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Regional Investment Corporation Bill 2017

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The Parliament of the

Commonwealth of Australia






Regional Investment Corporation Bill 2017



(1)     Clause 12, page 11 (after line 15), after subclause (3), insert:

          (3A)  In giving a direction under subsection (3), the responsible Ministers must exercise their powers consistently with the Water Act 2007 .

          (3B)  Before giving a direction under subsection (3) in relation to a water infrastructure project that is wholly or partly within the Murray-Darling Basin (as defined by the Water Act 2007 ), the responsible Ministers must seek the Murray-Darling Basin Authority’s advice as to whether in giving the direction, the Ministers would be exercising the Ministers’ powers consistently with the Basin Plan (as defined by the Water Act 2007 ).

[directions relating to water infrastructure projects]

(2)     Clause 12, page 11 (after line 18), after subclause (4), insert:

          (4A)  If:

                     (a)  the responsible Ministers give a direction under subsection (3) to the Corporation to enter into an agreement; and

                     (b)  the direction is one in relation to which the responsible Ministers received advice from the Murray-Darling Basin Authority under subsection (3B);


                     (c)  the Board must notify the responsible Ministers when the agreement has been entered into; and

                     (d)  the responsible Ministers must publish the advice on the internet within 30 business days of receiving the notice under paragraph (c).

[directions relating to water infrastructure projects]