Document ID: chunk:federal_register_of_legislation:F2010L02474:body:0:p4
Version: federal_register_of_legislation:F2010L02474
Segment Type: other
Provision Reference: 
Character Range: 7874–10842

relevant exchange rate to be applied to the transfer; and
 (iii) enter data about the transfer in the Transfer Register; and
 (iv) notify the transferor's authority and the transferee's authority, accordingly; and
 (c) if the water cannot be delivered – notify:
 (i) the transferor's authority; and
 (ii) the transferee's authority;
 that the water cannot be delivered.

Step 4 Notifying parties that water cannot be delivered

 (1) If a transferor's authority receives a notice from the Authority under paragraph (c) of step 3, the transferor's authority must notify:
 (a) the transferor; and
 (b) any broker engaged to assist in making the proposed transfer;
that the transfer cannot be made.

 (2) If a transferee's authority receives a notice from the Authority under paragraph (c) of step 3, the transferee's authority must notify:
 (a) the transferee; and
 (b) any broker engaged to assist in making the proposed transfer;
that the transfer cannot be made.

Step 5 Consideration of application by transferee's authority

 (1) In a State where this clause is capable of applying, when the transferee's authority receives a notice from the Authority that water can be delivered, the transferee's authority must promptly:
 (a) endeavour to procure any:
 (i) environmental clearances; and
 (ii) cultural heritage assessment or approval;
 that is required before the proposed transfer can be made;               and
 (b) determine whether or not the transferee's authority can deliver the water comprised in the transfer to the transferee; and
 (c) considering the matters referred to in paragraphs (a) and (b) and any other matters which the transferee's authority is required by law to consider, determine whether the transferee's application will be granted.

 (2) If the transferee's authority decides that the transferee's application will not be granted, the transferee's authority must notify:
 (a) the transferor's authority; and
 (b) the Authority; and
 (c) the transferee; and
 (d) any broker engaged to assist in making the proposed transfer;
that the application will not be granted.

 (3) If the transferee's authority decides that the transferee's application will be granted, the transferee's authority must notify:
 (a) the transferor's authority; and
 (b) the Authority;
that the application will be granted.

Step 6 Finalisation of transfer arrangements

 (1) When the transferor's authority receives a notice from the transferee's authority that an application will be granted, the transferor's authority must:
 (a) cancel or amend the transferor's entitlement, as the case requires, to reflect the effect of the transfer; and
 (b) amend its records to reflect the effect of the transfer; and
 (c) on the same day on which it cancels or amends the transferor's entitlement, notify:
 (i) the transferee's authority; and
 (ii) the Authority;
 that the transfer has been completed.

 (2) On the same day on which the transferee's authority receives