Document ID: chunk:federal_register_of_legislation:C2024C00557:schedule:1:p106
Version: federal_register_of_legislation:C2024C00557
Segment Type: schedule
Provision Reference: sch 1 (pt 106/154)
Character Range: 920705–923399

the Authority must, in accordance with any protocol made under paragraph 6(1)(g), prepare and give to each State Contracting Government a report setting out the following information for the preceding year:
(a) the total volume of transfers of entitlements and allocations into and out of each State; and
(b) the exchange rates applied to interstate transfers referred to in paragraph 17(a); and
(c) any adjustment to the delivery of a State's entitlement made under clause 7; and
(e) any adjustment to the cap on diversions for a designated river valley made under clause 8.

    18. Review of interstate transfers
       (1) The Authority must prepare and give to the Ministerial Council and the Basin Community Committee a report under this clause:
(a) as soon as practicable after the end of 2 years after the water trading rules (within the meaning of the Water Act) first come into effect; and
(b) at any other time that the Committee determines from time to time.
       (2) The report must address:
(a) the operation of this Schedule; and
(b) the markets for interstate transfers of entitlements and allocations; and
(c) any other matter that the Committee directs; and
(d) any other matter that the Authority considers appropriate.

    19. Dispute resolution
       (1) This clause applies to any dispute arising under this Schedule between:
(a) one or more of the State Contracting Governments; and
(b) one or more State Contracting Government and the Authority,
(c) each of whom is a party for the purpose of this clause.
       (2) A dispute arises at the time when one party notifies the other party or parties in writing that there is a dispute about a matter specified in the notice.
       (3) If a dispute arises, the parties must seek, in good faith, to resolve the dispute expeditiously by negotiations between them.
       (4) If a dispute is not resolved within 60 days, a party to the dispute may give written notice to the other party or parties requiring the matter to be referred to a dispute panel:
(a) comprising at least two members agreed between the parties; or
(b) if they cannot agree, comprising an equal number of members appointed by each party to the dispute.
       (5) A dispute panel must meet within 7 days after it is appointed, or within such other period agreed by the parties.
       (6) A unanimous decision of the dispute panel is binding upon the parties.
       (7) If the dispute panel does not reach a unanimous decision:
(a) any dispute to which the Authority is a party must be referred to the Ministerial Council for resolution; and
(b) any dispute between State Contracting Governments may be referred by a party to an arbitrator, as if it