Document ID: chunk:federal_register_of_legislation:C2008A00139:schedule:1:p40
Version: federal_register_of_legislation:C2008A00139
Segment Type: schedule
Provision Reference: sch 1 (pt 40/128)
Character Range: 185464–188474

on either:
                  (A) investigations, construction and administration costs; or

                  (B) major or cyclic maintenance costs,
of river operations, as the case requires; or
(ii) from the Commonwealth, only be expended on investigations, construction and administration costs of river operations.

    78. Payments by Authority to Constructing Authorities

       (1) The Authority must each year, and in accordance with the estimates referred to in paragraph 74(1)(a) and the corporate plan, pay to any Constructing Authority required by this Agreement:

(a) to construct, operate or maintain any works;

(b) to carry on any operation;

(c) to implement any measures,

        an amount sufficient to defray either ‑

(d) the whole cost; or

(e) in the case of the cost referred to in paragraph 138(b), three quarters of the cost,

        to be incurred by the Constructing Authority for those purposes in that year.

       (2) The Authority must make the payments required under sub‑clause (1) at such times and in such manner as is agreed between the Authority and the Constructing Authority.

       (3) The Authority must not make any payment relating to the construction of any works or implementation of any measures referred to in sub‑clause 56(1) until construction or implementation has been authorised in accordance with that sub‑clause.

    79. Contracting Governments to Account

Each Contracting Government and any public authority must account to the Authority for all moneys received from the Authority under this Agreement.

    80. Unexpended Balances

       (1) Any unexpended balance of moneys paid to the Authority by Contracting Governments must only be expended under this Agreement in accordance with the corporate plan.

       (2) The Authority must notify Contracting Governments of any unexpended balances of moneys referred to in sub‑clause (1) held by it at the end of any financial year.

    81. List of Assets

       (1) Except as provided in sub‑clause (2) the Authority must keep a list of assets acquired by:

(a) the Authority;

(b) a Constructing Authority with funds provided by the Authority.

       (2) The Authority need not keep a list of assets referred to in paragraph (1)(b) if it is satisfied that:

(a) proper records of those assets are kept by the Constructing Authority; and

(b) copies of those records will be provided to the Authority at its request.

    82. Disposal of Surplus Assets

       (1) The Authority may, with the approval of the Committee, direct when and how surplus assets acquired by a Constructing Authority with funds provided by the Authority, shall be disposed of.

       (2) Subject to sub‑clause (3), the Committee must determine how proceeds from the disposal of surplus assets are:

(a) to be paid to the Authority and credited against future capital and renewal contributions by; or

(b) to be distributed among,

        the Contracting Governments, having regard to the