Document ID: chunk:federal_register_of_legislation:C2004A01133:schedule:2:p10
Version: federal_register_of_legislation:C2004A01133
Segment Type: schedule
Provision Reference: sch 2 (pt 10/15)
Character Range: 30550–33994

Development Annual Allocation sourced from New South Wales
PLUS  the component of the Required Annual Release Shortfall allocated to New South Wales under sub‑clause 13(1) of this Schedule
PLUS  unless otherwise agreed with Victoria, half of the Snowy River Release Shortfall.

          (2)                The quantity of water referred to in paragraph 106(c) of the Agreement is calculated as follows:
      The Snowy‑Murray Development Annual Allocation sourced from Victoria
PLUS  the component of the Required Annual Release Shortfall allocated to Victoria under sub‑clause 13(1) of this Schedule
PLUS  half of the Excess Snowy River Release up to the volume of half of the Snowy River Release Shortfall in the previous Water Year for which an adjustment was made under sub‑clauses 11(2) and 12(1) of this Schedule in the previous Water Year, (such adjustments to reflect any waiver or agreement with Victoria as referred to in those sub‑clauses).

       13.                Required Annual Release Shortfalls

          (1)                If at the end of a Water Year there is a Required Annual Release Shortfall, the Required Annual Release Shortfall is to be accounted for by the Commission in accordance with Table One.

         TABLE ONE: WATER ACCOUNTING AND REQUIRED ANNUAL RELEASE SHORTFALLS

                                                                         ARRANGEMENT WITH RESPECT TO REQUIRED ANNUAL RELEASE SHORTFALL
TYPE OF WATER YEAR                                                                                                                                    WATER ACCOUNTING OUTCOMES
Water Year during which a period of special accounting is not in effect  Victoria agrees to the Required Annual Release Shortfall                     New South Wales and Victoria deemed to each have used the Required Annual Release Shortfall as agreed
                                                                         Victoria does not agree to the Required Annual Release Shortfall             New South Wales deemed to have used the whole of the Required Annual Release Shortfall
Water Year during which a period of special accounting is in effect      Victoria and the Commission agree to the Required Annual Release Shortfall   New South Wales and Victoria deemed to each have used the Required Annual Release Shortfall as agreed
                                                                         The Commission does not agree to the Required Annual Release Shortfall       New South Wales deemed to have used the whole of the Required Annual Release Shortfall

          (2)                The volume of any Required Annual Release Shortfall from the previous Water Year must be allocated equally between New South Wales and Victoria until the balance of Required Annual Release Shortfalls for either State is zero and thereafter wholly to the other State.

       14.                Other Water Accounting Provisions

          (1)                Where under this Schedule the Commission is required to adjust accounts in connection with the Snowy‑Murray Development Annual Allocation, it must make those adjustments in equal Monthly quantities.

          (2)                Where under this Schedule the Commission is required to adjust accounts in connection with inter‑valley transfer, it must make those adjustments in equal Monthly quantities during the balance of the Water Year in which New