WATER ACT 2000 - SECT 172
Effect on priority of notices given under s 73(1)(c)
WATER ACT 2000 - SECT 172
Effect on priority of notices given under s 73(1)(c)
172 Effect on priority of notices given under s 73(1)(c)
(1) If the chief executive is given a notice about a water allocation under
section 73(1) (c) , the registrar must record the notice for the water
allocation—
(a) within 60 business days after details of the water
allocation are recorded on the water allocations register under section 146(1) (b) ; and
(b) with the priority the interest mentioned in the notice had
on the land registry for the land to which the interest relates as at the day
the allocation is recorded.
(2) A notice recorded under subsection (1) —
(a) has the effect of encumbering the water allocation for which the notice is
recorded with the interest mentioned in the notice; and
(b) for the
application of section 173, is taken to be a mortgage for the water
allocation for the Land Title Act 1994, part 6 , division 3 .
(3) No fee
under this Act, including a titles registry fee, or duty under the
Duties Act 2001is payable for the recording of a notice under subsection (1)
.