Legislative Council - Fifty-Third Parliament, Second Session (53-2)
2016-06-22 Daily Xml

Contents

Answers to Questions

Water Allocation Plans

In reply to the Hon. D.W. RIDGWAY (Leader of the Opposition) (1 December 2015).

The Hon. I.K. HUNTER (Minister for Sustainability, Environment and Conservation, Minister for Water and the River Murray, Minister for Climate Change):

1. The Drought Concessional Loan scheme is an Australian government scheme delivered in South Australia by the Department of Primary Industries and Regions SA (PIRSA) under a Service Level Agreement. The agreement requires PIRSA to administer the scheme in accordance with the agreement and scheme guidelines.

The Australian government is responsible for establishing the scheme guidelines which include the need for satisfactory security to be provided.

Water entitlements are not deemed personal property for the purposes of the national Personal Property Securities Act 2009 (Cth), meaning there is no ability for a financier to register a security instrument over water entitlements on the national register.