Water Management Act 1999

A special licence is to specify the water allocation applicable to it and –

the licence is to be used for the purposes referred to in section 115; and the licence is for a specified term not exceeding 99 years; and except in accordance with section 116(3), the licence may not be varied and the water allocation of the licence may not be reduced; and the licence may not be suspended or cancelled except in accordance with section 117; and an application for renewal of the licence may be made at any time within 10 years before the expiry of that licence.