Document ID: chunk:federal_register_of_legislation:C2008A00139:schedule:1:p101
Version: federal_register_of_legislation:C2008A00139
Segment Type: schedule
Provision Reference: sch 1 (pt 101/128)
Character Range: 350745–353628

exchange rate trade, if the transferor seeks to transfer an entitlement with lower reliability, the Authority must first apply the relevant conversion factor that would be applied to convert that entitlement into a type of entitlement with higher reliability, in the valley of origin.

       (3) An adjustment made under sub‑clause 1(1), must be calculated from the effective date of the relevant transfer.

       (4) The Authority must alter its procedures for delivering State entitlements to reflect any adjustments made under sub‑clause 1(1), in the manner set out in any protocol made under paragraph 6(1)(e).

Rule 1: Transfers into South Australia

       The Authority must increase:

(a) water deliveries to South Australia; and

(b) the volume provided to South Australia by the State out of which the transfer was made,

       but must not increase the priority of delivering the volume represented by any transfer.
Rule 2: Transfers out of South Australia

       The Authority must decrease:

(a) water deliveries to South Australia; and

(b) the volume provided to South Australia by the State into which the transfer was made.

Rule 3: Transfers out of New South Wales into Victoria

       The Authority must, in relation to Hume Reservoir:

(a) decrease the volume which may be delivered to New South Wales; and

(b) increase the volume which may be delivered to Victoria.

Rule 4: Transfers out of Victoria into New South Wales

       The Authority must, in relation to Hume Reservoir:

(a) decrease the volume which may be delivered to Victoria; and

(b) increase the volume which may be delivered to New South Wales.

    2. Interstate transfers of allocations

       (1) The Authority must adjust a State entitlement as a result of each interstate transfer of an allocation:

(a) by the adjusted volume of that transfer; and

(b) in accordance with Rules 5 — 8 set out below.

       (2) The Authority must alter its procedures for delivering State entitlements to reflect any adjustment made under sub‑clause 2(1),in accordance with any protocol made under paragraph 6(1)(f) of this Schedule.

Rule 5: Transfers into South Australia

       The Authority must increase:

(a) water deliveries to South Australia; and

(b) the volume provided to South Australia by the State out of which the transfer was made.

Rule 6: Transfers out of South Australia

       The Authority must decrease:

(a) water deliveries to South Australia; and

(b) the volume provided to South Australia by the State into which the transfer was made.

Rule 7: Transfers out of New South Wales into Victoria

       The Authority must, in relation to Hume Reservoir:

(a) decrease the volume which may be delivered to New South Wales; and

(b) increase the volume which may be delivered to Victoria.

Rule 8: Transfers out of Victoria into New South Wales

       The