Document ID: chunk:federal_register_of_legislation:C2004A01133:schedule:2:p12
Version: federal_register_of_legislation:C2004A01133
Segment Type: schedule
Provision Reference: sch 2 (pt 12/15)
Character Range: 36933–40393

of Water Savings and Water Entitlements to an Environmental Entitlement, the relevant State must calculate the equivalent volume by which its Long Term Diversion Cap must be reduced.

          (2)                If New South Wales or Victoria transfers either or both of Water Savings and Water Entitlements to an Environmental Entitlement, at the same time the relevant State must advise the Commission of its calculation as to the volume by which its Long Term Diversion Cap must be reduced.

          (3)                If the Commission is satisfied with the appropriateness of a calculation advised under sub‑clause 18(2), it must recommend to the Ministerial Council that the relevant Long Term Diversion Cap be amended in accordance with the calculation.

          (4)                If the Commission is not satisfied with the appropriateness of a calculation advised under sub‑clause 18(2), the Commission must arrange for the relevant volume referred to in sub‑clause 18(1) to be re‑calculated in consultation with the relevant State.

          (5)                If a majority of the Commissioners is satisfied with the appropriateness of a calculation made under sub‑clause 18(4), the Commission must recommend to the Ministerial Council that the relevant Long Term Diversion Cap be amended in accordance with the calculation.

          (6)                Despite paragraph 8(b) of Schedule F, the Ministerial Council must amend a Long Term Diversion Cap in accordance with any recommendation made by the Commission under sub‑clause 18(3) or 18(5).

    PART V: RIVER MURRAY INCREASED FLOWS

       19.                Obligation Of Commission To Make River Murray Increased Flows

Subject to this Part, the Commission must release River Murray Increased Flows.

       20.                Environmental Objectives And Strategy For River Murray Increased Flows

          (1)                Before the commencement of the second complete Water Year after the Corporatisation Date, the Ministerial Council must determine:

             (a)                a strategy for retaining and releasing River Murray Increased Flows to be implemented by the Commission; and

             (b)                the environmental objectives for the River Murray Increased Flows,

in accordance with the provisions of this clause.

          (2)                The Strategy:

             (a)                must include a provision to the effect that River Murray Increased Flows have first priority from River Murray Above Target Releases;

             (b)                may provide that water credited to the River Murray Increased Flows in Commission Storages Account need not be released during the Water Year in which it is credited;

             (c)                unless the Ministerial Council otherwise determines, must not have a significant adverse impact upon the security of entitlements to water;

             (d)                must integrate the environmental objectives for the River Murray Increased Flows with other environmental initiatives on the River Murray;

             (e)                must include adaptive management principles to allow the ability to optimise environmental benefits; and

             (f)                must prescribe appropriate environmental reporting and monitoring conditions.

          (3)                The Ministerial Council must determine the environmental objectives and Strategy in accordance