Victorian Numbered Acts

WATER (RESOURCE MANAGEMENT) ACT 2005 (NO 99 OF 2005) - SECT 73

After section 5A(3) of the Valuation of Land Act 1960 insert —

    '(4)     For the purposes of sub-section (3), where a water share has been determined to be associated with any land that is specified in a water-use licence or water-use registration under the Water Act 1989 , that fact is deemed to be relevant when determining the value of that land.

    (5)     In this section, "water share" , "water-use licence" and "water-use registration" have the same meaning as in the Water Act 1989 .

    (6)     Sub-sections (4) and (5) expire on 1 July 2008.'.

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