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Water shares. A water share is an ongoing entitlement to a share of the water available in your water system. It gives you a right to a share of water in the dams. Features of a water share include. 1  its water system, such as the Goulburn, Murray or Macalister. 2  its reliability, and. 3  the volume, such as 100 megalitres (ML).
The water cycle, also known as the hydrological cycle, is the continuous exchange of water between land, waterbodies, and the atmosphere. Approximately 97% of the earthâs water is stored in the oceans, and only a fraction of the. remaining portion is usable freshwater.