Document ID: chunk:federal_register_of_legislation:F2010L02466:front:0:p2
Version: federal_register_of_legislation:F2010L02466
Segment Type: other
Provision Reference: 
Character Range: 2674–5614

meaning given by the Act (including the Agreement), for example:
 Authority
 Committee
 exchange rate trade
 tagged trade.

6 Restriction on transfers

 (1) A person diverting or using water within a trading zone described in column 1 of an item in Table 1:
 (a) may transfer an entitlement or allocation only into a trading zone specified in column 2 of that item; and
 (b) may receive a transfer of an entitlement or allocation only from a trading zone specified in column 3 of that item; and

 (2) If:
 (a) a trading zone specified in column 2 of an item in Table 1 is identified as "back trade only" — a person may transfer an entitlement (by exchange rate but not by tag trade) or allocation, into the trading zone only from the trading zone described in column 1 of the item by back trade; and
 (b) a trading zone specified in column 3 of an item in Table 1 is identified as "back trade only" — a person may transfer an entitlement (by exchange rate but not by tag trade) or allocation, only from the trading zone into the trading zone described in column 1 of the item by back trade.

 (3) If:
 (a) a trading zone specified in column 2 of an item in Table 1 is identified as "conditional" — a transfer of an entitlement or allocation into the trading zone from the trading zone described in column 1 of the item is subject to any conditions imposed by the relevant licensing authority; and
 (b) a trading zone specified in column 3 of an item in Table 1 is identified as "conditional" — a person may only transfer an entitlement or allocation from the trading zone into the trading zone described in column 1 of the item subject to any conditions imposed by the relevant licensing authority.

 (4) Each of subsections (1), (2), and (3) is separate and independent and is not to be read down by reference to any of the others of those subsections.

 (5) A State Contracting Government must ensure that licensing authorities within the State:
 (a) do not approve transfers between trading zones unless the transfers comply with this section; and
 (b) do not refuse to approve transfers that comply with this section unless the reasons for refusal are outside the scope of this Protocol.

 (6) A number mentioned in column 2 or 3 of Table 1 means the trading zone described in column 1 of Table 1 with that item number.

Table 1

Item  Column 1                                                                                                                                                                                                     Column 2                                                     Column 3
      For this trading zone…                                                                                                                                                                                       Transfers may be made to these trading zones…                Transfers may be made from these trading zones…