354Transition of notional rationing rates for general place of take approvals under section 353

354 Transition of notional rationing rates for general place of take approvals under section 353 (1) On the commencement day, subsection (2) applies to a person, who is taken to hold a general place of take approval under section 353 for a place that is not in an irrigation district. (2) The person is taken to have a notional rationing rate fixed to the approval that is the same as the rate under the extraction share condition— (a) that was fixed to the licence under section 67 for the works through which water could be taken for use on the land specified in the water-use licence or water-use registration; and (b) that applied immediately before the commencement day. (3) On the commencement day, the extraction share condition referred to in subsection (2) is taken to be removed from the licence. S. 355 inserted by No. 48/2021 s. 108.