Document ID: chunk:federal_register_of_legislation:C2024C00557:schedule:1:p40
Version: federal_register_of_legislation:C2024C00557
Segment Type: schedule
Provision Reference: sch 1 (pt 40/154)
Character Range: 739763–742727

years following the next financial year.
       (2) Annual and forward estimates must:
(a) show the estimated amount to be contributed by each Contracting Government; and
(b) be sent to each Contracting Government as soon as practicable in each year; and
(c) be included in the work plan for approval by the Ministerial Council.
       (3) Annual and forward estimates may be amended by amendments to the work plan as provided in clause 35.

    Note—the Contracting Governments note their agreement of May 2006 to at least maintain their 2006‑07 contributions to the Murray‑Darling Basin Commission in real terms for the four years to 2010‑2011.  The Contracting Governments recommit to that agreement for the purpose of making their funding contributions to the Authority to the end of 2010‑2011, for the functions the Authority performs that were previously performed by the Murray‑Darling Basin Commission.

    75. Payments by Contracting Governments
Each Contracting Government must pay any amount payable by it under clause 72 or 73 as and when required by the Authority.

    76. Authority to Account
       (1) All moneys received by the Authority from the Contracting Governments under this Agreement must be credited to the Murray‑Darling Basin Special Account.
       (2) The Authority must account to the Ministerial Council and each Contracting Government for all moneys received from the Contracting Governments under this Agreement.

    77. Application of Moneys by Authority
       (1) Subject to sub‑clause (3), the Authority must apply money paid by the Contracting Governments in accordance with the relevant estimates referred to in paragraph 74(1)(a), the work plan and the other provisions of this Agreement.
       (2) In any financial year, the Authority may:
(a) spend any anticipated savings on an item in the estimates prepared or revised under paragraph 74(1)(a) on any item which it anticipates will be overspent;
(b) advance sums to any Constructing Authority, public authority or person for expenditure in accordance with those estimates in that, or any subsequent financial year;
(c) advance working capital to a Constructing Authority and replenish amounts expended from that advance from time to time.
       (3) The Authority may accumulate:
(a) any sums received under sub‑clause 72(3) or (4) for the purposes of river operations, but not expended in any year; and
(b) any annuity contributions received under clause 73,
        for use in subsequent years.
       (4) Any sum referred to in sub‑clause (3) and any interest thereon must:
(a) in the case of sums received under sub‑clause 72(3), only be expended on operation and maintenance costs; and
(b) in the case of sums received under sub‑clause 72(4), only be expended on investigations, construction and administration costs; and
(c) in the case of annuity contributions received under clause 73:
              (i) from a State Contracting Government, only be expended