Document ID: chunk:federal_register_of_legislation:C2024C00557:schedule:1:p154
Version: federal_register_of_legislation:C2024C00557
Segment Type: schedule
Provision Reference: sch 1 (pt 154/154)
Character Range: 1046753–1049056

4 – ACCOUNTING FOR WATER UNDER THIS SCHEDULE

    15. Establishing and maintaining accounts
       (1) Whenever Part 2 or Part 3 applies, the Authority must establish and maintain separate accounts for each State relating to:
(a) the storage and use of water for the purpose of meeting current critical human water needs; and
(b) water set aside for current conveyance water; and
(c) the storage and use of water for the purpose of meeting private carry‑over; and
(d) water set aside for the conveyance reserve.
       (2) The Authority must apply any relevant rules adopted under subclause 135 (14) of the Agreement when maintaining accounts under subclause (1).
       (3) The Authority must give to each Committee member a copy of each account mentioned in subclause (1) at the same time as the water accounts kept under Subdivisions D and E of Division 1 of Part XII of the Agreement.

    16. Reporting
       (1) Whenever Part 2 or Part 3 applies, within 14 days after the end of each month each State must give the Authority a written report setting out any alterations to each of the accounts mentioned in subclause 15 (1) for the State, required as a result of action taken in the preceding month.
       (2) If the Authority considers it necessary or appropriate to verify the contents of any report given under subclause (1), the Authority may appoint an independent auditor to investigate and advise it on the accuracy of the report.
       (3) If an independent auditor advises the Authority that a report was inaccurate in any way, the Authority must seek to resolve the matter in consultation with the relevant State.
       (4) If the Authority is unable to resolve the matter under subclause (3) within 14 days after raising it with the relevant State, the Authority may refer the matter to the Committee.
       (5) After considering any matter referred to it under subclause (4), the Committee may determine what, if any, adjustment is required to the accounts mentioned in subclause 15 (1), and the Authority must adjust the accounts accordingly.
PART 5 – REVIEW OF SCHEDULE

    17. Review of Schedule
The Committee may, from time to time, recommend to the Ministerial Council that the Ministerial Council review this Schedule in accordance with subclause 135 (11) of the Agreement.