Document ID: chunk:federal_register_of_legislation:C2008A00139:schedule:1:p38
Version: federal_register_of_legislation:C2008A00139
Segment Type: schedule
Provision Reference: sch 1 (pt 38/128)
Character Range: 179846–182978

(a) the Commonwealth Government must contribute one‑quarter of all investigations, construction and administration costs after first deducting any contribution to those costs made by:

(i) Queensland and the Australian Capital Territory; or
(ii) any State pursuant to any understanding reached between that State and the Contracting Governments; and

(b) the State Contracting Governments must together contribute three‑quarters of all investigations, construction and administration costs:

(i) relating to river operations, in the relevant proportions determined under sub‑clause (2); and
(ii) relating to measures implemented under this Agreement, in equal shares.

       (5) The Ministerial Council, after considering any recommendation by the Authority, must determine whether the costs of any special action taken under sub‑clause 51(5) are investigations, construction and administration costs or operation and maintenance costs.

    73. Annuity Contributions

       (1) The Ministerial Council, on the recommendation of the Authority, may from time to time determine that a Contracting Government must make an annual annuity contribution in respect of either or both of:

(a) investigations, construction and administration costs; and

(b) major or cyclic maintenance costs,

        which the Contracting Government might otherwise be required to contribute under sub‑clause 72(1), (3), paragraph 72(4)(a) or sub‑paragraph 72(4)(b)(i), in any future year.

       (2) In fixing any annuity contribution under sub‑clause (1), the Ministerial Council must have regard to the Authority's estimate of costs which will be incurred during the next ensuing 30 years (or such other period as the Authority determines), as provided in the asset management plan, in relation to either or both of:

(a) the construction or renewal; and

(b) major or cyclic maintenance,

        of works constructed, operated, maintained or renewed for the purposes of river operations (as the case requires) including any interest or other sums receivable or payable in respect of any income received, by the Authority from time to time in relation to those works.

       (3) For the purposes of this Part, the Authority must establish guidelines for determining what is, and what is not, major or cyclic maintenance.

    74. Annual and forward estimates

       (1) The Authority must prepare:

(a) detailed annual estimates of its known and anticipated expenditure for the next financial year; and

(b) forward estimates of its known and anticipated expenditure for the three successive financial years following the next financial year.

       (2) Annual and forward estimates must:

(a) show the estimated amount to be contributed by each Contracting Government; and

(b) be sent to each Contracting Government as soon as practicable in each year; and

(c) be included in the corporate plan for approval by the Ministerial Council.

       (3) Annual and forward estimates may be amended by amendments to the corporate plan as provided in clause 35.

    Note — the Contracting Governments note their agreement of May