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Water Amendment (Water for the Environment Special Account) Bill 2012

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2010-2011-2012

 

The Parliament of the

Commonwealth of Australia

 

HOUSE OF REPRESENTATIVES

 

 

 

Water Amendment (Water for the Environment Special Account ) Bill 2012

 

 

(1)     Schedule  1 , item  2 , page 3 (line 22) , at the end of subsection 86AA ( 1 ), add “ while achieving neutral or beneficial socio-economic outcomes ”.

[object]

(2)     Schedule  1 , item  2 , page 4 (line 7) , at the end of subsection 86AA ( 2 ), add:

                   ; (h)  investing in water efficient infrastructure and other on-farm works.

[how objects achieved]

(3)     Schedule  1 , item  2 , page 6 (line 2) , at the end of paragraph 86AD ( 2 )( b ), add “ , but only if such purchases achieve neutral or beneficial socio-economic outcomes ”.

[water access rights]

(4)     Schedule  1 , item  2 , page 7 (after line 6) , after section  86AE , insert:

86AEA  Limit on purchase of water access rights

                   The total amount of water access rights purchased by, or on behalf of, the Commonwealth since 2009, whether with amounts debited from the Water for the Environment Special Account or otherwise for the purposes of the Basin Plan, must not exceed 1500 gigalitres.

[cap on purchase of water access rights]

(5)     Schedule  1 , item  2 , page 9 (after line 11) , after paragraph 86AI ( 2 )( c ), insert:

                    (ca)  for all water recovery for which an amount was debited from the Water for the Environment Special Account during the report year for the purposes of paragraph 86AD(2)(b)—how that recovery achieved a neutral or beneficial socio-economic outcome ;

[annual report]