Document ID: chunk:federal_register_of_legislation:C2008A00139:schedule:1:p63
Version: federal_register_of_legislation:C2008A00139
Segment Type: schedule
Provision Reference: sch 1 (pt 63/128)
Character Range: 244670–247524

the Commission in the current financial year is deemed to have been paid under that clause.

       (4) At the commencing day, the shares of the control of the transitional RMO assets will be retained by the Commonwealth, South Australia, New South Wales and Victoria, in the following shares:

               Commonwealth  20%
               South Australia  26.67%
               New South Wales  26.67%
               Victoria   26.67%

       (5) The shares referred to in sub‑clause (4) may be altered by the asset agreement.

    151. Review of resolutions, directions, procedures and measures and other activities

       (1) As soon as practicable after the commencing day and before the Basin Plan first takes effect, the Ministerial Council is to undertake a review of:

(a) resolutions of the former Ministerial Council that continue to have effect by virtue of the transitional provisions; and

(b) such of the resolutions, directions or procedures of the Commission that continue to have effect, by virtue of the transitional provisions, as if they were resolutions of the Ministerial Council under this Agreement.

       (2) As soon as practicable after the commencing day and before the Basin Plan first takes effect, the Authority is to undertake a review of such of the resolutions, directions, procedures, measures and other activities of the Commission that continue to have effect by virtue of the transitional provisions as if they were resolutions, directions, procedures, measures and other activities of the Authority under this Agreement.

    152. Review of Schedules

       (1) Without limiting clause 142 the Authority must, in consultation with the Committee and before the Basin Plan first takes effect, review the operation of:

(a) each of Schedules B, D, E and F of this Agreement; and

(b) the Schedules made under clauses 130 and 135 of this Agreement,

        to assess the extent to which each Schedule is consistent with the proposed Basin Plan.

       (2) If as a result of such a review the Authority forms the view that any change to any of the Schedules (including the removal of a Schedule or a change in the way a Schedule is administered) is necessary or desirable to improve consistency with the Basin Plan, the Authority must:

(a) recommend to the Ministerial Council that such change be made; and

(b) in so far as it is possible and appropriate for a change to be effected through a change in the corporate plan, include such change in a revised corporate plan for the approval of the Ministerial Council.

Signed for and on behalf of each of the parties by:

The Honourable Kevin Rudd MP   )
Prime Minister of Australia     )

The Honourable Nathan Rees MP    )
Premier of the State of New South Wales   )

The Honourable John Brumby MP    )
Premier of the State of Victoria