(1) This subdivision applies to the following authorities (each a
"prescribed water authority" ) held by a former water entity immediately
before the commencement—
(a) a water licence to take or interfere with water
in the SEQ region;
(b) a water allocation to take or interfere with water in
the SEQ region.
(2) If an authority to which this subdivision applies is an
authority to take and interfere with water in the SEQ region, the authority is
a
"relevant authority" .
(3) If an authority to which this subdivision applies
is an authority that allows only taking of water, the authority is a
"limited authority" .