Document ID: chunk:federal_register_of_legislation:F2010L02470:body:0:p5
Version: federal_register_of_legislation:F2010L02470
Segment Type: other
Provision Reference: 
Character Range: 11876–13704

(Step 12) by the surplus ratio (Step 15); and
                (c) subtracting the product of paragraph (b) from the product of paragraph (a).
Implementation of Stage 3

 (3) For subclause 9 (2) of Appendix 3 to Schedule D to the Agreement, Stage 3 is to be implemented in accordance with the following method statement.

      Method statement
           Step 18. The Authority must calculate the Stage 2 cap surplus for each designated river valley, as the greater of:

                (a) zero; and
                (b) the result of subtracting the total cap shortfall (Step 10) from the aggregate of the total cap surplus (Step 12) and the Stage 2 cap adjustment (Step 17) for the valley.

           Step 19. The Authority must calculate the total Stage 3 cap adjustment for each designated river valley, by multiplying the lesser of:

                (a) the Stage 2 cap surplus (Step 18) for that valley; and
                (b) the interstate cap surplus (Step 8) for that valley;

            by –1 (minus one).

Implementation of Stage 4

 (4) For subclause 9 (2) of Appendix 3 to Schedule D to the Agreement, Stage 4 is to be implemented in accordance with the following method statement.

      Method statement
           Step 20. The Authority must calculate the adjustment to each annual diversion target for each designated river valley by determining the sum of:

                (a) the total Stage 1 cap adjustment (Step 3); and
                (b) the total Stage 2 cap adjustment (Step 17); and
                (c) the total Stage 3 cap adjustment (Step 19);

            for the designated river valley.

Notes

1. All legislative instruments and compilations are registered on the Federal Register of Legislative Instruments kept under the Legislative Instruments Act 2003. See www.frli.gov.au.