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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).
Farms in the irrigation districts will have a water entitlement which is made up of a high reliability water share (HRWS) and a low reliability water share (LRWS). Each year there is an allocation made for each water share which is determined by the level of water in the storages for each particular irrigation system.oulburn Murray Water (G-MW) is the water authority in Victoria that is responsible for the delivery of water services to the major irrigation districts across Victoriaâs northern plains. It covers an area of 68,000 square kilometres and involves 24,620 serviced properties.