Water Trading: Water Allocations and Land Valuations
Water allocations are a new entitlement established when a water resource plan (WRP) and a resource operations plan (ROP) are completed for an area. Water allocations are assets that are separate from land; they have their own title and can be traded as personal property. This brochure outlines the changes to the statutory valuation of land and local government rates when a WRP and a ROP (including water allocations) are introduced.
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- This resource is part of a series:
- Water trading brochure series
Water reforms in Queensland have made it possible for water users to buy water to expand their operations and sell water they do not need. The water trading market has been introduced to address the increasing competition for water without compromising the sustainable allocation and use of the state's water resources. This series of brochures has been prepared to provide information about the Queensland water trading framework and the implications of buying or selling water entitlements.
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