Commonwealth Consolidated Acts

WATER ACT 2007 - SECT 18H

             (1)  The Authority must, if the Living Murray Initiative so provides, manage the rights and interests that:

                     (a)  are:

                              (i)  water access rights, water delivery rights, irrigation rights or other similar rights relating to water; or

                             (ii)  interests in, or in relation to, such rights; and

                     (b)  are held for the purposes of the Living Murray Initiative;

in accordance with and in a way that gives effect to the Living Murray Initiative.

             (2)  The Living Murray Initiative is the Intergovernmental Agreement on Addressing Water Overallocation and Achieving Environmental Objectives in the Murray-Darling Basin of 25 June 2004 read together with:

                     (a)  the Supplementary Intergovernmental Agreement on Addressing Water Overallocation and Achieving Environmental Objectives in the Murray-Darling Basin of 14 July 2006; and

                     (b)  arrangements referred to in clause 3.9.2 of the Agreement on Murray-Darling Basin Reform-Referral.