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reg 35

Agent trading

In force
Part 8Related initiatives to facilitate administration of entitlements or related processes
Division 3Agent trading

35 Agent trading

(1)

The holder of the licence may appoint another person (the holder of the licence's agent) to act on their behalf in relation to any trading of—

(a)

a water access entitlement, or part of a water access entitlement, under the licence; or

(b)

a water allocation associated with the licence.

(2)

An appointment under subregulation (1)—

(a)

must be made in a manner and form determined by the Minister;

and

(b)

must be accompanied by the prescribed fee.

(3)

An appointment under this regulation—

(a)

may be made for—

(i)

an indefinite period; or

(ii)

a specified period; and

(b)

is revocable at will by the person who made the appointment (including in a case where a specified period under paragraph (a)(ii) is still running); and

(c)

may be made subject to conditions; and

(d)

does not derogate from the ability of the person who made the appointment to act in any matter.

(4)

While an appointment is in place under this regulation, an act of an agent in relation to the transfer of a water access entitlement (or part of a water access entitlement), or water allocation, on behalf of the person who made the appointment will be taken to be an act of the relevant person.

(5)

An appointment under this regulation takes effect when recorded by the Minister on the register.

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Section 35 — Agent trading — Landscape South Australia (Water Register) Regulations 2020 (South Australia) — Barrister AI