Central West irrigator with NSW Office of Water licensing officer

There are three government bodies involved in water access licence dealings:

There are two types of water access licence dealings:

General water dealings

General water dealings under the Water Management Act 2000 include the trading of water access licences, as well as any changes to water access licences.

Water access licences are maintained on the Water Access Licence Register (WAL Register) by LPI.

General water dealings only take effect when registered by LPI on the WAL Register. In most cases, the dealing application form must be accompanied by the water access licence certificate (WAL Certificate) before any transactions or dealings can be undertaken. If you do not already hold your WAL Certificate, you will need to complete and lodge the application form Water access licence Title/Certificate release (PDF 72 KB). Please note this form can only be completed if there are no outstanding security interests.

Some general water dealings, including assignment of share component and change of nominated work, require consent by the NSW Office of Water, before registration with LPI.

Steps for general water dealings
Transfer a WAL

Term transfer a WAL

Security interests

Devolution and Caveats
  Assigning share component between WALs

Changing a WAL

Subdividing a WAL

Consolidating WALs

Exiting a holding from a WAL
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Application   Application
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Registration with LPI
(Water Access Licence Register)
  NSW Office of Water
Assessment and determination
    Water dealings down arrow
    Registration with LPI
(Water Access Licence Register)

Applying for a water access licence dealing

You can apply for a water access licence dealing using two options:

Water allocation assignment dealings

A water allocation is a volume of water (in megalitres) credited to a water access licence water allocation account. All or part of the water allocation can be traded.

Water allocation assignment dealings under the Water Management Act 2000 in regulated and major inland groundwater systems must be lodged with State Water.

Water allocation assignment dealings in unregulated rivers and groundwater systems NOT managed by State Water are available in very limited circumstances where extraction is metered. The NSW Office of Water is the consent and registration authority for these dealings.

Process for water allocation assignments dealings

Water allocation assignment dealings on regulated rivers and major inland groundwater systems
Right arrow
Requires
consent and registration

State Water
Water allocation assignment dealings on unregulated rivers and other groundwater systems
Right arrow
Requires
consent and registration

NSW Office of Water

Go to Assigning water allocations between access licences for more information.

What fees apply to dealing applications?

The current Independent Pricing and Regulatory Tribunal (IPART) determination identifies fees for water access licence dealings. For more information on fees set by IPART go to Applications and fees.

Once approved, LPI charges a fee to register the licence on the Water Access Licence Register.

Derivatives

A derivative is a type of financial service and is regulated under the Corporations Act 2001 (Cth). An arrangement entered into for a dealing may be a derivative. It will depend on the terms of the arrangement and whether water trading exemptions apply under the Corporations Laws Amendment (2014 Measures No. 1) Regulation 2014.

You are encouraged to seek independent legal advice when entering into arrangements for a dealing.

More information on dealings

Go to Dealings process for information on how to undertake dealings.

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