986
In forceParticular reductions in allocation’s value
986 Particular reductions in allocation’s value
(1)
An owner of a water allocation is entitled to be paid reasonable compensation by the State if a change, while the water plan relating to the allocation is in force, reduces the value of the allocation.
(2)
This section does not apply to the owner of a water allocation for a change that reduces the value of the allocation if section 986A(1)(a) applies, unless no compensation is payable under section 986G(3) for the change.
This Act’s bill:Explanatory memorandum
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