Document ID: chunk:federal_register_of_legislation:C2023A00111:clause:2_2:p2
Version: federal_register_of_legislation:C2023A00111
Segment Type: clause
Provision Reference: sch 2 cl 2 (pt 2/4)
Character Range: 32281–35035

to the surface water SDL resource unit as soon as practicable after the beginning of the first water accounting period after that commencement.

Register of take has not already commenced
 (3) If the register of take for a surface water SDL resource unit for which the Authority must make a one‑off adjustment has not already commenced as at the commencement of this section, the Authority must make a one‑off adjustment in relation to the surface water SDL resource unit as soon as practicable after the end of the water accounting period in which the register of take commences.

6.08E  Step 1—Calculation of annual permitted take and annual actual take for one‑off adjustment
 (1) This section and sections 6.08F and 6.08G set out how to calculate the one‑off adjustment to the cumulative balance of a surface water SDL resource unit.
 (2) For each relevant water accounting period for the surface water SDL resource unit, sum the maximum quantity of water permitted to be taken by each form of take for consumptive use from the surface water SDL resource unit (annual permitted take) in accordance with section 6.08G.
 (3) For the same relevant water accounting period, sum the quantity of water actually taken by each form of take for consumptive use from the surface water SDL resource unit (annual actual take) in accordance with section 6.08G.
 (4) For the purposes of calculating the one‑off adjustment to the cumulative balance of a surface water SDL unit, a relevant water accounting period, for the surface water SDL resource unit, means a water accounting period that begins on or after 1 July 2019, other than the water accounting period in which the register of take for the surface water SDL resource unit commences or any later water accounting period.

6.08F  Step 2—Calculate and record the one‑off adjustment
 (1) For each relevant water accounting period, if the annual actual take is greater than the annual permitted take, the difference is a debit.
 (2) For each relevant water accounting period, if the annual actual take is less than the annual permitted take, the difference is a credit.
 (3) For each relevant water accounting period, if there is no difference between the annual actual take and the annual permitted take, the difference is zero.
 (4) As a result of the calculations made under subsections (1) to (3), determine the one‑off adjustment to the cumulative balance by summing the total differences between annual permitted take and annual actual take for each relevant water accounting period for the surface water SDL resource unit.
 (5) If, in a relevant water accounting period, the circumstances mentioned in the example in paragraph 6.12(4)(b) apply, the one‑off adjustment for the surface water SDL resource