New South Wales Consolidated Regulations

WATER MANAGEMENT (GENERAL) REGULATION 2004 - REG 29G

29G New share components for existing Part 5 entitlements

(1) This clause applies for the purposes of clause 3 (1) (a), and clause 8, of Schedule 10 to the Act.

(2) On 1 November 2006, a Part 5 entitlement (or group of Part 5 entitlements) referred to in Column 1 of Schedule 4B is taken to have been replaced:

(a) by an aquifer access licence with a share component of the volume specified in Column 2 of that Schedule, and

(b) if a volume is specified in Column 3 of that Schedule, by a supplementary water access licence with a share component of the volume so specified.

(3) The volumes specified in Columns 2 and 3 of Schedule 4B in relation to any Part 5 entitlement (or group of Part 5 entitlements) have been calculated in accordance with the methodology set out in clauses 27 and 28 of the Water Sharing Plan for the Lower Murray Groundwater Source 2006 .