Document ID: chunk:federal_register_of_legislation:F2010L02472:body:0:p5
Version: federal_register_of_legislation:F2010L02472
Segment Type: other
Provision Reference: 
Character Range: 10170–12895

to resolve the discrepancy.

 (6) If a discrepancy is not resolved within the same month as the month in which a licensing authority receives a report mentioned in paragraph (3) (b) of this step, the Authority must:
 (a) inform the Interstate Water Trade Taskforce; and
 (b) report the discrepancy to the independent auditor referred to in subclause 16 (5) of Schedule D for that year.

Step 6 Preparation of interstate transfer report

 (1) The Authority must, within 30 days after the end of each quarter, prepare and give to each Contracting Government and every licensing authority within each State an interstate transfer report with respect to the preceding quarter.

 (2) A report referred to in clause (1) of this step must set out the following information with respect to each valley for which a valley account is kept under clause 11 of Schedule D:
 (a) the number of interstate tags of entitlements;
 (b) the volume of water represented by such tagged entitlements;
 (c) the number and type of discrepancies that have not been resolved under clause (5) of step 5, and the name of the relevant licensing authority for each discrepancy; and
 (d) any other information, comment or recommendation that the Authority thinks appropriate.

Schedule 2 Processes – accounting for tagged allocations
(Section 8)

Step 1 Making an allocation

 (1) An SOO retailer must make the allocation into the relevant SOO allocation account for the entitlement.

 (2) The SOO retailer must promptly advise the relevant SOD retailer of the consequent credit available in the SOO allocation account.

 (3) The SOD retailer must establish an allocation account in the State of Destination for the person entitled to receive the allocation in the State of Destination.

Step 2 Ordering from an allocation

 (1) The person entitled to extract an allocation in the State of Destination must place an order with the relevant SOD retailer.

 (2) The SOD retailer must determine whether the credit available in the SOO allocation account is sufficient to meet the volume ordered.

 (3) An SOD retailer must not deliver water pursuant to an order, unless the credit available in the SOO allocation account is sufficient to meet the volume ordered.

Step 3 Keeping relevant accounts

 (1) Where an SOD retailer determines that the credit is sufficient under clause (2) of step 2, the SOD retailer must:
 (a) record an order made under clause (1) of step 2 as a first estimate of use; and
 (b) adjust the SOD allocation account accordingly.

 (2) The SOD retailer must promptly notify the SOO retailer of any order referred to in clause (1) of this step.

 (3) After notice is given under clause (2) of this step, a volume equivalent to the