Document ID: chunk:federal_register_of_legislation:C2024C00557:schedule:1:p66
Version: federal_register_of_legislation:C2024C00557
Segment Type: schedule
Provision Reference: sch 1 (pt 66/154)
Character Range: 806599–809563

or costs incurred by that Committee member, in the bona fide execution of the powers vested in the Committee by or under this Agreement.
PART XVII—TRANSITIONAL PROVISIONS
DIVISION 1—TRANSITION TO THIS AGREEMENT

    149. Definitions
In this Division:
"commencing day" means the day on which this Agreement comes into effect;
"current financial year" means the financial year during which this Agreement comes into effect;
"next financial year" means the financial year following the current financial year;

    150. Transitional provisions relating to coming into effect of this Agreement
       (1) Acts or things consistent with this Agreement done by or on behalf of a Contracting Government or the Authority, the Committee or the Commission in anticipation of this Agreement are deemed to have been done under and in accordance with its provisions.
       (2) Without limiting the generality of sub‑clause (2):
(a) any estimates for the current financial year sent by the Commission to the Contracting Governments before the commencing day are deemed to be estimates sent by the Authority in respect of that year;
(b) any moneys paid by a Contracting Government to the Commission before the commencing day are deemed to have been paid to the Authority under clause 75 for the current financial year;
(c) any moneys spent by the Commission before the commencing day in accordance with estimates referred to in paragraph (a) are deemed to have been spent pursuant to the Agreement for the current financial year;
(d) if the commencing day falls between 31 March and 30 June in any year, any estimates sent by the Commission to the Contracting Governments before that day for the next financial year are deemed to be estimates sent by the Authority for that next financial year.
       (3) Money of a kind referred to in clause 83 paid by a Contracting Government to the Commission in the current financial year is deemed to have been paid under that clause.
       (4) At the commencing day, the shares of the control of the transitional RMO assets will be retained by the Commonwealth, South Australia, New South Wales and Victoria, in the following shares:
               Commonwealth  20%
               South Australia  26.67%
               New South Wales  26.67%
               Victoria   26.67%
       (5) The shares referred to in sub‑clause (4) may be altered by the asset agreement.
DIVISION 2—AMENDMENTS MADE BY THE WATER AMENDMENT (MURRAY‑DARLING BASIN AGREEMENT) REGULATIONS 2017

    151. Definitions
In this Division:
"amending regulations" means the Water Amendment (Murray‑Darling Basin Agreement) Regulations 2017.
"transition period" means the period that:
(a) starts at the commencement of the amending regulations; and
(b) ends when the first work plan is approved by the Ministerial Council under clause 34A.

    152. Transitional provisions relating to amendments made by the Water Amendment (Murray‑Darling Basin Agreement) Regulations