New South Wales Consolidated Acts

WATER MANAGEMENT ACT 2000 - SECT 71Z

71Z Access licence dealing principles

(cf former s 71L)

(1) The Minister may, by order published on the NSW legislation website, establish access licence dealing principles--

(a) to regulate or prohibit the kinds of access licence dealing rules that may be established by a management plan, and

(b) to regulate or prohibit the kinds of dealings that may be effected under this Division, and

(c) to establish conversion factors applicable to the share components of access licences in respect of which dealings are effected under this Division.

(2) The access licence dealing principles may include provisions relating to any or all of the following--

(a) the establishment of interstate water tagging zones,

(b) the establishment of NSW water tagging zones,

(c) the criteria to be considered for the granting of an application with respect to a nomination referred to in section 71W (1) (b), (c) or (d).

(3) The access licence dealing principles prevail over the access licence dealing rules to the extent of any inconsistency.