Victorian Current Acts Victorian Current ActsS. 51A(1) substituted by No. 99/2005 s. 47(1).
(1) The holder of a registration licence may, during the term of the licence, surrender the licence to the Minister and apply, without payment of an application fee, for—
(a) the issue of a licence under section 51(1)(a) or (ba) in a non-declared water system; or
(b) the issue of a water share under Part 3A in a declared water system—
(as the case requires).
(2) Sections 51B and 51C do not apply to an application made under subsection (1).
S. 51A(3) amended by No. 99/2005 s. 47(2).
(3) On an application made under subsection (1), the Minister must issue, within 14 days after the application is made, a licence under section 51(1)(a) or (ba), or a water share under Part 3A, as the case may be, for the same maximum volume of water to be used in each year during the period of the licence as that which applied to the registration licence formerly held by the applicant.
S. 51A(4) amended by No. 99/2005 s. 47(3).
(4) A registration licence surrendered under subsection (1) is deemed to continue in operation until the issue of a licence under section 51(1)(a) or (ba) or a water share under Part 3A, as the case requires, in accordance with subsection (3).
S. 51B inserted by No. 5/2002 s. 21.