Victorian Numbered Acts Victorian Numbered Acts(1) Insert the following heading to section 46 of the Water Act 1989 —
" Transfers or assignments of bulk entitlements ".
(2) In section 46(1) of the Water Act 1989 , after "be transferred" insert ", or a water allocation under the entitlement may be assigned,".
(3) For section 46(2) of the Water Act 1989 substitute —
"(2) An assignment of water allocation under this section authorises the person to whom the water allocation has been assigned to take water under the water allocation under the bulk entitlement from the date specified in the assignment.".
(4) In section 46(3) of the Water Act 1989 , for "of the transfer" substitute "to transfer the entitlement or assign a water allocation under the entitlement".
(5) In section 46(5) of the Water Act 1989 —
(a) in paragraph (a)(i), after
"transfer" insert
"or assignment";
(b) in paragraph (a)(ii), after "transferred" insert "or assigned";
(c) in paragraph (a), after "to approve the transfer" insert "or assignment";
(d) in paragraph (b)(i), after
"transfer" insert
"or assignment";
(e) in paragraph (b)(ii), after "transfer" insert "or assignment".
(6) In section 46(8) of the Water Act 1989 —
(a) after "transfers" insert "or assignments";
(b) after "bulk entitlement" (wherever occurring) insert "or water allocation".
(7) For section 46(9) of the Water Act 1989 substitute —
"(9) If an Authority proposes to transfer the whole or a part of a bulk entitlement under this section by selling the bulk entitlement or part, the Authority must cause a notice to be published in the Government Gazette and in a newspaper circulating generally in the area concerned—
(a) declaring that the bulk entitlement, or part, is available for purchase; and
(b) giving details of the method by which the bulk entitlement or part is to be sold.".