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Unbundling separates 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
Water entitlements on regulated water systems in northern Victoria were unbundled on 1 July 2007.
 Declaration of water systems in Northern Victoria (PDF - 136 Kb)
Water rights and take and use licences in the seven declared surface water systems were converted into new entitlements according to these rules.
Conversion rules for regulated water systems in northern Victoria (PDF - 1.9 Mb)
Water entitlements on the Werribee, Bacchus Marsh and Macalister/Thomson regulated water systems in southern Victoria were unbundled on 1 July 2008.
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)
Irrigators and diverters can continue operating exactly as they did before unbundling, but now have greater flexibility to manage their water use and their risks.
Water entitlements in Victoria’s regulated systems are managed by the water authorities:
Northern Victoria
Southern Victoria
At this stage unbundling does not apply to groundwater, unregulated waterways or recycled water.
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