New South Wales Consolidated Regulations

WATER SHARING PLAN FOR THE KARUAH RIVER WATER SOURCE 2003 - REG 42

42 Annual accounting for water extraction

(1) Water taken from this water source will be accounted for at least annually.

(2) Water extracted by a water supply work nominated by an access licence is taken to be extracted and will be periodically debited against the access licence water allocation account.

(3) A water accounting year shall be the 12 month period commencing 1 July.

(4) The maximum water allocation that can be carried over from one water accounting year to the next is 100% of the access licence share component.

(5) In any one water accounting year water taken from this water source under an access licence may not exceed the volume in the water allocation account, subject to clause 43 (1).

(6) A water allocation account shall remain at or above zero at all times.