WATER ACT 1989 - SECT 64FX Transfer of notional rationing rate on application by approval holders
WATER ACT 1989 - SECT 64FX
Transfer of notional rationing rate on application by approval holders(1) On receiving an application under this section, the Minister may transfer all or part of the notional rationing rate that applies to a general place of take approval held by one applicant to a general place of take approval held by the other applicant.
(2) In deciding whether to transfer a notional rationing rate under subsection (1), the Minister—
(a) must apply any relevant rules made under Division 4; and
(b) may have regard to any other matter the Minister considers relevant.
(3) The holders of general place of take approvals may apply to the Minister to transfer the notional rationing rate under subsection (1).
(4) A transfer under this section may be for a limited or an unlimited period and the transfer must specify the period that it is for.
S. 64FY inserted by No. 48/2021 s. 32 (as amended by No. 10/2023 ss 7–13).