WATER ACT 2000 - SECT 146 Converting water entitlements

WATER ACT 2000 - SECT 146

146 Converting water entitlements

(1) On the day a water entitlement notice takes effect—

(a) all water licences, interim water allocations or other authorities to take water, to be converted under the notice, expire and the chief executive must grant to the holders of the expired water licences, interim water allocations or other authorities, the water entitlements stated in the notice; and

(b) the registrar must record on the water allocations register details of each water allocation granted.

(2) If the allocation is managed under a resource operations licence, the allocation holder and the resource operations licence holder must have a supply contract for the allocation.

(3) Subsection (4) applies if—

(a) the allocation holder and the resource operations licence holder have not entered into a supply contract for the allocation; and

(b) the resource operations licence holder has placed a standard supply contract on the resource operations licence holder’s website.

(4) The resource operations licence holder and the allocation holder are taken to have been entered into the standard supply contract on the day the water allocation is registered.

(5) Subsection (6) applies if—

(a) the allocation holder and the resource operations licence holder have not entered into a supply contract for the allocation; and

(b) the resource operations licence holder has not placed a standard supply contract on the resource operations licence holder’s website.

(6) The resource operations licence holder and the allocation holder are taken to have been entered into the standard supply contract published on a Queensland Government website on the day the water allocation is registered.

(7) Subsection (2) does not apply if—

(a) the resource operations licence holder and the water allocation holder are the same person; or

(b) the water allocation holder is a subsidiary company of the resource operations licence holder.

(8) Subsection (9) applies if the chief executive has been given a notice under section 73 (1) (a) .

(9) The water allocation must be recorded in accordance with the notice and has effect on the day the granting of the allocation is recorded.