394AMethodologies for determining water volume and value

394A Methodologies for determining water volume and value

394A Methodologies for determining water volume and value

(1) The regulations may prescribe methodologies by which a determination of the following may be made for the purposes of this Act—

(a) a volume of water,

(b) the value of water.

(2) A prescribed methodology may be used to determine a volume of water if—

(a) a provision of this Act or the regulations expressly provides for the use of a prescribed methodology, or

(b) an actual measurement is unavailable, including due to the absence of metering equipment or a fault in metering equipment.

(3) A prescribed methodology must be used to determine the value of water if a provision of this Act or the regulations expressly provides for the use of a prescribed methodology.

(4) A methodology may be prescribed for—

(a) one or more specific provisions of this Act or the regulations, or

(b) all provisions of this Act and the regulations.

s 394A: Ins 2025 No 70, Sch 3[142].