A water entitlement is any legal or equitable right owned by an entity that relates to water, including groundwater. They could be rights to:
- receive water
- take water from a water resource
- have water delivered
- deliver water.
Examples of water entitlements include:
- water allocations
- water use licence
- rights relating to conveyance of water, such as a conveyance licence
- irrigation rights
- contractual right against a third party, such as an operator
- a statutory licence against a state or territory government
- a share in a company if it has rights attaching to it that relate to water
- an interest in a trust or partnership, if the interest has rights to water attached to it.