This legislation has been repealed.
(1) A water allocation
may be obtained—
(a) on
account of a water access entitlement under a water licence; or
(ab) as
a carry-over under subsection (7)(a)
or (b); or
(b)
under an Interstate Water Entitlements Transfer Scheme; or
(c) from
the holder of a forest water licence (subject to any conversion or adjustment
under the provisions of any relevant water allocation plan).
(2) In a case where subsection (1)(a)
applies, the water allocation may be obtained—
(a) by
the holder of the relevant water licence, on the basis that the
water allocation is being granted by the Minister under the terms of the water
licence; or
(b) by a
person, whether or not the person is the holder of a water licence, on the
basis of a transfer of a water allocation that has been provided by the
Minister under the terms of a water licence.
(2a) In a case where subsection (1)(ab)
applies, the water allocation that is carried over will be subject to such
adjustments (including a reduction) as the Minister may determine for the
purposes of this section.
(3) In a case where subsection (1)(b)
applies, the Minister will issue a water allocation that is to take effect for
the purposes of this Act.
(4) A water allocation
will relate to a specified water resource (or part of a water resource)—
(a)
endorsed on the relevant instrument under the terms of the water licence to
which the allocation is attributable (as determined under the water
access entitlement); or
(b)
determined under the terms of the relevant Interstate Water
Entitlements Transfer Scheme.
(5) A water allocation
is subject to—
(a) any
other provision of this Act that operates with respect to the
water allocation; and
(b) the
conditions attached to the water allocation.
(6) A water allocation
is personal property and may pass to another in accordance with the provisions
of this Act or, subject to this Act, in accordance with any other law for the
passing of property.
(7) A water allocation
will initially relate to a specified period (not exceeding 12 months) and
if water is not taken under the terms of the allocation during that period the
allocation may be carried over if—
(a) to
do so is authorised by the relevant water allocation plan; or
(b) a
carry-over is allowed by the Minister (either by determination of the Minister
in a particular case or cases or under a policy established by the Minister
for the purposes of this section by notice in the Gazette),
but otherwise the water allocation will expire at the end of the period.
(8) To avoid doubt, subsection (7)
extends to a water allocation converted from a water allocation attached to a
forest water licence under Part 5A to a
water allocation within the operation of this section.