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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).
Global distribution of the worldâs water. The worldâs water exists naturally in different forms and locations: in the air, on the surface, below the ground, and in the oceans. Freshwater accounts for only 2.5% of the Earthâs water, and most of it is frozen in glaciers and ice caps. The remaining unfrozen freshwater is mainly found as groundwater, with only a small fraction present above ground or in the air.