Document ID: chunk:federal_register_of_legislation:F2010L02474:body:0:p5
Version: federal_register_of_legislation:F2010L02474
Segment Type: other
Provision Reference: 
Character Range: 10591–13310

(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 notice from the transferor's authority that the transfer is complete, the transferee's authority must:
 (a) calculate the volume of the entitlement to be received by the transferee, by applying any relevant exchange rate notified by the Authority under step 3; and
 (b) grant a new entitlement to the transferee or amend the transferee's existing entitlement, as the case requires, to reflect the effect of the transfer; and
 (c) notify:
 (i) the transferor's authority (to enable it to notify the transferor); and
 (ii) the Authority; and
 (iii) the transferee
 that the transfer is complete.

Step 7 Adjustment of records by Authority

  When the Authority receives a notice from the transferee's authority that a transfer is complete, the Authority must:
 (a) complete or revise any entry in the Transfer Register relating to the transfer; and
 (b) make any adjustment to the cap required as a result of the transfer, in accordance with clause 8 of Schedule D to the Agreement; and
 (c) make any adjustments to valley accounts required as a result of the transfer, in accordance with clause 11 of Schedule D to the Agreement; and
 (d) make any adjustment to the Registers maintained under Part 5 of Schedule B to the Agreement that is required as a result of the transfer.

Step 8 Reconciling records

 (1) Within 7 days after the end of each month, each licensing authority within a State must send to the Authority a copy of its records relating to interstate transfers under this protocol.

 (2) The Authority must examine whether there are any discrepancies between information in the records of a licensing authority provided with respect to each month and:
 (a) similar records provided by that licensing authority in any preceding month of that year; and
 (b) information recorded in the Transfer Register.

 (3) The Authority must:
 (a) record any discrepancy other than an allowable discrepancy; and
 (b) provide the relevant licensing authority with a report on every discrepancy required to be recorded by paragraph (a) within 14 days after the end of the month referred to in clause (2) of this step.

 (4) In paragraph (3) (a) of this step, allowable discrepancy means:
 (a) a discrepancy of no more than 1 ML in relation to the volume of any transfer; or
 (b) a spelling error in a record; or
 (c) an abbreviation of the first names of a transferor or transferee.

 (5) A licensing authority that receives a report mentioned in paragraph (3) (b) of