Document ID: chunk:federal_register_of_legislation:C2024C00557:schedule:1:p33
Version: federal_register_of_legislation:C2024C00557
Segment Type: schedule
Provision Reference: sch 1 (pt 33/154)
Character Range: 720955–723848

requirements for accounting for the assets, recording, reporting and audit as well as specific high level requirements in relation to construction, maintenance and operation of assets.
       (2) The asset agreement must include provisions about accounting for, reporting on and managing the RMO assets.
       (3) The asset agreement must not be inconsistent with any provision of this Agreement.
       (4) The asset agreement may be reviewed and amended by agreement between the parties.

    Note—The Authority may also enter an agreement or an understanding with a Contracting Government or Constructing Authority in relation to operating, maintaining and ensuring the required performance of an asset.

    56. Authorisation of Further Works or Measures
       (1) The Ministerial Council and, subject to sub‑clause (3), the Authority, may, to promote the equitable, efficient and sustainable use of the water and other natural resources of the Murray‑Darling Basin, authorise:
(a) the construction of any works in addition to works set out in Schedule A;
(b) the improvement of any works constructed under this Agreement;
(c) the replacement of any works constructed under this Agreement;
(d) work to remedy the extraordinary failure of part or all of any work constructed under this Agreement; and
(e) the implementation of any measures.
       (2) Unless the Ministerial Council decides that a work or measure is required to address an emergency, a work or measure is authorised by the Ministerial Council if it is authorised by a work plan that includes the work or measure.
       (3) The Authority may authorise the execution of any work or the implementation of any measure pursuant to this clause which is estimated to cost not more than $2,000,000 or such other amount determined by the Ministerial Council from time to time.
       (4) All provisions of this Agreement apply mutatis mutandis to any work or measure approved under this clause.
       (5) When any work or measure is authorised pursuant to this clause the Ministerial Council, the Authority or the work plan, as the case may be, must nominate which of the Contracting Governments shall be responsible for:
(a) the construction, operation and maintenance of such work; or
(b) the implementation of such measure,

   in whole or in part.
       (6) The Ministerial Council may:
(a) resolve to include any works or measures authorised pursuant to sub‑clause (1) in a Schedule to the Agreement; and
(b) approve any Schedule prepared or amended pursuant to paragraph (a).
       (7) When a Schedule is approved by the Ministerial Council under paragraph (6)(b) it:
(a) becomes part of the Agreement; and
(b) takes effect as provided for in sub‑clause 5(2).

    57. Ancillary, Preventative and Remedial Works
On the application of a Committee member and subject to the work plan, the Authority may meet, or contribute