71B   When matters required to be recorded in General Division of Access Register have effect

(1)  Subject to this section, any matter required to be recorded in the General Division of the Access Register:

(a)  has no effect unless it is so recorded, and

(b)  takes effect on being recorded.

(2)  An assignment dealing in relation to an access licence takes effect when details of the assignment are entered in the water allocation account for the access licence.

(3)  If an application for the extension of a term transfer under section 71N is received before the expiry of the term transfer, the extension is to be recorded in the Access Register as taking effect from the end of the current term of the term transfer.