Water Management Act 2000

On the application of the holder of an access licence, the Minister may consent to the cancellation of the access licence and the grant of a new access licence with a share component specifying a different water source or water management area.

Subsection (1) does not apply to a local water utility access licence or supplementary water access licence.

An access licence arising under this section may only be granted—

subject to the mandatory conditions applicable to an access licence of the same category or subcategory for the water management area or water source specified in its share component, and

for a period no greater than the residue of the period for which the cancelled access licence would have had effect if it had not been cancelled.

Any interests that subsisted in the cancelled access licence, as in force immediately before it was cancelled, become equivalent interests in the new access licence.

(Repealed)