Document ID: chunk:federal_register_of_legislation:C2024C00557:section:75:p2
Version: federal_register_of_legislation:C2024C00557
Segment Type: section
Provision Reference: s 75 (pt 2/3)
Character Range: 257888–260464

also includes so much of the new knowledge component (if any) as is worked out under subsection (3A).
 (3) The amount to be included in the Commonwealth's share of the reduction under paragraph (2)(b) is to be worked out on the basis that, for reductions in the long‑term average sustainable diversion limit for the water resources, or that part of the water resources, of the water resource plan area in any 10 year period, the Commonwealth's share of the reductions:
 (a) does not include so much of new knowledge components of those reductions as does not exceed (in aggregate) 3% of the relevant diversion limit; and
 (b) includes two‑thirds of so much of the new knowledge components of those reductions as:
 (i) exceeds (in aggregate) 3% of the relevant diversion limit; and
 (i) does not exceed (in aggregate) 6% of the relevant diversion limit; and
 (c) includes 50% of so much of the new knowledge components of those reductions as exceed (in aggregate) 6% of the relevant diversion limit.
 (3A) The amount to be included in the Commonwealth's share of the reduction under paragraph (2)(c) is to be worked out on the basis that, for reductions in the long‑term average sustainable diversion limit for the water resources, or that part of the water resources, of the water resource plan area in any 10 year period, the Commonwealth's share of the reductions:
 (a) does not include so much of new knowledge components of those reductions as does not exceed (in aggregate) 3% of the relevant diversion limit; and
 (b) includes all of so much of the new knowledge components of those reductions as exceeds (in aggregate) 3% of the relevant diversion limit.
 (4) For the purposes of applying subsection (3) or (3A) for a reduction in the long‑term average sustainable diversion limit for the water resources, or part of the water resources, of a water resource plan area, the relevant diversion limit is the earliest long‑term average sustainable diversion limit for those water resources, or that part of those water resources, that applied:
 (a) during the 10 years immediately preceding the reduction; and
 (b) on or after:
 (i) if the Basin State in which the water resource plan area is located is a State to which section 74A applies, and a transitional water resource plan or an interim water resource plan has effect for the area—the day on which that plan ceases to have effect; or
 (ii) in any other case—1 January 2015.
Note: The surface water of the Googong Dam Area is to be treated as if it were located in the Australian Capital Territory (see section 63A).