(1) For the purposes of transferring an environmental entitlement under section 48OA, the Water Holder has the power to sell the whole or part of the entitlement—
(a) at auction; or
(b) by inviting tenders; or
(c) in any other manner it thinks fit.
(2) If the Water Holder decides to sell the whole or part of the entitlement under this section, the Water Holder must cause a notice to be published in the Government Gazette and in a newspaper circulating generally in the area concerned—
(a) declaring that the environmental entitlement, or a part of the environmental entitlement, is available for purchase; and
(b) giving details of the method by which the environmental entitlement or part is to be sold.
S. 48OD inserted by No. 50/2010 s. 20.