Document ID: chunk:federal_register_of_legislation:F2024C00760:reg:24:p10
Version: federal_register_of_legislation:F2024C00760
Segment Type: reg
Provision Reference: reg 24 (pt 10/36)
Character Range: 334353–337212

(2) if those requirements have been satisfied by a related party of the approval authority, on behalf of the approval authority.

12.38 Approval authority must disclose if it has been a party to a trade
(1) This section applies if:
            (a) an approval authority has approved the trade of a water access right; and
            (b) the approval authority, or a related party, was a party to the trade.
(2) The approval authority must publish the following information on its website as soon as practicable after the trade has been approved:
            (a) the facts referred to in subsection (1);
            (b) the type of water access right;
            (c) the volume of the water access right traded;
            (d) the number of days elapsed between lodgement and approval;
            (e) the price of the trade.

12.39 Approval authority to give reasons for restricting trade
(1) If an approval authority (the restricting authority) decides to restrict a proposed trade of a water access right, it must, subject to subsection (2), give notice of the decision and the reasons for the decision to each party.
(2) If a party to the proposed trade is an interstate party, the approval authority may instead give the notice to the interstate authority, together with a request that it notify the interstate party on behalf of the restricting authority.
(3) The restricting authority must give the notice as soon as practicable, and in any case within 30 days after the decision.
(4) The interstate authority must comply with a request under subsection (2) as soon as practicable.
(5) For this section, if a proposed trade involves a trade of a water access right between the State of the restricting authority and another State:
            (a) the approval authority in the other State is the interstate authority; and
            (b) a party who acts through the interstate authority is an interstate party.

        Part 5—Information and reporting requirements

        Division 1—General

12.40 Object of this Part
The object of this Part is to facilitate the trade of tradeable water rights by making information about the rights publicly available.

12.41 Authority to publish information it is given under this Part
The Authority must publish information it is given under this Part.

        Division 2—Information about water access rights

12.42 Water access rights to which this Division applies
In this Division, water access right does not include water allocation.

12.43 Information about water access rights to be made available
(1) A Basin State which holds information:
            (a) relating to a class of water access right conferred by or under a law of the State; and
            (b) which is referred to in section 12.44;
must give the information to the Authority in accordance with this section.
(2) The information must