Water Industry Act 1994

Despite anything to the contrary in any Act, there shall by virtue of and without further or other conveyance, transfer or assignment than this section, be divested from Melbourne Water Corporation and vested in the Crown, all the bed, soil and banks of the River Yarra Yarra and of all other public rivers, creeks, watercourses and waterways—

within the metropolis within the meaning of the Water Act 1989 and vested in Melbourne Water Corporation immediately before the commencement of this section under section 60 or 271 of the Melbourne Metropolitan Board of Works Act 1958 (before its repeal); or

on land included in the metropolis within the meaning of the Water Act 1989 and vested in Melbourne Water Corporation immediately before the commencement of this section under an Order in Council made under section 3 of the Melbourne Metropolitan Board of Works Act (before its repeal).

Any land vested in the Crown under subsection (1)—

is deemed to be unalienated land of the Crown; and

is vested subject to any trust, encumbrance, limitation or restriction, and to any other estate or interest in the land, existing immediately before that vesting.

Despite anything in the Water Act 1989 or any other Act, any bed, soil and banks to which subsection (1) applies shall be under the management and control of Melbourne Water Corporation to the extent necessary to enable that body to exercise its functions under this Act or the Water Act 1989.