Document ID: chunk:federal_register_of_legislation:F2010L02472:body:0:p6
Version: federal_register_of_legislation:F2010L02472
Segment Type: other
Provision Reference: 
Character Range: 12664–15329

allocation account accordingly.

 (2) The SOD retailer must promptly notify the SOO retailer of any order referred to in clause (1) of this step.

 (3) After notice is given under clause (2) of this step, a volume equivalent to the volume of the order must be transferred from the SOO allocation account to the SOD allocation account by:
 (a) the SOO retailer debiting the SOO allocation account; and
 (b) the SOO retailer notifying the SOD retailer of the reduced credit available in the SOO allocation account; and
 (c) the SOD retailer crediting the SOD allocation account with the equivalent of the volume debited to the SOO allocation account.

 (4) If, on receiving notice of an order under clause (2) of this step, a SOO retailer determines that the volume of available water in the SOO allocation is insufficient to meet the order, it must promptly notify the SOD retailer of that fact.

 (5) If a person entitled to receive a tagged allocation in the State of Destination subsequently extracts any volume of water pursuant to an order referred to in clause (4) of this step, the State of Destination must deal with that extraction as if it were an unauthorised use of water in the State of Destination.

Step 4 Recording use of allocations

 (1) If:
 (a) a person entitled to receive an allocation in a State of Destination alters an order placed under step 2 before it has been delivered; or
 (b) a reading of that person's meter indicates that water has been used in the State of Destination which ought to have been attributed to a tagged allocation;
the processes in this step must be applied.

 (2) The SOD retailer must revise any first estimate of use made under clause (1) of step 3 and alter the SOD allocation account accordingly.

 (3) The SOD retailer must promptly advise the SOO retailer of the alteration made under clause (2) of this step.

 (4) The delivery of water pursuant to the tagged allocation must be adjusted accordingly.

 (5) The SOO retailer must adjust the SOO allocation account accordingly.

Step 5 Transfers

 (1) An application to transfer:
 (a) an allocation from a tagged entitlement to another person; or
 (b) an allocation under another entitlement to a tagged entitlement;
must be made to the relevant SOO retailer.

 (2) An SOO retailer that receives such an application must:
 (a) determine the application in accordance with the law of the State of Origin; and
 (b) make any necessary consequential adjustment to the SOO allocation account.

 (3) If the SOO retailer approves such an application, the SOO retailer must promptly notify the SOD retailer of that fact and of any consequential adjustment made to the