Fixed assets were transferred to the Bushbuckridge Water Board during the 1999/2000 financial year without transferring the ownership there-of. In terms of section 73 (2) (a) of the Water Service Act 1997 ( Act 108 of 1997), no water services works owned by the Minister of Water Affairs and Forestry may be transferred without the approval of Parliament if its value exceeds an amount specified by notice in the gazette from time to time.