Document ID: chunk:federal_register_of_legislation:C2024C00557:schedule:1:p50
Version: federal_register_of_legislation:C2024C00557
Segment Type: schedule
Provision Reference: sch 1 (pt 50/154)
Character Range: 765878–768673

once every 2 months, the Authority must determine the conveyance reserve to be held at the end of the following May, in accordance with this clause.
       (2) The conveyance reserve is the lesser of:
(a) the following:
              (i) before the Basin Plan takes effect—225 000 megalitres; and
              (ii) after the Basin Plan takes effect—the volume determined in accordance with the Basin Plan; and
(b) the volume for distribution determined under paragraph 102 (c)
less
the volume of critical human water needs determined under subclause 102A (1)
plus the following:
              (i) the Authority's estimate of the minimum flow of water into the River Murray from the sources referred to in paragraph 94 (1) (d);
              (ii) the volume calculated under clause 8 of Schedule F;
              (iii) any water stored by South Australia under subclause 91 (2).
       (3) If the result of a calculation made under subclause (2) is less than zero, the conveyance reserve must be taken to be zero.
       (4) The Authority must, from time to time, determine the contribution to be made by each of New South Wales, Victoria and South Australia to the conveyance reserve.

    103. Minimum Reserve
       (1) From time to time the Authority must determine, in accordance with the formula set out in sub‑clauses (2) and (3), the minimum reserve to be held at the end of the following May.
       (2) Unless the Ministerial Council determines otherwise, the minimum reserve must be the lesser of:
(a) one third of the water available determined under paragraph 102 (c)
less
the sum of the monthly entitlements of South Australia under paragraph 88(a) up to the end of the following May
less
one third of the conveyance reserve determined under clause 102D
plus
the sum of any imbalance of use during a period of special accounting calculated under clause 126; and
(b) 835 000 megalitres.
       (3) If the minimum reserve determined under paragraph (2)(a) is less than zero, then the minimum reserve shall be deemed to be zero.
       (4) Unless the Ministerial Council determines otherwise, the first 250,000 megalitres of any minimum reserve shall be held in Lake Victoria.
       (5) When considering:
(a) whether to make a determination under either of sub‑clauses (2) or (4); and
(b) the substance of any determination under either of sub‑clauses (2) or (4),
        the Ministerial Council:
(c) must have regard to the provisions of the Basin Plan, and in particular, to such of those provisions that are required by Part 2A of the Water Act;
(d) before the Basin Plan first takes effect, must take into account the requirements for conveyance water and seek the advice of the Authority in relation to those requirements.

    104. Use of State Works to Convey Murray Water
The