Document ID: chunk:federal_register_of_legislation:C2024C00557:clause:3_4:p2
Version: federal_register_of_legislation:C2024C00557
Segment Type: clause
Provision Reference: sch 3 cl 4 (pt 2/2)
Character Range: 1059351–1061237

trading zone.
 (10) Exchange rates must not be used to achieve other outcomes such as to alter the balance between economic use and environmental protection or to reduce overall water use.
 (11) Trade in water allocations may occur within common aquifers or surface water flow systems consistent with water resource plans.
 (12) Trade from a licensed runoff harvesting dam (that is, not a small farm dam) to a river may occur subject to:
 (a) a reduction in dam capacity consistent with the transferred water access entitlement; or
 (b) retention of sufficient capacity to accommodate evaporative and infiltration losses; or
 (c) conditions specified in water resource plans to protect the environment.
 (13) Compatible institutional and regulatory arrangements will be pursued to improve intrastate and interstate trade, and to manage differences in entitlement reliability, supply losses, supply source constraints, trading between systems and cap requirements.
 (14) The transfer of water allocations and entitlements will be facilitated (where appropriate) by water access entitlement tagging, water access entitlement exchange rates or other trading mechanisms that may evolve over time.
 (15) Institutional, legislative and administrative arrangements will be introduced to improve the efficiency and scope of water trade and to remove barriers that may affect potential trade.
 (16) Barriers to permanent trade out of water irrigation areas up to an annual threshold limit of 4% of the total water entitlement of that area will be immediately removed, subject to a review by 2009 by the National Water Commission under paragraph 7(2)(h) of the National Water Commission Act 2004, with a move to full and open trade by 2014 at the latest.
 (17) Subject to this clause, no new barriers to trade will be imposed, including in the form of arrangements for addressing stranded assets.