Document ID: chunk:federal_register_of_legislation:F2024C00760:reg:24:p5
Version: federal_register_of_legislation:F2024C00760
Segment Type: reg
Provision Reference: reg 24 (pt 5/36)
Character Range: 320896–323875

a tagged water access entitlement is established once the tag has been approved by all relevant approval authorities.
(5) In this section:
tagged water access entitlement means a water access entitlement:
            (a) which is registered on a water register in relation to one place; and
            (b) under which the water allocation is extracted in a different place (which is tagged on the register);
pursuant to an arrangement for water access entitlement tagging.

        Subdivision C—Additional rules relating to groundwater

12.24 Trade within a groundwater SDL resource unit
The trade of a water access right between 2 locations within a groundwater SDL resource unit is prohibited, unless all the following conditions are met:
            (a) there is sufficient hydraulic connectivity between the 2 locations;
            (b) any resource condition limits in the SDL resource unit specified in a water resource plan will not be exceeded as a result of the trade;
            (c) either:
                (i) water access rights in the 2 locations have substantially similar characteristics of timing, reliability and volume; or
                (ii) measures are in place to ensure that the water access right to be traded will maintain its characteristics of timing, reliability and volume;
            (d) measures are in place to address the impact, as a result of trade, on water availability in relation to a water access right held by a third party.
Note:  Section 10.37 sets out requirements for a water resource plan in relation to this section.

12.25 Trade between groundwater SDL resource units
The trade of a water access right between 2 groundwater SDL resource units is prohibited, unless all the following conditions are met:
            (a) there is sufficient hydraulic connectivity between the 2 units;
            (b) any resource condition limits in either unit specified in a water resource plan will not be exceeded as a result of the trade;
            (c) measures are in place to account for the trade;
            (d) either:
                (i) water access rights in the 2 units have substantially similar characteristics of timing, reliability and volume; or
                (ii) measures are in place to ensure that the water access right to be traded will maintain its characteristics of timing, reliability and volume;
            (e) measures are in place to address the impact, as a result of trade, on water availability in relation to a water access right held by a third party.
Note:  Section 10.38 sets out requirements for a water resource plan in relation to this section.

12.26 Trade between groundwater and surface water
The trade of a water access right between a groundwater SDL resource unit and a surface water SDL resource unit is prohibited, unless all the following conditions are met:
            (a) there is sufficient hydraulic connectivity between the 2 units;
            (b) any resource condition limits in