

WATER ACT 1989 - SECT 48I

An instrument allocating an entitlement under this Division may specify in relation to the entitlement allocated all or any of the following—

        (a)     a means of quantifying the amount of water that the entitlement consists of;

Note

The means of quantifying the amount of water that the entitlement consists of may be by volume or by reference to the level of flow at a specified point or by reference to a share of flow or storage or by any other means or combination of means, and if the amount of water is quantified by reference to a share of storage, then by reference, for example, to—

              (i)     the volumetric share of the system capacity of any system within the water system in which the entitlement is allocated;

              (ii)     the share of inflow to any storage within the water system in which the entitlement is allocated;

              (iii)     the volumetric share of releases from any storage within the water system in which the entitlement is allocated;

              (iv)     the seepage and evaporative loss adjustments to be debited from the entitlement;

              (v)     the share of inflow to be credited to the entitlement when the share of storage capacity of any storage within the area does not allow for a full share of inflow determined under subparagraph (ii) to be available—

and if the amount of water is quantified by reference to a share of flow, then by reference, for example, to the share of flow past a specified point.

        (b)     water accounting procedures for accounting for the water in the entitlement;

        (c)     any condition imposed on the allocation of the entitlement under section 48J;

        (d)     the class of reliability of the entitlement.

S. 48J inserted by No. 99/2005 s. 24.