Water Allocation Account definition
Water Allocation Account means an account maintained by the Company which records the crediting, acquiring, debiting and withdrawal of Water Allocation;
Water Allocation Account means:
(a) an account with the reference number set out in Item 3 of Schedule 1; or
(b) a Consolidated Water Allocation Account, maintained by the Company which records:
(c) the crediting, acquiring, debiting and withdrawal of Water Allocation;
(d) the crediting, acquiring, debiting and withdrawal of Carryover Units;
(e) the usage of Delivery Entitlements for ordering Water Allocation; and
(f) Internal Annual Transfers of Delivery Entitlements;
Water Allocation Account for an access licence means the account for the licence referred to in section 85 (1).
Examples of Water Allocation Account in a sentence
F: The power to act on behalf of the Customer in respect of obtaining information in respect of the Water Allocation Account, Landholding, Water Entitlements and mapping.
E: The power to act on behalf of the Customer in respect of obtaining information in respect of the Water Allocation in the Water Allocation Account.
D: The power to act on behalf of the Customer in respect of transactions on the Company’s Water Exchange, including listing Tradeable Rights from the Water Allocation Account on the Company’s Water Exchange, selling Tradeable Rights through the Company’s Water Exchange, purchasing Tradeable Rights through the Company’s Water Exchange and transferring them to the Water Allocation Account.
More Definitions of Water Allocation Account
Water Allocation Account means the account kept by the Regulating Authority specifying the quantity of water available for delivery from time to time to the holder thereof.