44BCancellation of bulk entitlement where water to be transferred to environmental entitlement

44B Cancellation of bulk entitlement where water to be transferred to environmental entitlement (1) On application by an Authority to which a bulk entitlement has been granted under this Division, the Minister may cancel the bulk entitlement and allocate an environmental entitlement under Division 1A, either— (a) for an equivalent volume to that in the bulk entitlement; or (b) on equivalent terms and conditions to those specified in the bulk entitlement. (2) An entitlement must not be cancelled under subsection (1) unless the Minister is allocating to an environmental entitlement the water that is subject of the bulk entitlement. (3) The cancellation of a bulk entitlement under subsection (1) has effect from the time at which notice in writing is given by the Minister to the holder of the entitlement. S. 45 substituted by No. 32/2010 s. 30.