This Act amends the Water Management Act 2000. Amendments include the following sectors: term water allocation transfers. Section 71M Transfer of access licences. Insert after section 71M: The transferee of an access licence is taken to hold the access licence subject to any term water allocation transfer, as referred to in section 71NA, that is in effect when, or is due to come into effect after, the licence is transferred. Section 71NA term transfers of water allocation entitlements. Section 71X (4A) If an access licence that is transferred is subject to a term water allocation transfer, as referred to in section 71NA, that has been registered (whether or not it has come into effect), the transferee is taken to hold the licence subject to the term water allocation transfer for the balance of the period for which it has effect unless it is sooner cancelled or terminated in accordance with this Act. Section 71X, definition of “affected person”. Several sections related to licence requirements.