Document ID: chunk:federal_register_of_legislation:F2010L02474:body:0:p2
Version: federal_register_of_legislation:F2010L02474
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Character Range: 2610–5479

(2) The Authority must, in consultation with each State Contracting Government and, where appropriate, any relevant licensing authority, determine the form and content of a notice required to be given to or by the Authority under this Protocol.

7 Processes and principles

 (1) The Authority and each State Contracting Government and licensing authority must follow the processes and principles in the steps set out in Schedule 1.

 (2) State of Origin wholesalers should adopt the principle that, for tributary to Murray exchange rate transfers (for example Goulburn to South Australia), the fixed charge be billed in the same way as entitlements remaining in the State of Origin are charged, that is, directly to the State of Destination retailer.

 (3) For exchange rate transfers on the Murray, the principle to be adopted should be that the cost is calculated consistently with the existing cost-based formula for State financial contributions used by the Authority.

8 Review of Protocol

 (1) An independent auditor appointed under subclause 16 (5) of Schedule D to the Agreement may consider the operation of this Protocol and, if the auditor considers it appropriate, recommend that the Authority review the Protocol.

 (2) The Authority must review, and if appropriate, consider amending this Protocol if:
 (a) the Agreement is amended in a way that may be relevant to interstate transfers; or
 (b) Commonwealth or State legislation, or an instrument under such legislation, is made or amended in a way that may affect interstate transfers; or
 (c) any report about the operation of Schedule D to the Agreement or the markets for interstate transfers, prepared under clause 18 of Schedule D to the Agreement, indicates that a review of this Protocol is appropriate; or
 (d) an independent auditor mentioned in subsection (1) recommends, in connection with his or her appointment as an independent auditor, that a review is appropriate.

Schedule 1 Processes and principles
(Section 7)

Step 1 Preliminary processing of applications

 (1) When a transferor lodges a duly completed application form with the transferor's authority, the transferor's authority must promptly:
 (a) note the application in its records; and
 (b) consider any protocol made under paragraph 6 (1) (e) (Restrictions on Transfers) of Schedule D to the Agreement to determine whether the proposed transfer is prohibited by that protocol; and
 (c) if the transfer is prohibited – notify the transferor that the transfer is prohibited; and
 (d) if the transfer is not prohibited – give a copy of the application to the transferee's authority.

 (2) When a transferee lodges a duly completed application form with the transferee's authority, the transferee's authority must promptly:
 (a) note the application in its records; and
 (b) give a copy of the application to the transferor's