I'm not trying to pull anyone's leg but IMO it is wise moving the ponds up the road as the existing salt evaporation ponds would be flooded in case of a 1-in-100 year storm tide...
Sources:
http://www.climatechange.gov.au/publications/coastline/~/media/publications/coastline/5dsection515VIC.ashx
http://thelydianmode.com/2009/12/time-for-a-geelong-flood-levee/
brine pond application, page-21
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