Water Management Act 2000

If estimates prepared by the Corporation before the commencement of a financial year disclose the possibility of a deficit for that year in the Water Fund of the Corporation—

the Corporation is to provide the Treasurer and each mining company with particulars of the estimates and the possible deficit, and

the Treasurer and each mining company must, in that year, make payments to the Corporation as required by subclause (2).

Towards discharging the respective liabilities of the Treasurer and each mining company for a financial year—

the Treasurer must pay to the Corporation out of money to be provided by Parliament the amount estimated by the Treasurer to be sufficient to discharge the liability of the Treasurer, and

each mining company must pay to the Corporation the amount estimated by the Corporation to be sufficient to discharge the liability of the mining company,

On the auditing of the Corporation’s accounts for a financial year, the Corporation must pay to, or receive from, the Treasurer and each mining company an amount in adjustment of any difference between the estimated and actual liabilities under clause 18 for that financial year.