Document ID: chunk:federal_register_of_legislation:C2024C00557:clause:3_2
Version: federal_register_of_legislation:C2024C00557
Segment Type: clause
Provision Reference: sch 3 cl 2
Character Range: 1054905–1055589

2  Objectives and principles
  This Schedule sets out:
 (a) the Basin water market and trading objectives; and
 (b) the Basin water market and trading principles.
Note 1: These objectives and principles are relevant to the formulation of:
(a) the provisions of the Basin Plan (see item 12 of the table in subsection 22(1)); and
(b) the provisions of water management plans for particular water resource plan areas (see subsection 22(3)); and
(c) the provisions of the water market rules (see paragraph 97(1)(b)).
Note 2: These objectives and principles are based on those set out in clauses 58 to 63 and Schedule G of the National Water Initiative when Part 2 of this Act commences.