Water Act 2000

This section applies in relation to the annual levy payable by resource tenure holders for—

the financial year during which this section commences; or

the financial year immediately after the financial year mentioned in paragraph (a).

Former section 479 continues to apply for working out the annual levy if—

for the financial year mentioned in subsection (1)(a)—before the commencement, the annual levy for the year had been worked out under former section 479; or

for the financial year mentioned in subsection (1)(b)—

before the commencement, the annual levy for the year had been worked out under former section 479; or

the financial year starts within 6 months after the day of the commencement.

If subsection (2) does not apply in relation to the financial year, new section 479 applies for working out the annual levy.