18HManaging water access rights etc. for the Living Murray Initiative

18H  Managing water access rights etc. for the Living Murray Initiative  (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. Part 2—Management of Basin water resources Division 1—Basin Plan 19  Simplified outline  (1) This section sets out a simplified outline of this Part.  (2) There is to be a Basin Plan for the management of the Basin water resources. The Basin Plan will provide for limits on the quantity of water that may be taken from the Basin water resources as a whole and from the water resources of each water resource plan area. It will also provide for the requirements to be met by the water resource plans for particular water resource plan areas (these water resource plans are dealt with in Division 2).  (3) The Authority must prepare a Basin Plan and give it to the Minister for adoption. The Minister may adopt the Basin Plan without modification or direct the Authority to modify the Plan.  (4) The Authority may prepare amendments of the Basin Plan and give them to the Minister for adoption. The Minister may adopt the amendments of the Basin Plan without modifications or direct the Authority to modify the amendments.  (5) The Authority must review the Basin Plan at least every 10 years (or sooner if the Minister or all the Basin States request). Subdivision B—Basin Plan, its purpose and contents