Document ID: chunk:federal_register_of_legislation:F2010L02475:body:0:p2
Version: federal_register_of_legislation:F2010L02475
Segment Type: other
Provision Reference: 
Character Range: 2678–5806

the accounts maintained by the Authority to record adjustments made to the volume of:
 (a) water delivered to South Australia as a result of transfers of entitlements or allocations from the Australian Capital Territory, New South Wales or Victoria to South Australia; and
 (b) water held in Hume Reservoir that may be delivered to New South Wales or Victoria respectively, as a result of transfers of entitlements or allocations between New South Wales and Victoria.
valley account means an account maintained by the Authority under subclause 11 (3) of Schedule D to the Agreement.

Note    Several other words and expressions used in this Protocol have the meaning given by the Act (including the Agreement), for example:
 Authority
 exchange rate trade
 tagged trade
 water year.

Part 2 Rules for adjusting valley accounts

6 Transfers of allocation

 (1) Promptly upon receiving copies of records relating to interstate transfers of allocations for any month from each of the three State licensing authorities, the Authority must adjust any relevant valley account, determined by reference to Table 1, by a volume equivalent to the net volume of transfers into and out of that valley during the relevant month.

 (2) Where different advice is received from State licensing authorities in regard to the volume of interstate trade in a month due to differences in the timing of approvals within State Licensing Authorities the Authority may estimate the appropriate volume.

 (3) The Authority may combine the accounts for the Goulburn, Campaspe and Loddon valleys.

Table 1 – Valley accounts and state transfer accounts

To         Goulb  Camp-aspe  Loddon   Vic M   NSW M    Bidgee      SA       Snowy             Lwr D
From
Goulb      -      C          L        G       G, H     G, H, B     G, V     G, Sv             G, H, D

Camp-aspe         -          C, L     C, G    C, G, H  C, G, H, B  C, G, V  C, G, Sv          C, G,  H, D
                             (not G)
Loddon                       -        L, G    L, G, H  L, G, H, B  L, G, V  L, G, Sv          L, G,  H, D

Vic M                                 -       H        H, B        V        Sv                H, D

NSW M                                         -        B           N        Sn                D

Bidgee                                mirror           -           B, N     B, Sn             B, D

SA                                            image                -        V(orN), Sv or Sn  D, N

Snowy                                                                       -                 D, Sn

Lwr D                                                                                         -

 (4) In Table 1:
B means the Murrumbidgee valley account.
C means the Campaspe valley account.
D means the Lower Darling valley account.
G means the Goulburn valley account.
H means the Vic/NSW transfer account in Hume.
L means the Loddon valley account.
N means the NSW/SA transfer account.
Sn means the Snowy environmental transfer account (NSW).
Sv means the Snowy environmental transfer account (Vic).
V means the Vic/SA transfer account.