37Licences related to existing aquifer access licences

37 Licences related to existing aquifer access licences

37 Licences related to existing aquifer access licences

(1) This section applies to an eligible floodplain landholder if—

(a) a bore licence was, on or after 1 July 1993 and on or before 30 June 1999, in force in relation to the land on which the eligible floodplain landholder’s eligible water supply work is located, and

(b) the bore licence was replaced by an aquifer access licence under the Act, Schedule 10, and

(c) section 36 does not apply to the eligible floodplain landholder.

(2) The Minister must determine the share component of a replacement floodplain harvesting access licence for the eligible floodplain holder by—

(a) multiplying the maximum crop area for the relevant year by the crop conversion rate for cotton, and

(b) deducting the greater of the following for the relevant year under the bore licence, expressed in megalitres—

(i) the metered groundwater usage,

(ii) the entitlement.

(3) The share component of the replacement floodplain harvesting access licence is zero if the result under subsection (2) is less than or equal to zero.

(4) For subsection (2)(b), 1ML is taken to be 1 unit of a share component.