New South Wales Consolidated Regulations

WATER SHARING PLAN FOR THE STUARTS POINT GROUNDWATER SOURCE 2003 - REG 34

34 Annual accounting for water extraction

(1) Water taken from this groundwater source will be accounted for at least annually.

(2) Water extracted by a water supply work (bore) nominated by an access licence is taken to be extracted and will be periodically debited against the access licence water allocation account.

(3) A water accounting year shall be the 12 month period commencing 1 July.

(4) In any one water accounting year, subject to local impact management restrictions arising from Part 10, Division 2 of this Plan, water taken from this groundwater source under an aquifer access licence may not exceed a volume consisting of:

(a) 100% of the access licence share component,

(b) plus any water allocations assigned from another licence under section 71T of the Act in that year,

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

(d) minus any water allocations assigned to another licence under section 71T of the Act in that year.

(5) Water allocations cannot be carried over in a water allocation account from one water accounting year to the next.

(6) A water allocation account shall remain at or above zero at all times.