06-01-2020, 11:31 AM
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Re: And Now For Something Completely Different
24 March 2019https://www.abc.net.au/news/rural/20...tries/10923384
The register, compiled by the Australian Tax Office, shows one in 10 water entitlements is foreign-owned at 10.4 per cent. Chinese and US investors each own 1.9 per cent followed by the UK owning 1.1 per cent.
More than 1,800 gigalitres of foreign-held water entitlements are within the Murray-Darling Basin, which is 9.4 per cent of the total Murray-Darling Basin water entitlement on issue.
The findings show the majority of foreign-held water entitlements are in the Northern Basin at 21.9 per cent, followed by 5.5 per cent in the Southern Basin.
06-01-2020, 12:40 PM
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Re: And Now For Something Completely Different
Originally Posted by Artangel
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Thanks for posting that. I do try to be accurate about what information l post on here but l don’t live in Australia and l wouldn’t like to argue with the lovely Bruce! 
06-01-2020, 02:48 PM
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Re: And Now For Something Completely Different
Originally Posted by Artangel
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Bruce, Thank You for answering my question. It must be hearsay then.
water to squirt onto fires Arty??
Donkeyman!
for the helicopter pilot.
06-01-2020, 11:21 PM
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Re: And Now For Something Completely Different
Water entitlements are for irrigation water they are a tradeable licence BUT they are not ownership they are regulated - in drought an entitlement can be reduced to zero.
That is not the same as owning water, it is the maximum amount a farmer is allowed to take from a river or water source and is a highly regulated licence not ownership. The purpose is to share water so that someone up stream of your property doesn't take all the water and leave you with none. All water is "owned" by the state
You better read this:
https://www.industry.nsw.gov.au/wate...s/water-access
07-01-2020, 01:18 AM
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Re: And Now For Something Completely Different
Originally Posted by Bruce
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It's a total misunderstanding of water sharing.Water entitlements are for irrigation water they are a tradeable licence BUT they are not ownership they are regulated - in drought an entitlement can be reduced to zero.
That is not the same as owning water, it is the maximum amount a farmer is allowed to take from a river or water source and is a highly regulated licence not ownership. The purpose is to share water so that someone up stream of your property doesn't take all the water and leave you with none. All water is "owned" by the state.
07-01-2020, 02:15 AM
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Re: And Now For Something Completely Different
Originally Posted by Omah
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So why are foreign investors buying up licences .....
From memory Pommies own most of the foreign owned land in the NT (Lord Vesey, Vesty? something like that). No need for a water licence there
One of the largest and most notorious stations with water licence is Cubby Station in Queensland Wikipedia says:
Cubbie Station, the largest irrigation property in the southern hemisphere[citation needed], is located near Dirranbandi, in south west Queensland, Australia. The station comprises 93,000 hectares (230,000 acres) and is operated by CS Agriculture, a joint venture between Macquarie Infrastructure and Real Assets (MIRA) (49%) and Shandong Ruyi (51%), a textile manufacturer owned by investors from China and Japan.[1]
07-01-2020, 07:10 AM
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Re: And Now For Something Completely Different
Originally Posted by Omah
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Ah, so the Chinese are buying up land and water rights ..... 
..... and over 5% of Australian residents are of Chinese birth or heritage .....
25% of the population was born overseas and we are all the better for it.
Chinese Australians go back to the Gold Rush days. Here's the Tribute gardens at Young scene of the Lambing Flats riots in the 1860s. The Lambing Flat Riots led the New South Wales government to pass the Chinese Immigration Act in November 1861, severely limiting the flow of Chinese into the colony.
...and the Chinese Cemetery in Broome dating back to the 1890s.
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