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COMMONWEALTHAct
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s 2

Objectives and principles

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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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