Landscape South Australia (Water Register) Regulations 2020

For the purposes of Schedule 4 clause 8(4)(b) of the Act, the Minister must not register a security interest if the application is being made in relation to a water licence or a water access entitlement that is being, or has been, transferred for a limited period.

The Minister must not register a transfer of a water licence or a water access entitlement (or part of a water access entitlement) for a limited period if—

the water licence or water access entitlement (as the case may be) is subject to a registered security interest; and

the security interest is not being discharged before the registration of the transfer under these regulations.

Subregulation (2) does not apply if—

the transfer is for part of a water access entitlement;

and

the security interest does not, or will not at the time of the registration of the transfer, apply in relation to the part of the water access entitlement that is being transferred.