Document ID: chunk:federal_register_of_legislation:C2004A01133:schedule:2:p14
Version: federal_register_of_legislation:C2004A01133
Segment Type: schedule
Provision Reference: sch 2 (pt 14/15)
Character Range: 43346–46874

by resolution declares otherwise.

          (4)                As soon as practicable after the completion of each audit, the Commission must send a copy of the audited River Murray Increased Flows Accounts to the Contracting Governments.

       22.                Implementing the Strategy

The Commission must commence to implement the Strategy on the later of:

             (1)                the beginning of the second complete Water Year occurring after the Corporatisation Date; and

             (2)                the receipt by Hume Reservoir from the Snowy Scheme of River Murray Above Target Releases allocated to the River Murray Increased Flows.

       23.                Binding Effect of Strategy

                Despite any other provision in this Agreement, the Commission must:

             (1)                allocate River Murray Above Target Releases to the River Murray Increased Flows Accounts; and

             (2)                manage the water in and releases of water from the River Murray Increased Flows in Commission Storages Account,

in accordance with the Strategy.

    PART VI:  NOTIFICATION AND CONSULTATION PROVISIONS

       24.                Commission To Be Informed Of New Proposals

A Contracting Government must inform the Commission of any proposal:

             (1)                to achieve Water Savings or to purchase Water Entitlements for the purpose of transferring those Water Savings or Water Entitlements to the Environmental Entitlements; or

             (2)                to modify the reliability of a supply of water pursuant to an Environmental Entitlement,

in accordance with sub‑clause 46(4) of the Agreement.

       25.                Snowy Scheme Annual Water Operating Plan

          (1)                The parties acknowledge that as a result of provisions in the Snowy Water Licence and a deed between the Commonwealth, New South Wales and Victoria as at the Corporatisation Date, the Licensee is bound to consult with others, including the Commission, while developing each Annual Water Operating Plan and any variation to each Plan.

          (2)                The Commonwealth, New South Wales and Victoria must:

             (a)                ensure the direct participation by the Commission in each consultation referred to in sub‑clause 25(1) or held under any varied consultation arrangements; and

             (b)                consult with the Commission before varying existing consultation arrangements.

       26.                Notifications Required

          (1)                Each Contracting Government must, at the time specified by the Commission, notify the Commission of such water volumes and estimates as are reasonably requested by the Commission to enable it to make calculations referred to in this Schedule.

          (2)                The Commission must, at any time specified by New South Wales, notify New South Wales of such water volumes and estimates calculated by the Commission by reference to the Baseline Conditions as are reasonably requested by New South Wales, to enable New South Wales to calculate the Required Annual Release.

    PART VII: ANALYTICAL MODELS

       27.                Developing Analytical Models

          (1)                The Commission must develop an analytical model for determining, in the case of the River Murray System:

             (a)                storage volumes; and

             (b)                total diversions,

that would have occurred under