New South Wales Consolidated Regulations

WATER SHARING PLAN FOR THE MANDAGERY CREEK WATER SOURCE 2003 - REG 55

55 Rules for access licence dealings which alter the times, rates or circumstances specified access licence extraction components

(1) If there is remaining unassigned C class TDEL in a zone, a licence holder may apply under section 71S of the Act to alter their access licence extraction component in the same management zone to specify additional C class IDELs, in return for the surrender of A class IDELs.

(2) A dealing in accordance with subclause (1):

(a) can only occur in management zones 1 to 4,

(b) can occur within the same management zone and are subject to the following conversion factors:

(i) in Zone 1, for every 1 ML/day of A class IDEL surrendered, 3 ML/day of C class IDEL may be issued,

(ii) in Zone 2, for every 1 ML/day of A class IDEL surrendered, 2 ML/day of C class IDEL may be issued,

(iii) in Zone 3, for every 1 ML/day of A class IDEL surrendered, 1.6 ML/day of C class IDEL may be issued, and

(iv) in Zone 4, for every 1 ML/day of A class IDEL surrendered, 1.6 ML/day of C class IDEL may be issued, and

(c) can occur between management zones 1, 2, 3 and 4 after year 5 subject to conversion factors established by the Minister.