After section 182--
insert--
'(1) This section applies for a water bore--
(a) drilled with the permission of the Minister under the 1923 Act, section 86; and
(b) within the area of a 1923 Act petroleum tenure.
'(2) On and from the day the Petroleum and Other Legislation Amendment Act 2005 commences, the water bore--
(a) is taken to be a water supply bore under this Act; and
(b) may be transferred without complying with section 75Q(2).
'(1) Until 1 July 2005, subsection (2) applies to a well or bore mentioned in section 75U instead of section 75U(4)(a).
'(2) The well or bore must be plugged and abandoned under this Act, as the Act was immediately before the commencement of this section.'.