Document ID: chunk:federal_register_of_legislation:C2024C00557:schedule:1:p81
Version: federal_register_of_legislation:C2024C00557
Segment Type: schedule
Provision Reference: sch 1 (pt 81/154)
Character Range: 851339–854288

as in force on and after the commencement of the Water Amendment (Murray‑Darling Basin Agreement—Basin Salinity Management) Regulations 2018.

    22. When Salinity Credits and Salinity Debits must be entered on a Register
       (1) Subject to sub‑clause 16(3), when the Authority has estimated that a salinity credit will arise from an Accountable Action and either:
(a) the Authority declares that Accountable Action to be effective under clause 64 of the Agreement; or
(b) if the Accountable Action is to be undertaken in stages, the Authority declares a stage to be effective under clause 64 of the Agreement,
        the Authority must:
(c) attribute salinity credits arising from the Accountable Action in accordance with clause 21 or 21A; and
(d) enter the salinity credits on the relevant Register,
        in accordance with any relevant BSM procedures.
       (2) Subject to sub‑clause 16(3), when the Authority has estimated that salinity debits will arise from an Accountable Action, before any Contracting Government:
(a) commences to undertake the Accountable Action; or
(b) if the Accountable Action is to be undertaken in stages, commences to undertake any stage,
        the Authority must:
(c) attribute the prospective salinity debits arising from the Accountable Action or stage in accordance with clause 21 or 21A; and
(d) enter the salinity debits on the relevant Register,
        in accordance with any relevant BSM procedures.
       (3) Despite sub‑clauses 22(1) and 22(2), if an Accountable Action is a State Action that is not required to be declared effective under clause 64 of the Agreement, the Authority must, in accordance with any BSM procedures:
(a) attribute any salinity credits arising from that State Action at the time when the Authority considers that the Accountable Action is substantially complete; and
(b) enter the salinity credits on the relevant Register.

    23. Trading and transfers of salinity credits and salinity debits
       (1) A Contracting Government may agree to assign any or all of the salinity credits or salinity debits attributed to that Government in Register A, to one or more of the other Contracting Governments.
       (2) When the parties to an agreement referred to in sub‑clause 23(1) inform the Authority in writing of that agreement and its effect, the Authority must:
(a) attribute salinity credits or salinity debits in accordance with the agreement; and
(b) amend Register A accordingly.
       (2A) Unless the Committee directs otherwise, a Contracting Government may, if any BSM procedures permit and in accordance with any such procedures, assign to the Collective Account any or all of the salinity credits or salinity debits attributed to that Government on Register A. If a Contracting Government does so, the Authority must amend Register A accordingly.
       (2B) The Authority must, if required by any BSM procedures, transfer any salinity credits attributed