33FIssuing and nature of water shares

33F Issuing and nature of water shares S. 33F(1) amended by No. 54/2009 s. 14. (1) The Minister may issue a water share in respect of a declared water system. S. 33F(2) amended by No. 32/2010 s. 7(1). (2) Subject to this Act, a water share authorises the taking of water under the water allocation for the share during the water season for which the water allocation is allocated. Note to s. 33F(2) inserted by No. 32/2010 s. 7(2). The operation of some provisions of this Act affects the taking or use of water under a water share. Section 33AD is an example of such a provision. S. 33F(3) repealed by No. 48/2021 s. 35(1). (4) The Minister may issue a share under this section— (a) on receiving an application for a share under section 33L; or (b) under a contract for the sale of the share entered into in accordance with section 33P; or (c) on receiving an application under section 33M, in the case of the holder of a right in another State or a Territory that is equivalent to that of ownership of a water share. S. 33G inserted by No. 99/2005 s. 41.