26AMeaning of registrable water entitlement

26A Meaning of registrable water entitlement

(1) A registrable water entitlement of a person is any of the following rights that the person holds (alone or jointly): (a) an irrigation right (within the meaning of the Water Act 2007) that relates to a water resource in Australia; (b) a right (including an Australian water access entitlement) conferred by or under a law of a State or Territory to do either or both of the following: (i) to hold water from a water resource in Australia; (ii) to take water from a water resource in Australia. (2) However, a registrable water entitlement does not include: (a) stock and domestic rights; or (b) riparian rights; or (c) water allocations; or (d) a right of a kind specified in the regulations.