(1) The holder of an entitlement (in this Division referred to as the
"transferor" ) may, with the approval of the Ministerial Corporation, transfer
the whole, or part, of the water allocation for the entitlement to the holder
of another entitlement (in this Division referred to as the
"transferee" ).
(2) A transfer may be a temporary transfer for a limited
period before the transferred water allocation reverts to the transferor or
may be a transfer without limitation as to duration.
(3) A transfer may be
effected between different schemes only if the Ministerial Corporation is
satisfied:
(a) that the transfer would not result in the transferee's scheme
being subjected to an unacceptable commitment, and
(b) that such other
conditions as may be prescribed have been complied with.
