Limited term transfers of rights to future water allocations under water shares
33T Limited term transfers of rights to future water allocations under water shares
S. 33T(1) amended by Nos 85/2006 s. 9(1), 50/2010 s. 5, substituted by No. 28/2014 s. 4(2).
The owner of a water share may transfer the whole of the right to future water allocations under that share for a fixed period to any person.
A transfer under this section must specify the period for which the right is being transferred, being a period of not more than 20 years.
S. 33T(3) substituted by No. 32/2010 s. 9, amended by No. 48/2021 s. 8.
A transfer under this section authorises the holder of the transfer to take water under future water allocations under the water share—
from the date on which the transfer is recorded in the water register; or
if a later date is specified in the transfer, that date.
S. 33T(4) substituted by No. 48/2021 s. 36 (as amended by No. 10/2023 s. 14).
A transfer under this section may specify that water taken under the transferred water allocations may be taken from—
a water system that is not the associated water system for the water share; or
a water system zone that is not the zone applying to the transferred water allocations immediately before the transfer.
Note
Approvals under Part 4AA are also required before water can be taken under water allocations under a limited term transfer.
S. 33T(5) inserted by No. 85/2006 s. 9(2).
The holder of a limited term transfer may surrender the limited term transfer.
S. 33TA (Heading) substituted by No. 48/2021 s. 9(1).
S. 33TA inserted by No. 28/2014 s. 5.
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