Australian Water Information Dictionary

Water status: Water Market Reports

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The specific volume of water allocated to water access entitlements in a given water year or allocated as specified within a water resource plan.

Synonym: water allocation

This definition applies to:

The specific volume of water allocated to water access entitlements.

This definition applies to:

A water access entitlement allowing an infrastructure operator to access, take and hold water for the supply of water to another person.

This definition applies to:

The aggregation of individual rights into a single right. These might include but are not limited to: land property title, water access entitlement, water allocations, water use rights, delivery rights, irrigation rights and works approvals.

Equivalent: water market equivalent terms

This definition applies to:

The amount of a water resource that can be made available for consumptive use in a particular water resource plan area under the rules of the water resource plan for that water resource plan area.

This definition applies to:

A transaction to transfer a water right from one legal entity to another out of a specified area. The area can be a water system, water management area or a trading zone as defined in respective State and Territory legislation.

This definition applies to:

The transfer price of water as agreed between legal entities inclusive of all applicable transaction costs.

This definition applies to:

(a) water occurring naturally below ground level (whether in an aquifer or otherwise) or (b) water occurring at a place below ground that has been pumped, diverted or released to that place for the purpose of being stored there. It does not include water held in underground tanks, pipes or other works.

In GDE Atlas, this definition includes the capillary fringe, which is an important source of water for many GDEs.

Source: Water Act 2007 Part 1 Section 4

Equivalent: water market equivalent terms

This definition applies to:

A transaction to transfer a water right from one legal entity to another between different States or Territories.

This definition applies to:

A transaction to transfer a water right from one legal entity to another within a specified area. The area can be a trading zone, irrigation district or water resource plan area as defined in respective State and Territory legislation.

This definition applies to:

A transaction to transfer a water right from one legal entity to another within the same State or Territory.

This definition applies to:

An entity that operates water service infrastructure for the purposes of delivering water for the primary purpose of it being used for irrigation.

Source: Adapted from the Water Act 2007 Part 1 Section 7

This definition applies to:

A right that: (a) a person has against an irrigation infrastructure operator to receive water and (b) is not a water access right or a water delivery right.

Source: Water Act 2007 Part 1 Section 4

This definition applies to:

One million litres.

This definition applies to:

The Intergovernmental Agreement on a National Water Initiative between the Commonwealth of Australia and the Governments of New South Wales, Victoria, Queensland, South Australia, Western Australia, Tasmania, the Australian Capital Territory and the Northern Territory (as amended from time to time).

Source: Water Act 2007 Part 1 Section 4

This definition applies to:

The transfer price of water as agreed between legal entities exclusive of all applicable transaction costs.

This definition applies to:

A water right that is tradeable, falling under the broad category of either water access entitlement or water allocation. A product may be bundled or unbundled and has various attributes such as water resource type (e.g. surface water, groundwater, regulated, unregulated) and reliability type (e.g. high, low priority).

Synonym: water product

This definition applies to:

A water resource which has its flows controlled through the use of infrastructure to store and release water.

This definition applies to:

The frequency with which water allocated under a water access entitlement is able to be supplied in full.

Source: Intergovernmental Agreement on a National Water Initiative Schedule B(ii)

Equivalent: water market equivalent terms

This definition applies to:

An organisation that supplies water for irrigation, town and community use in a rural area.

This definition applies to:

Includes: (a) water in a watercourse, lake or wetland and (b) any water flowing over or lying on land: (i) after having precipitated naturally or (ii) after having risen to the surface naturally from underground.

Source: Water Act 2007 Part 1 Section 4

Equivalent: water market equivalent terms

This definition applies to:

Are: (a) water access rights, (b) water delivery rights or (c) irrigation rights. Note: Some components within water access rights are not tradeable.

Source: Adapted from the Water Act 2007 Part 1 Section 4

This definition applies to:

Zones established to simplify administration of trade by setting out the known supply source or management arrangements and the physical realities of relevant supply systems within the zone.

Source: Adapted from the Intergovernmental Agreement on a National Water Initiative Schedule B(i)

Equivalent: water market equivalent terms

This definition applies to:

Includes search, negotiation and enforcement costs including, but not limited to, all government water transfer fees and charges applicable to water trade, conveyance charges and professional service fees (such as accountants, brokers, lawyers).

This definition applies to:

The separation of a ‘bundled’ right into its individual elements. At its most basic level, unbundling separate water rights from a land property title, allowing the trade of the water rights independently of land. Additional degrees of unbundling involve the separation of a water right into its individual elements. These might include, but are not limited to, water access entitlements, water allocations, water use rights, delivery rights and works approvals.

Equivalent: water market equivalent terms

This definition applies to:

A water resource that is not controlled through the use of infrastructure to store and release water.

This definition applies to:

The average value (dollars per megalitre) of the water traded where each trade is weighted proportionally by the volume of water (in megalitre) involved in the sale. This provides a more accurate representation of the price (i.e. high volume trades generally attract a ‘bulk discount’).

This definition applies to:

A perpetual or ongoing entitlement to exclusive access to a share of water from a specified consumptive pool as defined in the relevant water plan.

Source: Intergovernmental Agreement on a National Water Initiative Schedule B(ii)

Equivalent: water market equivalent terms

This definition applies to:

A transaction to transfer a water access entitlement from one legal entity to another, with or without a change in location, perpetually or for a specified term (i.e. lease).

Equivalent: water market equivalent terms

This definition applies to:

Water right types as defined in State and Territory legislation which includes bundled and unbundled water rights and bulk water access entitlements.

Equivalent: water market equivalent terms

This definition applies to:

The share, nominal volume or extraction rate associated with a water access entitlement.

This definition applies to:

The total quantity of water access entitlements granted by State and Territory government water agencies which are in effect at a given point in time.

This definition applies to:

Water access right: (a) any right conferred by or under a law of a State to do either or both of the following: (i) to hold water from a water resource or (ii) to take water from a water resource and (b) without limiting paragraph (a), includes the following rights of the kind referred to in that paragraph: (i) stock and domestic rights, (ii) riparian rights, (iii) a water access entitlement or (iv) a water allocation and (c) includes any other right in relation to the taking or use of water that is prescribed by the regulations for the purposes of this paragraph.

Source: Water Act 2007 Part 1 Section 4

This definition applies to:

The specific volume of water allocated to water access entitlements in a given water year or allocated as specified within a water resource plan.

Source: Adapted from the Water Act 2007 Part 1 Section 4

Synonym: allocation

Equivalent: water market equivalent terms

This definition applies to:

A transaction to transfer a water allocation from one legal entity to another, with or without a change in location, for the remaining water year (by default) or for a specified term that may be less than the end of the water year or carried over to subsequent years (i.e. lease).

Equivalent: water market equivalent terms

This definition applies to:

A right to have water delivered by an infrastructure operator.

Source: Water Act 2007 Part 1 Section 4

This definition applies to:

A transaction to transfer a water right from one legal entity to another, in whole or in part, for a specified period of time which involves an exchange of a monetary value.

This definition applies to:

Equivalent National, State and Territory water market product and trading terms on the National Water Market System website. These are cross-referenced in the nationally equivalent terms for water products and trading terminology tables.

This definition applies to:

A water right that is tradeable, falling under the broad category of either water access entitlement or water allocation. A product may be bundled or unbundled and has various attributes such as water resource type (e.g. surface water, groundwater, regulated, unregulated) and reliability type (e.g. high, low priority).

Synonym: product

This definition applies to:

Means: (a) surface water or groundwater, or (b) a watercourse, lake, wetland or aquifer (whether or not it currently has water in it), and includes all aspects of the water resource (including water, organisms and other components and ecosystems that contribute to the physical state and environmental value of the water resource).

Source: Water Act 2007 Part 1 Section 4

This definition applies to:

A plan for the management of a water resource.

This definition applies to:

Water resource area defined in a water resource plan.

Equivalent: water market equivalent terms

This definition applies to:

Describes the attributes of a water resource, e.g. surface or groundwater, regulated or unregulated water.

Equivalent: water market equivalent terms

This definition applies to:

A generic term for the range of different tradeable and non-tradeable water rights across Australia. These might include, but are not limited to, water access entitlements, water allocations, water use rights, delivery rights, irrigation rights and works approvals.

This definition applies to:

A system that is hydrologically connected and described at the level desired for management purposes (e.g. sub-catchment, catchment, basin or drainage division and/or groundwater management unit, sub-aquifer, aquifer, groundwater basin).

Source: Intergovernmental Agreement on a National Water Initiative Schedule B(i)

Equivalent: water market equivalent terms

This definition applies to:

An accounting approach that allows a traded water access entitlement to retain its original characteristics when traded to a new jurisdiction and/or trading zone, rather than being converted into a form issued in the new jurisdiction and/or trading zone.

Source: Intergovernmental Agreement on a National Water Initiative Schedule B(i)

This definition applies to:

A transaction to buy, sell or lease a water right, in whole or in part, from one legal entity to another and involves an exchange of a monetary value.

This definition applies to:

Water price or trade price has the same meaning as net water price.

Related: net water price

This definition applies to:

1 July to 30 June.

This definition applies to: