Document ID: chunk:federal_register_of_legislation:C2008A00139:schedule:1:p98
Version: federal_register_of_legislation:C2008A00139
Segment Type: schedule
Provision Reference: sch 1 (pt 98/128)
Character Range: 342700–345660

Authority promptly receives all such information relating to transfers within, to or from the territory of that State, as may be necessary to keep the Transfer Register up‑to‑date.

       (5) The Authority must, after the end of each year, arrange for an independent auditor:

(a) to examine whether there is any discrepancy between information provided by each State Contracting Government under sub‑clause 16(4), information provided under clause 8 of Appendix 3 to this Schedule and information set out in the Transfer Register; and

(b) to make recommendations to the Ministerial Council, on or before September 30 in the following year, about any amendment to the Transfer Register as the auditor thinks desirable, in view of any such discrepancy.

       (6) After considering any recommendation made by an independent auditor under paragraph 16(5)(b), the Ministerial Council may require the Authority to make any alteration to the Transfer Register, which the Ministerial Council considers appropriate.

       (7) The Authority must recalculate:

(a) any adjustment to the cap on diversions or any annual diversion target, pursuant to clause 8; or

(b) any calculation pursuant to clause 9,

        in respect of which relevant alteration has been made to the Transfer Register under sub‑clause 16(6).

    17. Monitoring and reporting

       (1) Unless the Authority determines otherwise, by 30 June in every year, commencing in 2007, each State Contracting Government must, in accordance with any protocol made under paragraph 6(1)(g), prepare and give to the Authority a report on measures taken in that State in the preceding year:

(a) to manage any adverse environmental effects attributable to interstate transfers of entitlement or allocations into and out of that State; and

(b) to implement and monitor environmental assessment criteria and procedures for the use of water transferred into the State on land at its destination.

       (2) By 31 December in every year, the Authority must, in accordance with any protocol made under paragraph 6(1)(g), prepare and give to each State Contracting Government a report setting out the following information for the preceding year:

(a) the total volume of transfers of entitlements and allocations into and out of each State; and

(b) the exchange rates applied to interstate transfers referred to in paragraph 17(2)(a); and

(c) any adjustment to the delivery of a State's entitlement made under clause 7; and

(d) any adjustment to the contribution of a State Contracting Government approved by the Ministerial Council under sub‑clause 9(2); and

(e) any adjustment to the cap on diversions for a designated river valley made under clause 8.

    18. Review of interstate transfers

       (1) The Authority must prepare and give to the Ministerial Council and the Basin Community Committee a report on:

(a) the operation of this Schedule; and

(b) the markets for