South Australian Numbered Acts South Australian Numbered Acts31—Surrender or transfer of irrigation rights
(1) An
irrigation right held by a member of an irrigation 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 the 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.
(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 an
irrigation right 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 an irrigation right under
subsection (1)(b) without first notifying the trust of the proposed
transfer in accordance with any requirements specified by the trust.