New South Wales Consolidated Regulations

WATER SHARING PLAN FOR THE NEW SOUTH WALES MURRAY AND LOWER DARLING REGULATED RIVERS WATER SOURCES 2003 - REG 43

43 Accrual of water allocations

(1) Water allocations shall be accrued into each access licence water allocation account in accordance with the available water determinations made for the category of access licence in the water source.

(2) The maximum volume of water allocation that may be credited to a regulated river (general security) licence in the NSW Murray Regulated River Water Source from available water determinations during a water year shall be equal to 1.1 megalitres multiplied by the number of unit shares specified in the access licence share component minus the volume of water allocations carried over from the previous water year.

Note: Subclause (2) means that if a volume equivalent to say 0.3 megalitres per unit share is carried over in a licence account and the allocations for the water year totalled say 0.9 megalitres per unit share, then the licence account would only be credited with a further 0.8 megalitres per unit share. The balance of 0.1 megalitres per unit share would not be credited to that licence account.

(3) The maximum volume of water allocation that may be credited to a regulated river (general security) licence in the Lower Darling Regulated River Water Source from available water determinations during a water year shall be the greater of:

(a) 0.5 megalitres multiplied by the number of unit shares, or

(b) 1 megalitre multiplied by the number of unit shares minus the volume of water allocations carried over from the previous water year.

Note: Subclause (3) ensures that those regulated river (general security) access licence holders with on-farm storages who have carried over additional water as a result of the operation of clause 46 (3) can receive up to 50% of the current year’s water allocations.