71PSubdivision and consolidation of access licences

#### 71P Subdivision and consolidation of access licences 71P Subdivision and consolidation of access licences (cf former s 71C) > > (1) On the application of the holder of the access licence or access licences concerned, the Minister may consent— > > > > > (a) to the subdivision of an access licence—by cancelling the licence and granting two or more access licences in its place, or > > > > > (b) to the consolidation of two or more access licences that relate to the same water management area or water source and are of the same category or subcategory—by cancelling the licences and granting a single licence in their place. > > > (2) Access licences arising from a subdivision referred to in subsection (1) (a) may only be granted— > > > > > (a) with combined share components and combined extraction components no greater than the corresponding components of the cancelled access licence, and > > > > > (b) subject to the same mandatory conditions as those to which the cancelled access licence was subject, and > > > > > (c) for a period no greater than the residue of the period for which the cancelled access licence would have had effect if it had not been cancelled. > > > (3) Access licences arising from a consolidation referred to in subsection (1) (b) may only be granted— > > > > > (a) with combined share components and combined extraction components no greater than the sum of the corresponding components of the cancelled access licences, and > > > > > (b) subject to conditions consistent with those to which the cancelled access licences were subject, and > > > > > (c) for a period no greater than the residue of the period for which the earliest expiring of the cancelled access licences would have had effect if they had not been cancelled. > > > (4) An access licence arising from a subdivision or consolidation may only be granted in relation to the same water management area or water source as the cancelled access licence or licences. > > > (5) Any interests that subsisted in the cancelled access licences, as in force immediately before they were cancelled, become equivalent interests in the new access licences. > > > (6) (Repealed) > > **s 71P (previously s 71C):** Ins 2002 No 138, Sch 2 \[20\]. Am 2004 No 39, Sch 3 \[9\] \[10\]. Renumbered 2004 No 39, Sch 3 \[25\].