This legislation has been repealed.
167—Allocation of reserved water
(1) The following
provisions apply in relation to the allocation of reserved water despite the
other provisions of this Act:
(a) the
restrictions (if any) in the relevant water allocation plan as to the purpose
for which allocated water can be used do not apply to the allocation of
reserved water (but this paragraph does not prevent the Minister from
allocating reserved water subject to the same or similar restrictions);
(b) the
allocation will be for a limited term of not more that 15 years and may
be based on a water access entitlement specified by the Minister;
(c) the
Minister may require an applicant to pay to the Minister for the allocation of
reserved water an amount negotiated with the applicant either in one payment
or a series of periodic payments;
(d) subsections (2)
and (7) of section 147
do not apply in relation to an allocation of reserved water;
(f) a
person cannot transfer an allocation of reserved water to another person.
(2) The Minister must
not allocate reserved water unless—
(a) a
regulation that sets out requirements that must be satisfied is in force; and
(b)
those requirements have been satisfied.
(3) A regulation
referred to in subsection (2)(a)
cannot come into operation until it is no longer possible for the regulation
to be disallowed under section 10 of the Subordinate
Legislation Act 1978 .