s 2
In forceObjectives and principles
Volume 2Parts 11 to 12 (sections 241 to 256), Schedules, Endnotes
Schedule 3Basin water market and trading objectives and principles
2 Objectives and principles
This Schedule sets out:
(a)
the Basin water market and trading objectives; and
(b)
the Basin water market and trading principles.
Note 1:
These objectives and principles are relevant to the formulation of:
(a)
the provisions of the Basin Plan (see item 12 of the table in subsection 22(1)); and
(b)
the provisions of water management plans for particular water resource plan areas (see subsection 22(3)); and
(c)
the provisions of the water market rules (see paragraph 97(1)(b)).
Note 2:
These objectives and principles are based on those set out in clauses 58 to 63 and Schedule G of the National Water Initiative when Part 2 of this Act commences.
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