Document ID: chunk:federal_register_of_legislation:C2008A00139:clause:1_239t
Version: federal_register_of_legislation:C2008A00139
Segment Type: clause
Provision Reference: sch 1 cl 239T
Character Range: 71579–72653

239T  Financial matters

 (1) The following amounts (the transitional amounts) must be credited to the Murray‑Darling Basin Special Account:
 (a) amounts that, immediately before the commencement of this Part, are in bank accounts referred to in subclause 79(1) of the former MDB Agreement;
 (b) all other amounts in the Murray‑Darling Basin Commission's possession, custody or control immediately before that commencement.

 (2) If:
 (a) under an arrangement (other than the former MDB Agreement), a State paid the Murray‑Darling Basin Commission an amount for the purposes of the performance of the Murray‑Darling Basin Commission's functions; and
 (b) all or part of that amount is a transitional amount;
then:
 (c) for the purposes of spending the transitional amount, the functions of the Authority include those functions of the Murray‑Darling Basin Commission; and
 (d) the Authority must spend the transitional amount in accordance with that arrangement and not otherwise.

 (3) Sections 210 and 211 have effect subject to this section.

Division 5—Miscellaneous