24Giving effect to transfers of rights

24 Giving effect to transfers of rights

24 Giving effect to transfers of rights

(1) A permanent transfer of rights to take and use water between the holder of an entitlement and a person other than the Ministerial Corporation is to be effected by the issue of a new entitlement to the transferee.

(2) A temporary transfer of rights to take and use water between the holder of an entitlement and a person other than the Ministerial Corporation is to be effected by altering the conditions to which the entitlements of the transferor and transferee are subject.

(3) A permanent or temporary transfer of rights to take and use water between a holder of an entitlement and the Ministerial Corporation is to be effected, after the receipt of the relevant notice referred to in clause 18 (1) (b) or the approval of the relevant application referred to in clause 23, by—

(a) the issue of a new entitlement to the transferee, or

(b) altering the conditions to which the entitlements of the transferor and transferee are subject.

(4) The Ministerial Corporation may refuse to give effect to a transfer of rights to take and use water to or from the Ministerial Corporation for any or no reason.

cl 24: Am 2009 (602), Sch 1 [6] [7].