Delivery Shares
​Delivery share means the entitlement to have water delivered to land in an irrigation area. It gives access to a share of the available capacity in the channels or pipes that deliver water to the property. Delivery share is defined by a rate of megalitres per day (ML/day). Delivery shares are used to share access between properties when demand exceeds the capacity in the delivery system.
Key details about delivery shares (based on Victorian water regulations) include:
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Purpose: A delivery share gives you an entitlement to have water delivered to your land through a channel or piped network.
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Ownership: They are attached to the land and stay with the property even if the water share (the water itself) is sold separately.
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Fees: Ownership of a delivery share makes the landholder responsible for an annual infrastructure access fee, which is payable regardless of whether water is actually delivered.
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Transferability: Delivery shares can be permanently transferred to another property, or they can be terminated if they are no longer required (usually via a fee equivalent to 10 times the annual access fee).
If you purchase land that has an existing delivery share, you automatically become responsible for the associated fees and the share of the infrastructure.
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Delivery shares can be used to share access between properties during a rationing event. As they are tied to specific service points (outlets), the volume you can order depends on:
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The service points' delivery share and
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The percentage of delivery share set for the rationing event.
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Where to find your delivery share information
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You can find your delivery shares on WaterLINE, Water Register Delivery Share Copy of Record, Water Usage Statement, or by calling your Water Authority.
Definitions
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Delivery System means an irrigation area within the Goulburn Murray Irrigation District or Nyah Irrigation District or the Tresco Irrigation District.
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Transfer of delivery share means transferring delivery share rate (ML/day) from one property to another property within the same delivery system.
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General rules
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The transfer of delivery share between properties within a delivery system is generally permitted.
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Approval of an application to transfer delivery share is subject to rules, including:
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An application for transfer of delivery share rate may be approved if the transfer is from the same irrigation district, i.e. Central Goulburn, Rochester, Pyramid/Boort, Murray Valley, etc.
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An application cannot be approved if it would result in the purchaser's delivery share exceeding 0.1ML/day per hectare of the property or, where the property is non-contiguous, any of the non-contiguous parts.
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If a mortgage exists on any parcel of land associated with the vendor's delivery share, mortgagee consent must be provided.
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An application to permanently transfer delivery share is subject to channel capacity being available.
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The purchaser's property not being subject to a reconfiguration plan.
Limitations on transfer
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Transfer may be restricted based on reasonable physical or non-physical factors as detailed in the Murray Darling Basin Authority's Guidelines for Water Trading Rules, Rules for irrigation infrastructure operators.
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Transfer may be restricted in accordance with the Minister's Directions on Delivery Entitlements.
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Transfer of delivery share is not permitted between delivery systems.
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Temporary transfer or limited terms transfer (lease) of delivery share is not available.
Trading Delivery Shares
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Some landowners have more delivery shares than required. This can be costly as the annual fees for holding the delivery shares are a liability, and they have two options to reduce this cost.
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Terminate some or all the volume. This involves paying out 10 years' worth of annual fees applicable to the volume.
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Trade the delivery share to another user in the same system. In most zones this is a reverse market where the seller pays the buyer to take on the delivery shares, and the funds generally equate to approximately 4 to 6 years of the annual fees. The seller therefore releases their ownership for a reduced cost, and the buyer has use and access to the delivery shares and the funds to cover the infrastructure fees for several years. The exception is zones such as 1B (Boort), where access to delivery is difficult at times and rationing is sometimes put in place. In rationing events, delivery shares can be temporarily transferred between properties and because of this have a greater real value, meaning buyers would pay the seller to purchase delivery shares.​
Delivery share trading is listed on our Permanent Traderoom or contact our team for more information.
Contact the team today on (03) 5853 2333 for more information and we can assist you through the process.
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