Queensland Consolidated Acts Queensland Consolidated Acts(1) This section applies to an interim water allocation granted in response to an application mentioned in section 206(3) as if the allocation were a water licence, if part of the land to which the allocation attaches—
(a) is taken under the Acquisition of Land Act 1967; or
(b) is disposed of by the registered owner of the land to a constructing authority for a purpose for which land may be taken under that Act.
(2) If water taken under the allocation can still be delivered to the remaining part of the land—
(a) section 198 does not apply to the allocation; and
(b) the allocation may be amended under section 192 so it attaches to the remaining part of the land.
(3) Subsection (4) applies if—
(a) water taken under the allocation can not still be delivered to the remaining part of the land; and
(b) the holder of the allocation does not, within 60 business days after the acquisition or disposal, satisfy the chief executive that the requirements of section 206(3)(b) have been met in relation to the allocation.
(4) The allocation is taken to be surrendered and the chief executive must deal with the allocation under section 197(3).
(5) However, subsection (2)(a) and (b) apply if, within 60 business days after the acquisition or disposal, the holder satisfies the chief executive that the requirements of section 206(3)(b) have been met in relation to the allocation.