New commentary on water usage rights has been added to the By Lawyers Sale and Purchase Guides (VIC).
The new content covers the right to use water and the right to participate in water share schemes in Victoria, which is governed by the Water Act 1989.
Note that the Registrar of Titles is also the Registrar of Water Shares.
By Lawyers do not currently offer a full commentary on the increasingly complex and valuable rights attaching to the usage, allocation and trading of water, but the new content in the Sale and Purchase Guides assists as a starting point for VIC practitioners who are called upon to advise clients in relation to the rights attaching to water in various circumstances, whether in the context of property transactions, property development, or stand-alone water trading transactions.
Helpful interactive links are also provided in the new content to allow users to quickly access the detailed information available on the Department of Environment, Land, Water and Planning website.