New South Wales Consolidated Acts

SNOWY HYDRO CORPORATISATION ACT 1997 - SECT 26

26 Variation of licence

(1) The Snowy water licence may be varied by the Water Administration Ministerial Corporation:

(a) for the purpose of giving effect to anything that is agreed between the States of New South Wales and Victoria and identified in the agreement as an agreed outcome of the water inquiry under Part 4, or

(b) for the purpose of giving effect to the results of a review of the obligations under the licence as referred to in section 25, or

(c) for the purpose of giving effect to any agreement of the Commonwealth, the States and the Territories relating to reform of water entitlements within Australia, or

(d) for any special purpose for which the Water Administration Ministerial Corporation considers that a variation is necessary, or

(e) with the agreement of the Snowy Hydro Company.

(2) The licence may not be varied:

(a) before or after the first review of the licence under section 25 (2) (a)-so as to reduce the initial release of water to the Snowy River for environmental reasons as provided in the licence after it is issued, or

(b) after that first review-so as to reduce any increased amount of such releases of water to the Snowy River as provided in the licence after the variations made to the licence to give effect to the results of that first review.

(3) A variation of the licence is to be made in accordance with any relevant provisions of the licence and is effected by service of notice in writing of the variation on the Snowy Hydro Company.