Document ID: chunk:federal_register_of_legislation:C2024C00557:schedule:1:p130
Version: federal_register_of_legislation:C2024C00557
Segment Type: schedule
Provision Reference: sch 1 (pt 130/154)
Character Range: 984264–987316

discretion of the Authority, Murrumbidgee to Murray Inter‑Valley Transfers
       (2) The volume of water referred to in sub‑clause 108(3) of the Agreement is calculated as follows:
The component of the Required Annual Release Shortfall from the previous Water Year allocated to Victoria under sub‑clause 13(2) of this Schedule
PLUS half of the River Murray Above Target Releases allocated to the River Murray Increased Flows received by Hume Reservoir
PLUS half of the Snowy River Release Shortfall, unless Victoria has previously advised the Authority that Victoria waives this element of its allocation in any Water Year.

    12. Use By New South Wales And Victoria Of Allocated Water
       (1) The quantity of water referred to in paragraph 109(b) of the Agreement is calculated as follows:
Murray to Murrumbidgee Inter‑Valley Transfers
PLUS Excess Snowy River Releases in excess of the volume of the Snowy River Release Shortfall in the previous Water Year
PLUS the Snowy‑Murray Development Annual Allocation sourced from New South Wales
PLUS the component of the Required Annual Release Shortfall allocated to New South Wales under sub‑clause 13(1) of this Schedule
PLUS unless otherwise agreed with Victoria, half of the Snowy River Release Shortfall.
       (2) The quantity of water referred to in paragraph 109(c) of the Agreement is calculated as follows:
The Snowy‑Murray Development Annual Allocation sourced from Victoria
PLUS the component of the Required Annual Release Shortfall allocated to Victoria under sub‑clause 13(1) of this Schedule
PLUS half of the Excess Snowy River Release up to the volume of half of the Snowy River Release Shortfall in the previous Water Year for which an adjustment was made under sub‑clauses 11(2) and 12(1) of this Schedule in the previous Water Year, (such adjustments to reflect any waiver or agreement with Victoria as referred to in those sub‑clauses).

    13. Required Annual Release Shortfalls
       (1) If at the end of a Water Year there is a Required Annual Release Shortfall, the Required Annual Release Shortfall is to be accounted for by the Authority in accordance with Table One.

         TABLE ONE: WATER ACCOUNTING AND REQUIRED ANNUAL RELEASE SHORTFALLS

TYPE OF WATER YEAR                                                               ARRANGEMENT WITH RESPECT TO REQUIRED ANNUAL RELEASE SHORTFALL                           WATER ACCOUNTING OUTCOMES
Water Year during which a period of special accounting is not in effect          Victoria agrees to the Required Annual Release Shortfall                                New South Wales and Victoria deemed to each have used the Required Annual Release Shortfall as agreed

Victoria does not agree to the Required Annual Release Shortfall                 New South Wales deemed to have used the whole of the Required Annual Release Shortfall

Water Year during which a period of special accounting is in effect              Victoria and the Ministerial Council agree to the Required Annual Release Shortfall     New South Wales and