New South Wales Consolidated Regulations

WATER SHARING PLAN FOR THE NEW SOUTH WALES MURRAY AND LOWER DARLING REGULATED RIVERS WATER SOURCES 2003 - REG 56

56 Rules for interstate assignment of water allocations

(1) This clause relates to dealings under section 71V of the Act.

(2) Water allocation equivalents from other States may only be assigned to the water allocation accounts of access licences in these water sources, subject to:

(a) the terms of any relevant interstate agreement, and

(b) the application of a conversion factor, established by the Minister and published in an order made under section 71Z of the Act and any other measures necessary to protect environmental water, domestic and stock rights, native title rights and reliability of supply to all access licences in these water sources.

(3) Water allocations from access licence water allocation accounts in these water sources may only be assigned to water allocation equivalents from other States, subject to:

(a) the terms of any relevant interstate agreement, and

(b) the application of a conversion factor, established by the Minister and published in an order made under section 71Z of the Act and any other measures necessary to protect environmental water, domestic and stock rights, native title rights and reliability of supply to all access licences in these water sources.

(4) A dealing under subclauses (2) or (3) is prohibited if, in the opinion of the Minister:

(a) the supply of the water allocation arising from the assignment is not physically possible, or

(b) there is more than a minimal likelihood that the dealing will affect environmental water, domestic and stock rights, native title rights and reliability of supply to all access licences in either of these water sources.