Water allocations toolkit
This toolkit brings together everything you need to know about self assessing duty on transactions that include a water allocation.
As a registered self assessor, you must assess any dutiable transaction you are dealing with that includes a water allocation.
Depending on the transaction, water allocations are treated as either new rights or existing rights under the Duties Act 2001.
You may encounter any of these types of transactions for water allocations:
- a grant, lease or licence of a water entitlement
- an agreement to transfer a water entitlement
- a transfer of a water entitlement.
Alternatively, the grant of a water permit is not a water entitlement under the Water Act 2000, so it is not dutiable and you do not need to assess it.
An exemption under section 140 of the Duties Act may apply to particular water entitlement transactions, but you cannot self assess it. If this exemption applies to a water allocation, you must lodge it with the Office of State Revenue.
Assessing a water allocation transaction
Grant of a water allocation
The grant, lease or licence of a water allocation is the acquisition of a new right.
Self assess these transactions by following the step-by-step procedure for the acquisition of a new right that is a water allocation.
Transfer of a water allocation
A transfer of a water allocation, or an agreement to transfer, is dutiable as a transfer of an existing right.
We also have a step-by-step procedure for transfers of a water allocation to help you lodge this transaction in OSRconnect.
Records you need to keep
For this type of transaction, you must keep a completed dutiable transaction statement (Form D2.2).
Find out more about your record keeping obligations.
- Read the public ruling on the duty implications of dealings with water entitlements (DA000.4).
- Find transfer duty rates or use the transfer duty calculator to work out a duty liability.
- Get help using OSRconnect.
- View the list of approved transactions for self assessors.
- Last reviewed: 20 Mar 2019
- Last updated: 10 Nov 2016
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Office of State Revenue
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