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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).
Water Stock Leases. The leasing of water shares/stock is a privilege allowed only between shareholders. A non-shareholder (an individual with no share holdings in the water company) cannot lease shares from a shareholder. Leases cannot be implemented mid-billing cycle. The Stock Lease Form must be filled out completely and include the notarized signature of the Lessor unless the Lessor is submitting the form in person.