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NATURAL RESOURCES MANAGEMENT (WATER RESOURCES AND OTHER MATTERS) AMENDMENT ACT 2007 (NO 24 OF 2007) - SECT 11

11—Insertion of section 146A

After section 146 insert:

146A—Special authority to take water in South Australia under interstate agreement

        (1)         The Minister may, in order to facilitate the interstate trading of allocations of water, so as to provide for authority to a person to take water in South Australia under the terms of an Interstate Water Entitlements Transfer Scheme, issue an authority (to be called an "IWETS authority") under this section.

        (2)         An application for an authority under this section must be in a form approved by the Minister and must be accompanied by the prescribed fee.

        (3)         The Minister may refuse to grant an authority under this section on the grounds that apply under subsection (3) of section 146 as if the application for the authority were an application for a licence under that section.

        (4)         The Minister may grant an authority under this section that is subject to—

            (a)         conditions prescribed from time to time by the regulations; and

            (b)         such other conditions as are endorsed on the authority by the Minister.

        (5)         An authority under this section—

            (a)         remains in force until the authority is terminated by or under this Act; and

            (b)         may specify intervals at which the Minister may vary the conditions of the authority.

        (6)         Without limiting the operation of subsection (4), a condition of an authority under this section that relates to a water resource within the Murray-Darling Basin may include—

            (a)         a requirement that the holder of the authority enter into a bond in such sum and subject to such terms and conditions specified by the Minister, or enter into some other arrangement specified by the Minister (which may include the payment of a sum or sums of money into an account specified by the Minister), to ensure that money is available to address the costs of any damage to the River Murray (being the costs of any such damage within the meaning of section 3(5) of the River Murray Act 2003 ) that may be attributable to the taking or use of water by virtue of the licence;

            (b)         a requirement that the holder of the authority—

                  (i)         develop to the satisfaction of the Minister an environment improvement program containing requirements specified by the Minister, and then comply with the requirements of that program to the satisfaction of the Minister; or

                  (ii)         participate in a specified environment improvement program (including a program that applies with respect to any part of the River Murray);

            (c)         a requirement that the holder of the authority participate in any other form of scheme to protect, restore or otherwise benefit the River Murray specified by the Minister (including a scheme established by the Minister or any other person or body that has effect in relation to any part of the River Murray and including by payment of a sum or sums of money into an account established or used for the purposes of the scheme).

        (7)         Without limiting the operation of subsection (6), a condition of a kind referred to in that subsection may be imposed with respect to any damage to the River Murray occurring before the commencement of this section.

        (8)         A condition of a kind referred to in subsection (6) may also be imposed with respect to damage to the River Murray occurring before the imposition of the condition.

        (9)         Sections 147 to 164 (inclusive) will apply to an IWETS authority issued under this section as if it were a water licence issued under section 146, subject to such modifications as may be necessary for the purpose or as may be prescribed by regulations made for the purposes of this provision.

        (10)         An IWETS authority is personal property vested in the holder of the licence and will pass to another person under Division 3 (as applied by subsection (9)) or (subject to that Division) in accordance with any other law for the passing of property.



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