Document ID: chunk:federal_register_of_legislation:C2004A01133:schedule:2:p6
Version: federal_register_of_legislation:C2004A01133
Segment Type: schedule
Provision Reference: sch 2 (pt 6/15)
Character Range: 18953–22281

stations, aqueducts and other structures that comprise the Snowy‑Murray Development and the Snowy‑Tumut Development, that together are known as the Snowy Mountains Hydro‑electric Scheme;

         (33)  "Snowy‑Tumut Development" means the component of the Snowy Scheme comprising works that regulate the waters of the Eucumbene River, the Tooma River, the Upper Murrumbidgee River and the Upper Tumut River;

         (34)  "Snowy‑Tumut Development Annual Allocation" with respect to each Water Year means the annual allocation for the Snowy‑Tumut Development determined by New South Wales by reference to the Seasonal Availability of the water contained in the Snowy‑Tumut Development Designated Entitlement;

         (35)  "Snowy‑Tumut Development Designated Entitlement" means that part of the Environmental Entitlements designated against the Snowy‑Tumut Development by New South Wales;

         (36)  "Snowy Water Licence" means the licence issued under Part 5 of the Snowy Hydro Corporatisation Act 1997 (NSW);

         (37)  "Strategy" means the strategy for retaining and releasing River Murray Increased Flows determined under paragraph 20(1)(a) of this Schedule;

         (38)  "Translation Factors" means the translation factors used to convert Water Savings and Water Entitlements into an Environmental Entitlement with specified Reliability;

         (39)  "Upper Snowy River" means the Snowy River upstream of Jindabyne Dam (including the Mowamba River and the Cobbon Creek) but excluding the Eucumbene River;

         (40)  "Water Entitlement" means:

             (a)       an access licence granted under the Water Management Act 2000 (NSW); and

             (b)       a water right, licence to take and use water or bulk entitlement under the Water Act 1989 (Vic) together with any transferable allocation of sales water made to the holder of such a water right or licence,

            in either case purchased for the purpose of achieving either or both of:

             (c)       environmental flows from the Snowy Scheme; and

             (d)       River Murray Increased Flows;

         (41)  "Water Market" means, with respect to a Water Entitlement, the market from which the relevant Water Entitlement is drawn;

         (42)  "Water Savings" means the volume of water saved through one or more projects that saves water:

             (a)       by reducing transmission losses, evaporation or system inefficiencies; or

             (b)       by achieving either or both of water management and environmental improvements,

            for diversions from the River Murray System and either or both of Murrumbidgee River System and the Goulburn River System for the purpose of achieving:

             (c)       environmental flows from the Snowy Scheme; and

             (d)       River Murray Increased Flows;

         (43)  "Water Year" means the period of 12 Months commencing on 1 May in each year.

    PART II:  CALCULATING WATER VOLUMES

      3.                The Snowy Scheme And The River Murray

          (1)                In this Agreement, "Water Available to the Snowy‑Murray Development" means:
       Water of the Upper Snowy River regulated by the Snowy Scheme
PLUS   water of the Geehi River and Bogong Creek regulated by the Snowy Scheme
PLUS   any Snowy Notional