(1) A 1923 Act petroleum tenure holder may, by complying with the requirements under subsection (3) , transfer a water observation bore or water supply bore in the area of the tenure to the landowner.Note—See also the Water Act 2000 , section 808 .
(2) A water monitoring authority holder may, by complying with the requirements under subsection (3) , transfer a water observation bore in the area of the authority to the landowner.
(3) The requirements are that both of the following have been lodged—(a) a notice in the approved form;(b) the transfer fee prescribed under a regulation.
(4) The approved form must require—(a) a statement by the holder transferring the bore that—(i) if the bore has been drilled under section 75K †” section 75K has been complied with for the bore; or(ii) if the bore has been converted from a well under section 75L †” section 75L has been complied with for the bore; and(b) the signed consent of the landowner to the transfer.
(5) In this section—
"landowner" means the owner of the land on which the bore is located.