7Payment to owners surrendering water entitlement

7 Payment to owners surrendering water entitlement

7 Payment to owners surrendering water entitlement

(1) The Board shall, forthwith after receiving any money pursuant to clause 6 (3) (a), pay that money to the owner of the irrigated holding who surrendered the entitlement to the quantity of water for which the money was paid, less a service charge determined by the Board and any amount owed by the owner to the Board.

(2) Where the Board is, pursuant to subclause (1), required to pay a sum of money to 2 or more owners of irrigated holdings, the Board shall divide that sum of money among those owners in the same proportion as the quantity of water surrendered by each owner bears to the total quantity of water surrendered.