Victorian Numbered Acts

WATER (GOVERNANCE) ACT 2006 (NO 85 OF 2006) - SECT 20

For section 33AV of the Water Act 1989 substitute —

        "33AV.     Effect of death of owner of water share or holder of limited term transfer

    (1)     On the death of a person who is the sole owner of a water share, the share forms part of the estate of that person.

    (2)     On the death of a person who owns a water share as a joint tenant with other persons, the remaining owners of the water share become the joint owners of the share.

    (3)     On the death of a person who owns a water share as a tenant in common with other persons, that person's portion of the water share becomes part of the estate of that person.

    (4)     On the death of a person who is the sole holder of a limited term transfer, the transfer forms part of the estate of that person.

    (5)     On the death of a person who holds a limited term transfer as a joint tenant with other persons, the remaining holders of the limited term transfer become the joint holders of the transfer.

    (6)     On the death of a person who holds a limited term transfer as a tenant in common with other persons, that person's portion of the limited term transfer becomes part of the estate of that person.".