20Water allocation accounts

20 Water allocation accounts

20 Water allocation accounts

(1) For the Act, section 85(6), a water allocation account may be kept in the form of 2 or more sub-accounts.

(2) Subject to subsection (3), water allocations must be recorded as a debit from an access licence’s water allocation account—

(a) when water is ordered in relation to a nominated water supply work, or extraction point, on the access licence if the relevant management plan provides that a debit occurs at that time, or

(b) otherwise—when water is taken by the access licence’s nominated water supply works.

(3) If a water supply work or extraction point is nominated in relation to 2 or more access licences, water allocations taken by, or ordered in relation to, the work or extraction point must be recorded as a debit from one or more of the access licences’ water allocation accounts as follows—

(a) in accordance with priorities established by a management plan for the circumstances,

(b) if paragraph (a) does not apply, in accordance with a preference—

(i) nominated by the holder of the access licences, or

(ii) if the access licences are held by different people—as nominated jointly by the holders,

(c) as determined by the Minister if—

(i) paragraphs (a) and (b) do not apply, or

(ii) paragraph (a) does not apply and a nomination referred to in paragraph (b) cannot be implemented.

Note—

The Act, section 21(c) provides water allocations remaining in a water allocation account at the end of the water year may be carried over to the next water year if permitted under a management plan.