(1)  The Minister may vary a licence as provided by this section.

(2)  The licence may be varied –

(a) with the written consent of the licensee and of any other person as required by subsection (3) ; or

(b) subject to subsection (3) , on application by the licensee; or

(c) where the licence specifies when the conditions of the licence may be varied, at or within the times so specified if the Minister reasonably determines that the variation is necessary or desirable to further the objectives of this Act; or

(d) if so provided by a water management plan; or

(e) if the Minister is authorised to do so under section 106 ; or

(f) to give effect to a reduction in a water allocation of the licence by the Minister under section 88 ; or

(fa) if a water allocation endorsed on a licence is for the taking of water into a dam to which a Division 3 permit or a Division 4 permit relates and either –

(i) those dam works are not completed in accordance with that permit; or

(ii) conditions in relation to the operation, in accordance with the objectives of this Act, of the dam, when constructed, are to be placed on the licence; or

(g) on a transfer under Division 4 ; or

(h) to give effect to an order under section 192 .

(3)  If, in the case of a variation under subsection (2)(a) or (b) , the register of licences, water allocations and permits includes a notation that a person has a financial interest in the licence or a water allocation of the licence, the written consent of that person to the variation is required unless the effect of the variation is to increase the water allocation.