New South Wales Consolidated Regulations

WATER SHARING PLAN FOR THE ROCKY CREEK, COBBADAH, UPPER HORTON AND LOWER HORTON 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 licence by a water allocation assignment under section 71T of the Act in those years,

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

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

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

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