(1) Unless the Ministerial Corporation otherwise determines, upon the issue of
a group licence or an amended group licence any licence or authority issued
under this Part and any licence issued under Part 5 pursuant to which water
may be taken and used by the occupier or occupiers of any lands within the
private district of the Board to which the group licence or amended
group licence has been issued shall lapse and no compensation shall be payable
by reason of the operation of this subsection.
(2) Any such determination may
be subject to such terms, limitations and conditions whether by way of
restriction or variation or modification or otherwise of the licences or
authorities referred to in subsection (1), or any of them, as the Ministerial
Corporation may in its absolute discretion determine.
