April 28

Floods

Many people have sustained significant property damage as a result of the recent floods. Such issues have arisen: 1. Whether you have cover. There are a couple of insurance companies who have indicated they will decline liability due to coverage not being for flood. If this has happened you should get legal advice as it.

October 12

Water Under the Bridge — A Guide to the Murray Darling Basin

Water Under the Bridge — A Guide to the Murray Darling Basin by Kate Jennings Article in The Monthly Kate Jennings offers comment revealing she is ‘green-ish’, but also has a dog in the fight having grown up on a rice farm in Coleambally. ” … The demonising of farmers has been insidious in the.

March 26

Wills and Water Entitlements

Wills and Water Entitlements Traditionally in the Murrumbidgee Irrigation area and Coleambally Irrigation area water entitlement automatically pass with the farm whether by way of sale or in a person’s estate. Therefore quite often Wills would say Farm to my Son and the balance of my Estate to my daughter or daughters. In particular since.

February 16

Sale of Water and Tax Issues

  1. Capital Gains Tax. If anyone is selling water entitlements including shares in Murrumbidgee Irrigation or Coleambally Irrigation they must be aware that if a profit is being made they will be paying Capital Gain Tax unless the water entitlements were purchased or received by the person in their own name prior to September.