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Unbundling describes a major Victorian water entitlement reform which can be implemented in declared water systems. Unbundling involves separating the traditional entitlements of water rights in districts and take and use licences on waterways into a:
- Water share: high-reliability, and low-reliability where people have had access to sales water;
- Delivery share in districts, or extraction share on waterways
- Water-use licence or water-use registration for non-irrigators
These changes provide greater flexibility to irrigators and diverters to manage their water use and their risks, through easier water trade and increased entitlement certainty.
Northern Victoria
Water entitlements on regulated water systems in northern Victoria were unbundled on 1 July 2007 when these systems became declared water systems.
 Declaration of water systems in Northern Victoria (PDF - 93kb)
Water rights and take and use licences in the seven declared surface water systems were converted into new entitlements according to these conversion rules:
Conversion rules for regulated water systems in northern Victoria (PDF - 1.8Mb)
Southern Victoria
Water entitlements on the Werribee, Bacchus Marsh and Macalister/Thomson regulated water systems in southern Victoria were unbundled on 1 July 2008 when these systems became declared water systems.
Declaration of water systems in Southern Victoria (PDF - 198 Kb)
Water rights and take and use licences in the three declared surface water systems in southern Victoria were converted into new entitlements according to these rules.
Conversion rules for regulated water systems in southern Victoria (PDF - 1.2 Mb)
At this stage unbundling does not apply to groundwater, unregulated waterways or recycled water. |