Water Act 1989

For the purposes of transferring an environmental entitlement under section 48OA, the Water Holder has the power to sell the whole or part of the entitlement—

at auction; or

by inviting tenders; or

in any other manner it thinks fit.

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

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

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