360Notional rationing rate for general place of take approvals under section 359

360 Notional rationing rate for general place of take approvals under section 359 (1) On the commencement day, subsection (2) applies to an Authority or the Water Holder if that person is taken to hold a general place of take approval under section 359(2) for a place— (a) that is subject to a licence under section 67; and (b) that is not in an irrigation district. (2) The Authority or Water Holder 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 was taken; and (b) that applied immediately before the commencement day. (3) On the commencement day, if an Authority or the Water Holder is taken to hold a general place of take approval under section 359(2), the notional rationing rate fixed to the approval is zero if the approved place— (a) is not subject to a licence under section 67; and (b) is not in an irrigation district. S. 361 inserted by No. 48/2021 s. 108.