Water Allocations for Sale or Lease

• The above auction links will go live on Water Exchange with varied closing times. If a bid is received in the last minute of the auction, the closing time will be extended for an additional three minutes.
• Sunwater is setting a reserve price of $800 per megalitre. Bids are made in minimum $5 increments.
• Customers are encouraged to register an account with Water Exchange by Tuesday 6 June 2023 if they wish to participate. Customers can register via the Water Exchange website. For assistance with registration, please contact Lincoln Parr on 0419 473 153 or lparr@ruralcowater.com.au.
• Where possible, Sunwater is auctioning parcel sizes based on the nominal water volumes listed on the Water Allocation Titles held by BWPL.
• Water Allocation Titles may have a defined purpose as either “Any” or “Agriculture”.   A change of purpose is a permitted change under the Burnett Basin Water Management Protocol for allocations with purpose “Any” or “Agriculture” provided the change in purpose results in the allocation being “Any” or “Agriculture”.
• Temporary and permanent trading is permitted in the UBWSS subject to Zone Caps – refer zone cap factsheet.
• Customers may choose to submit an application with the Department of Regional Development, Manufacturing and Water (DRDMW) to change the location of the volumes after the completion of the sale process. Sunwater is not involved in the approval of such applications nor will be responsible for additional costs incurred for this step. Any requested change to location will be subject to scheme zone caps. The Queensland Government publishes the current location of water allocations in the UBWSS on their website, where “capped out” zones can be identified subject to the Burnett Basin Water Management Protocol.
• Any subdivision of the allocations held by Sunwater required as part of the Auction process will be submitted to the DRDMW for processing by Sunwater before any volumes are transferred to the successful bidders.
• Transaction finalisation timing is dependent upon subdivision processing times (if required), contracting and title transfer processing times. Any announced allocation’s attributed to the allocations at the time of transaction finalisation will be attributed to the successful bidders’ account(s).
• Sunwater encourages customers to engage a solicitor to assist in the sales process, to reduce processing times.
• For customers who would like to place a bid and don’t have access to the internet, please contact Water Exchange so alternative arrangements can be made.
• New customers, or customers without an offtake, please contact Sunwater on 13 15 89, Monday-Friday 8:30am-4:30pm.
• The sale terms and conditions that apply to parcels purchased are contained in the Contract of Sale of Water Allocation. The ongoing supply terms and conditions are contained in the River Supply Contract.

Following auction closing, Sunwater will complete the Contract of Sale with the particulars of the sale and will send to the buyer(s) for signing as well as an invoice for the deposit amount of ten per cent of the purchase price. The buyer will need to return to Sunwater the signed Contract of Sale together with payment of the deposit.

The buyer will also be required to:

• complete a Customer Profile form
• new business/entity customers will be required to supply an ASIC search completed within the last six months
• complete Titles Registry Form 1 Transfer & Form 24 Property information (Transfer) form
• submit to Sunwater the completed original Forms 1 & 24 for execution
• sign and return to Sunwater the River Supply Contract/s provided by Sunwater 
• submit to Titles Queensland the required lodgement forms (executed Forms 1 & 24) and Notice to Registrar issued by Sunwater upon receipt of payment for remaining allocation purchase price
• supply Registration Confirmation Statement (RCS)
• Based on parcel(s) purchased the successful bidder may choose to complete a separate subdivision or amalgamation process. For more information, please contact customer support on 13 15 89

Once Sunwater executes and returns the supply contracts to the buyer, the buyer is responsible for submitting all executed transfer forms to Titles Queensland. After the buyer receives the completed RCS from Titles Queensland and provides the RCS to Sunwater, water supply can commence.

Customers are advised to allow up to 75 working days from the close of the auction to water supply commencement for this process to be completed. This timeframe may be extended if a subdivision or amalgamation is requested and is inclusive of the 30-day settlement period. Sunwater will endeavour to reduce these timeframes where possible.

Sunwater encourages customers to engage a solicitor to assist in the sales process, to reduce processing times. A solicitor can provide a solicitor’s undertaking to Sunwater so transfer documents (Forms 1 & 24) can be released to the buyer’s solicitor before stamping before the final invoice for the balance of the purchase price is paid, otherwise the allocation will not be transferred until the final invoice payment is confirmed.