Water Management Act 2000

The Minister may grant an access licence of a category or subcategory determined by the Minister to the Minister, Local Land Services or another public body, without the need for an application to be made for the licence in accordance with Part 2 of Chapter 3, so long as—

works or other actions result in water savings in the system being made in the water source in respect of which the licence is granted, and

the share component of the licence is equivalent to the value of water savings in the system made, and

an adaptive environmental water condition is imposed on the licence.

In this section, system means that part of a water source to which a management plan applies that is not identified by the plan for commitments to basic landholder rights and for sharing and extraction under any other rights.