Water Act 1989

For the purposes of transferring a bulk entitlement under section 46D, the Authority has the power to sell the whole or part of the bulk entitlement—

at auction; or

by inviting tenders; or

in any other manner it thinks fit.

If an Authority decides to sell the whole or part of a bulk entitlement under this section, the Authority must cause a notice to be published in the Government Gazette and in a newspaper circulating generally in the area concerned—

declaring that the bulk entitlement, or a part of the bulk entitlement, is available for purchase; and

giving details of the method by which the bulk entitlement or part is to be sold.