New South Wales Consolidated Regulations

WATER SHARING PLAN FOR THE UPPER BILLABONG WATER SOURCE 2003 - REG 57

57 Rules for conversion of access licence category

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

(2) Conversion of an access licence of one category to an access licence of another category may be permitted only if:

(a) the conversion is from an unregulated river access licence to a runoff harvesting access licence,

(b) the conversion is from a runoff harvesting access licence to an unregulated river access licence, or

(c) the conversion is from a regulated river (general security) access licence or a regulated river (high security) access licence to an unregulated river access licence.

(3) The volume of share component on an access licence issued under this clause is to be the volume of the cancelled share component multiplied by a conversion factor established by the Minister, and published in an Order made under section 71Z of the Act, that protects environmental water, basic landholder rights, and the reliability of supply to all other access licences subject to this Plan.