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The former 10 per cent limit on the amount of water shares in any water supply system that can be owned without being associated with land has now been removed by legislation passed through Parliament.
When unbundling occurred (1 July 2007 in northern Victoria and 1 July 2008 in southern Victoria), a 10 per cent limit was placed on the amount of water shares in any water supply system that could be owned without being associated with land. In each water system there were separate 10% limits for high-reliability and low-reliability water shares that could be held as unassociated water shares.
On 16 September 2009, legislation to remove the limit came into affect.
Click here for the status of the limit as at the date of the removal of the limit (16 September 2009) and at the end of previous years.
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