sec.986CDesignated plans and replacements

### sec.986C Designated plans and replacements This section applies if the water access entitlement is regulated under a designated plan or a replacement of a designated plan. No compensation is payable for a relevant reduction of 3% or less. Compensation is payable for a relevant reduction of more than 3% over the 10-year period starting on the end of the period for which the first water plan relating to the area for which the water access entitlement applies was in force. However, only one-third of the compensation payable for a relevant reduction of more than 3%, but not more than 6%, over the 10-year period is payable. Also, only one-half of the compensation payable for a relevant reduction of more than 6% over the 10-year period is payable. s 986C ins 2011 No. 31 s 393 amd 2014 No. 64 s 254 sch 1 (sec.986C-ssec.1) This section applies if the water access entitlement is regulated under a designated plan or a replacement of a designated plan. (sec.986C-ssec.2) No compensation is payable for a relevant reduction of 3% or less. (sec.986C-ssec.3) Compensation is payable for a relevant reduction of more than 3% over the 10-year period starting on the end of the period for which the first water plan relating to the area for which the water access entitlement applies was in force. (sec.986C-ssec.4) However, only one-third of the compensation payable for a relevant reduction of more than 3%, but not more than 6%, over the 10-year period is payable. (sec.986C-ssec.5) Also, only one-half of the compensation payable for a relevant reduction of more than 6% over the 10-year period is payable.