Document ID: chunk:federal_register_of_legislation:C2004A01133:schedule:2:p8
Version: federal_register_of_legislation:C2004A01133
Segment Type: schedule
Provision Reference: sch 2 (pt 8/15)
Character Range: 24910–28027

in the relevant Water Year
MINUS  the change in the balance of the Mowamba Borrowings Account during the relevant Water Year.

      6.                Snowy River Release Shortfalls

In this Agreement, "Snowy River Release Shortfalls" means the greater of zero and the volume of water calculated as follows:
       The Snowy River Annual Allocation in the relevant Water Year
PLUS   9 GL
PLUS   the change in the balance of the Mowamba Borrowings Account from the commencement to the end of the relevant Water Year
MINUS  the regulated releases made to the Snowy River in the relevant Water Year, measured immediately below the confluence of the Snowy River and the Mowamba River.

      7.                Accounting For Water Releases

For the purposes of this Agreement, water releases from the Snowy‑Murray Development to the catchment of the River Murray upstream of Hume Dam are to be accounted as:

             (1)                water releases as at Murray 1 Power Station; and

             (2)                any water that would have passed through the Murray 1 Power Station but does not:

                (a)                for operational reasons; or

                (b)                because it is released from the Snowy Scheme as Snowy Montane Rivers External Increased Flows,

and that flows into the catchment of the River Murray upstream of Hume Dam.

    PART III:  WATER ACCOUNTING

      8.                Entitlements Of New South Wales And Victoria To Use Water

The volume of water referred to in paragraph 91(1)(e) of the Agreement is calculated as follows:
       The Net Snowy‑Murray Development Diversions to the River Murray
PLUS   Murray to Murrumbidgee Inter‑Valley Transfers
PLUS   the Required Annual Release Shortfall
PLUS   the Snowy‑Murray Development Annual Allocation
PLUS   Excess Snowy River Releases in excess of the volume of the Snowy River Release Shortfall in the previous Water Year
MINUS  At the discretion of the Commission, Murrumbidgee to Murray Inter‑Valley Transfers
MINUS  the Required Annual Release Shortfall from the previous Water Year
MINUS  River Murray Above Target Releases allocated to the River Murray Increased Flows received by Hume Reservoir.

      9.                Water Estimated To Be Under The Control Of The Commission

Water referred to in paragraph 98(e) of the Agreement is estimated as follows:
       The Net Snowy‑Murray Development Diversions to the River Murray
PLUS   Murray to Murrumbidgee Inter‑Valley Transfers
PLUS   the Required Annual Release Shortfall
PLUS   the Snowy‑Murray Development Annual Allocation
PLUS   Excess Snowy River Releases in excess of the volume of the Snowy River Release Shortfall in the previous Water Year
MINUS  at the discretion of the Commission, Murrumbidgee to Murray Inter‑Valley Transfers
MINUS  the Required Annual Release Shortfall from the previous Water Year
MINUS  River Murray Above Target Releases allocated to the River Murray Increased Flows received by Hume Reservoir,

in each case before the end of the following May.

       10.                Allocation of Water to New South