New South Wales Consolidated Regulations

WATER SHARING PLAN FOR THE KARUAH RIVER WATER SOURCE 2003 - REG 43

43 Three year accounting for water extraction

(1) Water taken from this water source in any 3 consecutive water accounting years under an access licence may not exceed a volume consisting of:

(a) the water allocations accrued under the licence in those years,

(b) plus any water allocations assigned from another access licence by a water allocation assignment under section 71 G of the Act in those years,

(c) plus any water allocations recredited in accordance with section 76 of the Act in those years, and

(d) minus any water allocations assigned to another access licence, by water allocation assignment under section 71 G of the Act in those years.

(2) Notwithstanding subclause (1), water taken under an access licence from this water source in the first 3 water accounting years of this Plan may not exceed a volume consisting of:

(a) 3 times the share component of the access licence,

(b) plus any water allocations assigned from another access licence by a water allocation assignment under section 71T of the Act in those years,

(c) plus any water allocations recredited in accordance with section 76 of the Act in those years, and

(d) minus any water allocations assigned to another access licence, by a water allocation assignment under section 71T of the Act in those years.