New South Wales Consolidated Regulations

WATER SHARING PLAN FOR THE WYBONG CREEK WATER SOURCE 2003 - REG 62

62 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 or aquifer access licence to a runoff harvesting access licence,

(b) the conversion is from unregulated river access licence to an aquifer access licence,

(d) the conversion is from unregulated river access licence to stock and domestic 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.