South Australian Numbered Acts South Australian Numbered Acts30—Surrender or transfer of water available under irrigation rights
(1) The whole or any
proportion of water available under an irrigation
right held by a member of a trust (the "relevant member") is capable of
being—
(a)
surrendered by the relevant member to the trust for such sum of money or other
consideration as may be agreed between the trust and relevant member;
(b)
transferred by the relevant member to another member of the trust for such sum
of money or other consideration as may be agreed between the members;
(c)
transferred by the trust acting at the request of the relevant member to a
person who is not a member of the trust.
(2) The following
provisions apply in connection with the operation of subsection (1):
(a) if a
relevant member notifies the trust that the member wishes to surrender water
under subsection (1)(a), the trust must take reasonable steps to come to
a reasonable agreement on a sum of money or other consideration to be paid
under that subsection;
(b) a
relevant member must not transfer water under subsection (1)(b) without
first notifying the trust of the proposed transfer in accordance with any
requirements specified by the trust;
(c) a
trust must comply with a request under subsection (1)(c) within a
reasonable time (but is not to comply with such a request if the transfer
cannot take effect on account of the operation of the Natural Resources
Management Act 2004 ).