Document ID: chunk:federal_register_of_legislation:C2024C00557:schedule:1:p128
Version: federal_register_of_legislation:C2024C00557
Segment Type: schedule
Provision Reference: sch 1 (pt 128/154)
Character Range: 979070–981873

Snowy Montane Rivers External Increased Flows,
        and that flows into the catchment of the River Murray upstream of Hume Dam.

    7A. Calculating Required Annual Release
       (1) Subject to clause 7A and 7B of this Schedule, the Required Annual Release, and the Dry Inflow Sequence used to calculate it, must both be calculated in accordance with the Snowy Water Licence taken as a whole as at the Corporatisation Date.
       (2) Subject to sub‑clause 7A(3), the Required Annual Release for any Water Year, calculated in accordance with sub‑clause 7A(l), must be reduced by so much of the volume of any release made in the preceding Water Year that was surplus to the Required Annual Release for that Water Year.
       (3) The Required Annual Release for any Water Year must not be reduced under sub‑clause 7A(2) by a volume which exceeds the Dry Inflow Sequence Volume calculated on 1 March of the preceding Water Year.

    7B. Calculating Dry Inflow Sequence Volume
       (1) For the purpose of calculating the Dry Inflow Sequence Volume referred to in clause 7A in any month:
(a) the estimated inflows for the remainder of that Water Year must be taken to be the same as the minimum previously recorded inflows for the same period;
(b) the estimated losses for the remainder of that Water Year must be calculated by reference to:
              (i) the maximum previously recorded evaporation rates for the same period; and
              (ii) the expected Below Target storage volumes for that period;
(c) the volume required to supply the Jindabyne Base Passing Flows from 1 May 2006 must be added;
(d) the volume of losses attributable to storing Above Target Water from 1 May 2006 must be subtracted; and
(e) the volume of the Mowamba Borrowings Account must be added (not subtracted).
       (2) The Dry Inflow Sequence Volume calculated at the beginning of any month may be lower than the Dry Inflow Sequence Volume calculated at the beginning of the preceding month, provided that the Dry Inflow Sequence Volume calculated on 1 April in any Water Year must not be less than the Dry Inflow Sequence Volume calculated on the preceding 1 March.
PART III—WATER ACCOUNTING

    8. Entitlements Of New South Wales And Victoria To Use Water
The volume of water referred to in paragraph 94(1)(e) of the Agreement is calculated as follows:
The Net Snowy‑Murray Development Diversions to the River Murray
PLUS Murray to Murrumbidgee Inter‑Valley Transfers
PLUS the Required Annual Release Shortfall
PLUS the Snowy‑Murray Development Annual Allocation
PLUS Excess Snowy River Releases in excess of the volume of the Snowy River Release Shortfall in the previous Water Year
MINUS at the discretion of the Authority, Murrumbidgee to Murray Inter‑Valley Transfers
MINUS the Required Annual Release