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

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7336

 

2010-2011-2012-2013

 

The Parliament of the

Commonwealth of Australia

 

THE SENATE

 

 

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

 

[Amendment (3) on this sheet will only be moved if amendment (1) on sheet 7335 is not agreed to.]

(1)     Schedule  1 , item  2 , page 4 (line 12) , at the end of subsection 86AA ( 1 ), add “ while achieving neutral or beneficial socio-economic outcomes ”.

[object]

(2)     Schedule  1 , item  2 , page 5 (line 31) , at the end of subsection 86AA ( 2 ), add:

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

[how objects achieved]

(3)     Schedule  1 , item  2 , page 7 (line 26) , 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 8 (after line 36) , 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 10 (after line 35) , 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]