Standing assignments of future allocations under water shares
33TA Standing assignments of future allocations under water shares
S. 33TA(1) substituted by No. 48/2021 s. 9(2).
The owner of a water share, after obtaining the approval of the Minister, may assign the whole of the right to future water allocations under that share to another person.
S. 33TA(2) repealed by No. 48/2021 s. 9(2).
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S. 33TA(3) amended by No. 48/2021 s. 9(3), substituted by No. 48/2021 s. 37 (as amended by No. 10/2023 s. 15).
An assignment under this section may specify that water taken under the assigned water allocations may be taken from—
a water system that is not the associated water system for the water share under which the water allocations are made; or
a water system zone that is not the zone applying to the assigned water allocations immediately before the assignment.
Note
Approvals under Part 4AA are also required before water can be taken under an assigned water allocation.
S. 33TA(4) amended by No. 48/2021 s. 9(4).
A standing assignment takes effect on the date on which the Minister approves the giving of it under section 33X(1)(ba).
S. 33TA(5) amended by No. 48/2021 s. 9(5).
A standing assignment remains in effect until—
its revocation is approved under section 33TB; or
the water share is—
divided under section 33Y; or
consolidated with another water share under section 33Z; or
surrendered under section 33AA; or
cancelled under section 33AB or 33ABA.
S. 33TB (Heading) amended by No. 48/2021 s. 10(1).
S. 33TB inserted by No. 28/2014 s. 5, amended by No. 48/2021 s. 10(2).
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