Document ID: chunk:federal_register_of_legislation:C2008A00139:schedule:1:p119
Version: federal_register_of_legislation:C2008A00139
Segment Type: schedule
Provision Reference: sch 1 (pt 119/128)
Character Range: 398809–401799

issued under Part 5 of the Snowy Hydro Corporatisation Act 1997 (NSW);

       (37) "Strategy" means the strategy for retaining and releasing River Murray Increased Flows referred to in clause 20 of this Schedule;

       (38) "Translation Factors" means the translation factors used to convert Water Savings and Water Entitlements into an Environmental Entitlement with specified Reliability;

       (39) "Upper Snowy River" means the Snowy River upstream of Jindabyne Dam (including the Mowamba River and the Cobbon Creek) but excluding the Eucumbene River;

       (40) "Water Entitlement" means:

(a) an access licence granted under the Water Management Act 2000 (NSW); and

(b) a water right, licence to take and use water or bulk entitlement under the Water Act 1989 (Vic) together with any transferable allocation of sales water made to the holder of such a water right or licence,

        in either case purchased for the purpose of achieving either or both of:

(c) environmental flows from the Snowy Scheme; and

(d) River Murray Increased Flows;

       (41) "Water Market" means, with respect to a Water Entitlement, the market from which the relevant Water Entitlement is drawn;

       (42) "Water Savings" means the volume of water saved through one or more projects that saves water:

(a) by reducing transmission losses, evaporation or system inefficiencies; or

(b) by achieving either or both of water management and environmental improvements,

(c) for diversions from the River Murray System and either or both of Murrumbidgee River System and the Goulburn River System for the purpose of achieving:

(d) environmental flows from the Snowy Scheme; and

(e) River Murray Increased Flows;

       (43) "Water Year" means the period of 12 Months commencing on 1 May in each year.

PART II — CALCULATING WATER VOLUMES

    3. The Snowy Scheme And The River Murray

       (1) In this Agreement, "Water Available to the Snowy‑Murray Development" means:

Water of the Upper Snowy River regulated by the Snowy Scheme

PLUS water of the Geehi River and Bogong Creek regulated by the Snowy Scheme

PLUS any Snowy Notional Spill from the Snowy‑Tumut Development to the Snowy‑Murray Development

PLUS the transfer from the Snowy‑Tumut Development to the Snowy‑Murray Development of the Snowy‑Tumut Development Annual Allocation

PLUS 4·5 GL per Water Year transferred from the Snowy‑Tumut Development to the Snowy‑Murray Development

PLUS half of the balance of the Mowamba Borrowing Account

MINUS Snowy Notional Spill from the Snowy‑Murray Development to the Snowy‑Tumut Development.

       (2) In this Agreement, "Net Snowy‑Murray Development Diversions to the River Murray" means the volume of water calculated as follows:

Water Available to the Snowy‑Murray Development released by the Snowy Scheme to the catchment of the River Murray upstream of Hume Dam

MINUS the water of the Tooma River regulated by the Snowy Scheme

MINUS the natural flows