10 Per Cent Limit on Water Trades Lifted
Source: Victoria. Minister for Water. Media Release
"The 10 per cent limit on the volume of Victorian water entitlements that can be owned without being associated with land will be lifted tonight. Water Minister Tim Holding said Goulburn-Murray Water would begin processing more than 400 water trades from tomorrow that were put on hold until the Water Amendment (Non Water User Limit) Bill 2009 came into effect. “The Brumby Labor Government is working to ensure farmers and regional communities can meet the challenges of ongoing drought and climate change,” Mr Holding said.“Irrigators are making important decisions about their future in changing conditions and continuing drought, and they are looking for more flexibility. Removing the 10 per cent non-water user limit will provide more choice for irrigators who want to buy more water or those who want to sell their water entitlements."