WATER MANAGEMENT ACT 2000 - SECT 68B Increase of share components of Commonwealth and other access licences arising from arrangements

WATER MANAGEMENT ACT 2000 - SECT 68B

68B Increase of share components of Commonwealth and other access licences arising from arrangements

(1) The Minister may amend an access licence held by the Commonwealth (or a person nominated by the Commonwealth), at the Minister's discretion, by increasing the share component of the licence if the Minister is satisfied that--

(a) the amendment is required in order to give effect to an agreement or other arrangement (including, but not limited to, a funding agreement or arrangement) entered into by or on behalf of the State, and

(b) the licence forms part of the Commonwealth environmental water holdings within the meaning of the Water Act 2007 of the Commonwealth.

(2) The Minister may amend an access licence held by the State (or a public authority prescribed by the regulations), at the Minister's discretion, by increasing the share component of the licence if--

(a) the Minister is satisfied that the amendment is required in order to give effect to an agreement or other arrangement (including, but not limited to, a funding agreement or arrangement) entered into by or on behalf of the State, and

(b) the licence--

(i) is subject to an adaptive environmental water condition, or

(ii) is of an environmental subcategory, or

(iii) is for water taken or permitted to be taken under a licence of a class prescribed by the regulations for environmental purposes.