| 1.
What is the difference between a permanent trade and temporary trade?
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Selling your permanent water involves transferring your ongoing ownership of that water to another person. Selling temporary water involves transferring your right to access or use that water for an agreed period of time, which can be for a season, a year or longer. After that period of time has finished, you are then able to sell your water again on the temporary market.
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| 2.
What is ML?
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A mega-litre (ML) is one million litres. It takes 2.5-3 mega-litres to fill an Olympic sized pool.
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| 3.
What is $/ML?
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Dollars per mega-litre ($/ML) is the unit price of water. The total price for water is the product of $/ML and ML. For example, if 30ML of water is sold at $300/ML, then the sale price is $9000.
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| 4.
What is source?
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Source is a description of where the water comes from. For example, you may be able to access the water from a piped network, an open channel or by pumping groundwater. Water may be pumped from a river or stream or captured in a dam. Conjunctive use is accessing water from more than one source. For example, pumping groundwater and using water from an open channel. There may also be other combinations or ways to access water.
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| 5.
What is security or priority?
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High security or priority entitlement holders have better access rights (e.g. earlier or more frequent access) than low security or priority entitlement holders. Some authorities use the term security, while other authorities use priority.
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| 6.
What is river height?
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Some water can only be accessed when the river or stream is at a certain height. These heights are defined by the relevant water management authority in a water management plan or other document.
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| 7.
What is regulated?
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Some rivers and streams are regulated by dams, weirs or other infrastructure.
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| 8.
What is salinity?
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Salinity is a measure of how much salt is in the water. Salinity levels (e.g. low, medium, high) may be defined by water management authorities in water management plans or in other documents.
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| 9.
What is split?
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Splitting is dividing a water entitlement so that smaller lots can be sold.
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| 10.
What is carry over?
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Carry over is adding the unused portion of a water entitlement from one season to the entitlement available in the following season.
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