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… of individual transferable quotas that may be traded among licence holders (see, for example, FAO, 2004). And tradable … problems were faced in Australia where a move to formal licence based regimes began in the 1880s, when Victoria … for example, the water entitlement provided by a water licence was often poorly specified. That is, the licence did …

… effective monitoring system would evaluate how irrigation licence holders are using their water in order to make any … the administering authority might suspend a valid existing licence and reallocate the water to another user where … such government action compromises the security of the licence holder’s rights, the legislation needs to clarify …