71Contravention of notice

71 Contravention of notice (a) is served with a notice under section 70; and (b) contravenes a direction of the notice. (5) For subsection (1), it is immaterial if the contents of the notice are inconsistent with or contrary to a term or condition of a licence, permit or other authorisation granted under this Act or another Act. 71AA Transfer of entitlements to water (1) The holder (the seller) of a water extraction licence may apply to the Controller to approve a transfer of all or part of the holder's entitlement to water under the licence to one or more other holders (the buyer) of a licence granted in respect of the same water resource. Example for subsection (1) A licence holder does not use the entire water entitlement under the licence and wishes to sell a portion of it to a farmer who holds a licence to extract water from the same water resource. (2) The application must be in a form approved by the Controller. (3) The Controller must approve or refuse to approve the transfer of water entitlement and give the seller and the buyer written notice of the decision. (4) If the Controller approves the transfer of water entitlement, the transfer takes effect on the later of: (a) the day after the approval is given; or (b) the date of transfer specified in the application.

Water Act 1992 59 71AB Amendment of licences if transfer approved (1) If the Controller approves an application made under section 71AA(1), the Controller must amend the licences to: (a) reduce the seller's entitlement to water; and (b) increase the buyer's entitlement to water by no more than the reduction in the seller's entitlement under paragraph (a). (2) An amendment to a licence under subsection (1) is not a decision to which section 90 applies.