Murray-Darling Basin Agreement (Schedule D - Adjusting Valley Accounts and State Transfer Accounts) Protocol 2010 (Cth)

Murray-Darling Basin Agreement (Schedule D — Adjusting Valley Accounts and State Transfer Accounts) Protocol 20101

The MURRAY-DARLING BASIN AUTHORITY, in consultation with the Basin Officials Committee and having considered the advice, if any, given by each person nominated by a Contracting Government under subclause 6 (3) of Schedule D to the Murray-Darling Basin Agreement, makes the following Protocol under clause 6 of Schedule D to that Agreement and section 18E of the Water Act 2007.

I, ROB FREEMAN, Chief Executive of the MURRAY-DARLING BASIN AUTHORITY, authenticate that the Authority validly made the following Protocol on 30 August 2010.

ROB FREEMAN

Chief Executive

7 September 2010

Contents

Part 1 Preliminary

1 Name of Protocol 2 Commencement 3 Application 4 Revocation 5 Definitions

Part 2 Rules for adjusting valley accounts

6 Transfers of allocation

Table 1 – Valley accounts and state transfer accounts

7 Transfers of entitlement 8 Operating rules

Table 2 – Valley accounts

Part 3 Rules for adjusting state transfer accounts

9 Determining the volume of water used by a tagged trade 10 Altering deliveries of water

Part 1 Preliminary

1 Name of Protocol

This Protocol is the Murray-Darling Basin Agreement (Schedule D — Adjusting Valley Accounts and State Transfer Accounts) Protocol 2010.

Note This Protocol deals with matters referred to in paragraphs 6 (1) (c) and (f) of Schedule D to the Agreement.

2 Commencement

This Protocol commences on the day after it is registered.

3 Application

This Protocol applies to: (a) transfers of allocations and entitlements between valleys and States in the southern connected Murray-Darling Basin; and (b) in the case of entitlements – to both exchange rate trade and tagged trade.

4 Revocation

The Murray-Darling Basin Agreement (Adjusting Valley Accounts and State Transfer Accounts) Protocol 2010 is revoked.