Goulburn-Murray Water has announced that up to 5,000 megalitres of water entitlement can be temporarily traded from the Lower Goulburn River trading zone (Zone 3) into the Greater Goulburn water trading zones (Zones 1A & 1B).
This approval follows a recent review of seasonal conditions, water resource security and water flow requirements for the Lower Goulburn River , which found that this amount could be traded without adversely affecting the reliability of the Goulburn water supply system.
Goulburn-Murray Water is writing to all Lower Goulburn entitlement holders to offer them the opportunity to temporarily trade water entitlement into the Greater Goulburn zones.
To ensure equity for all entitlement holders, potential sellers will be required to submit a ‘Registration of Interest to Temporary Trade' form to the Tatura office no later than the close of business on Friday 3 February 2006 .
If the total Registration of Interest to Trade exceeds the volume of 5,000 megalitres, each registration will be adjusted based on the total volume of entitlement registered by each individual applicant.
Applicants will be notified of the results and will be able to trade through normal trading mechanisms, such as Watermove , water brokers or private trades, up until the end of the 2005/06 irrigation season.