Document ID: chunk:federal_register_of_legislation:C2024C00557:section:4:p13
Version: federal_register_of_legislation:C2024C00557
Segment Type: section
Provision Reference: s 4 (pt 13/13)
Character Range: 62848–64305

plan area means an area that:
 (a) contains part of the Basin water resources; and
 (b) is specified in the Basin Plan as an area that is a water resource plan area for the purposes of this Act.
Note: See item 2 of the table in subsection 22(1).
water resources of a water resource plan area has the meaning given by item 2 of the table in subsection 22(1).
water service infrastructure has the meaning given by subsection 7(3).
water trading rules means the rules included in the Basin Plan under item 12 of the table in subsection 22(1).
wetland has the same meaning as in the Ramsar Convention.
 (2) The following principles are principles of ecologically sustainable development:
 (a) decision‑making processes should effectively integrate both long‑term and short‑term economic, environmental, social and equitable considerations;
 (b) if there are threats of serious or irreversible environmental damage, lack of full scientific certainty should not be used as a reason for postponing measures to prevent environmental degradation;
 (c) the principle of inter‑generational equity—that the present generation should ensure that the health, biodiversity and productivity of the environment is maintained or enhanced for the benefit of future generations;
 (d) the conservation of biodiversity and ecological integrity should be a fundamental consideration in decision‑making;
 (e) improved valuation, pricing and incentive mechanisms should be promoted.