Document ID: chunk:federal_register_of_legislation:C2004A01133:schedule:2:p4
Version: federal_register_of_legislation:C2004A01133
Segment Type: schedule
Provision Reference: sch 2 (pt 4/15)
Character Range: 13157–16228

of water means the statistical probability of being able to supply a particular volume in any Water Year;

         (13)  "Required Annual Release" has the same meaning as in the Snowy Water Licence taken as a whole as at the Corporatisation Date. For the avoidance of doubt, "Required Annual Release" is not a reference to "Agreed Annual Release" under that Licence and a change to the Snowy Water Licence after the Corporatisation Date will not affect the calculation of Required Annual Releases for the purposes of this Schedule;

         (14)  "Required Annual Release Shortfall" means, in any Water Year, the volume by which the Required Annual Release from the Snowy‑Murray Development in that Water Year exceeds the actual release from the Snowy Scheme to the catchment of the River Murray upstream of Hume Dam in that Water Year;

         (15)  "River Murray Above Target Releases" means, in any Water Year, water that is released from the Snowy Scheme to the catchment of the River Murray upstream of Hume Dam in excess of the Required Annual Release from the Snowy‑Murray Development in that Water Year;

         (16)  "River Murray Annual Allocation" with respect to each Water Year means the annual allocation from the River Murray Apportioned Entitlement determined by New South Wales;

         (17)  "River Murray Apportioned Entitlement" means the volume of water from the Environmental Entitlements that is apportioned to the River Murray Increased Flows by New South Wales;

         (18)  "River Murray Increased Flows" means releases of water from major storages made by the Commission in accordance with Part V of this Schedule;

         (19)  "River Murray Increased Flows Accounts" means the water accounts to be maintained by the Commission under clause 21 of this Schedule;

         (20)  "River Murray Increased Flows in Commission Storages Account" means the water account to be maintained by the Commission under paragraph 21(1)(b) of this Schedule;

         (21)  "River Murray System" means the aggregate of:

             (a)       the River Murray;

             (b)       all tributaries entering the River Murray upstream of Doctors Point;

             (c)       the Ovens River; and

             (d)       the Lower Darling River System;

         (22)  "Seasonal Availability" with respect to the water to which an entitlement refers means:

             (a)       for that part of the entitlement whose availability is determined by reference to seasonal allocations: the final seasonal allocation announcement of the relevant State during the previous Water Year; and

             (b)       for that part of the entitlement whose availability is determined by reference to the entitlement of South Australia: the allocated volume received during the previous Water Year by South Australia as a proportion of its entitlement during that Water Year under this Agreement;

         (23)  "Snowy Montane Rivers External Increased Flows" means releases of water made by the Licensee to montane rivers under the environmental flow