Document ID: chunk:federal_register_of_legislation:C2024C00557:schedule:1:p134
Version: federal_register_of_legislation:C2024C00557
Segment Type: schedule
Provision Reference: sch 1 (pt 134/154)
Character Range: 995321–998311

as:
(a) the Initial River Murray Increased Flows Account; and
(b) the River Murray Increased Flows in Authority Storages Account,
        maintained under sub‑clause 21(1) of Schedule G of the former Agreement immediately prior to commencement of this Schedule are continued in existence.
       (2) The Authority must maintain the continuous water accounts of the River Murray Increased Flows referred to in sub‑clause 21(1) in the manner required by this clause.
       (3) The Authority must:
(a) credit the Initial River Murray Increased Flows Account with the River Murray Annual Allocation notified by New South Wales;
(b) transfer from the Initial River Murray Increased Flows Account to the River Murray Increased Flows in Authority Storages Account, River Murray Above Target Releases allocated to the River Murray Increased Flows in accordance with the Strategy;
(c) record in the River Murray Increased Flows in Authority Storages Account the transfer of water in that account between Authority storages; and
(d) record in the River Murray Increased Flows in Authority Storages Account the release of River Murray Increased Flows from Authority storages.
       (4) The River Murray Increased Flows Accounts must be independently audited unless the Authority by resolution declares otherwise.
       (5) As soon as practicable after the completion of each audit, the Authority must send a copy of the audited River Murray Increased Flows Accounts to the Contracting Governments.

    22. Binding Effect of Strategy
Despite any other provision in this Agreement but subject to Divisions 2 and 3 of Part XII of the Agreement, the Authority must:
       (1) allocate River Murray Above Target Releases to the River Murray Increased Flows Accounts; and
       (2) manage the water in and releases of water from the River Murray Increased Flows in Authority Storages Account,
in accordance with the Strategy.
PART VI—NOTIFICATION AND CONSULTATION PROVISIONS

    23. Authority To Be Informed Of New Proposals
A Contracting Government must inform the Authority of any proposal:
       (1) to achieve Water Savings or to purchase Water Entitlements for the purpose of transferring those Water Savings or Water Entitlements to the Environmental Entitlements; or
       (2) to modify the reliability of a supply of water pursuant to an Environmental Entitlement,
in accordance with sub‑clause 49(4) of the Agreement.

    24. Snowy Scheme Annual Water Operating Plan
       (1) The parties acknowledge that as a result of provisions in the Snowy Water Licence and a deed between the Commonwealth, New South Wales and Victoria as at the Corporatisation Date, the Licensee is bound to consult with others, including the Authority, while developing each Annual Water Operating Plan and any variation to each Plan.
       (2) The Commonwealth, New South Wales and Victoria must:
(a) ensure the direct participation by the Authority in each consultation referred to in sub‑clause 24(1) or held