This division states, for section 126 (3) of the Act , the process for dealing with an application for relocation of—
(a) a water licence for the taking of water from a location in a water management area—(i) declared by the chief executive under section 137 (1) ; and(ii) for which water sharing rules mentioned in schedule 5 for the taking of water from the area allow all or part of the licence to be relocated under section 126 of the Act ; or
(b) a water licence if a water management protocol allows all or part of the licence to be relocated under section 126 of the Act .