Document ID: chunk:federal_register_of_legislation:C2024C00557:schedule:1:p105
Version: federal_register_of_legislation:C2024C00557
Segment Type: schedule
Provision Reference: sch 1 (pt 105/154)
Character Range: 917930–920965

applying the relevant exchange rate.
              (iii) The type of entitlement into which the allocation or entitlement transferred has been converted.
              (iv) The base valley into which the transfer was made.
              (v) The designated river valley into which the transfer was made.
              (vi) The date upon which either:
                • any new entitlement was created at the place of destination; or
                • the use of the transferred allocation was authorised,
as a result of the transfer, as the case requires.
              (vii) The identifying number of any new entitlement.
              (viii) If the transfer was made between States, an identifying interstate transfer number, allocated to the transfer by the Authority.
(c) The effective date of the transfer, being the later of the dates referred to in sub‑paragraphs 16(3)(a)(viii) and 16(3)(b)(vi).
       (4) Pursuant to the obligations set out in paragraph 13(1)(c) of Schedule E, each State Contracting Government must ensure that the Authority promptly receives all such information relating to transfers within, to or from the territory of that State, as may be necessary to keep the Transfer Register up‑to‑date.
       (5) The Authority must arrange for an independent auditor to undertake an audit in accordance with sub‑clauses 16(5A) and 16(5B) if:
(a) the Authority is not satisfied that any volumetric errors in the monthly reconciliation process between the States and the Authority can be rectified; or
(b) the Committee determines that the Authority is to arrange for the audit to be undertaken.
       (5A) The Authority must arrange for the auditor to examine whether there is any discrepancy between:
(a) information provided by each State Contracting Government under sub‑clause 16(4); and
(b) information provided under clause 8 of Appendix 3 to this Schedule; and
(c) information set out in the Transfer Register.
       (5B) The Authority must arrange for the auditor to make recommendations to the Ministerial Council, as soon as practicable after the audit is completed, about any alteration of the Transfer Register that the auditor thinks desirable in view of any such discrepancy.
       (6) After considering any recommendation made by an independent auditor under sub‑clause 16(5B), the Ministerial Council may require the Authority to make any alteration to the Transfer Register, which the Ministerial Council considers appropriate.
       (7) The Authority must recalculate any adjustment to the cap on diversions or any annual diversion target, pursuant to clause 8, in respect of which a relevant alteration has been made to the Transfer Register under sub‑clause 16(6).

    17. Monitoring and reporting
  By 31 December in every year, 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