sch.9-sec.25Bulk capacity shares for Fred Haigh Dam

sch.9-sec.25 Bulk capacity shares for Fred Haigh Dam

The ROL holder must establish 2 bulk capacity shares for Fred Haigh Dam as follows— the Burnett bulk capacity share with a total volume of 15% of the full supply volume of Fred Haigh Dam; the Kolan bulk capacity share with a total volume of 85% of the full supply volume of Fred Haigh Dam. The volume of water stored for a bulk capacity share— must be worked out under this section and recorded daily by the ROL holder; and must not be less than zero. The volume of water stored for the bulk capacity shares must total the current storage volume for Fred Haigh Dam. In working out the volume of water stored for each bulk capacity share, the ROL holder must adjust the recorded volume for the bulk capacity share by— crediting the inflows to Fred Haigh Dam in proportion to the bulk capacity share’s percentage of the full supply volume of Fred Haigh Dam; and debiting the volume of water released from Fred Haigh Dam for supplying water allocations— if the location from which water may be taken under the water allocations is in the Kolan River subscheme—from the Kolan bulk capacity share; or if the location from which water may be taken under the water allocations is in the Burnett River subscheme—from the Burnett bulk capacity share; and accounting for other changes in the current storage volume for Fred Haigh Dam in proportion to the recorded volume for the bulk capacity share. However, if the adjustments made under subsection (4) would result in the volume of water stored for a bulk capacity share (the relevant bulk capacity share ) being greater than the relevant bulk capacity share’s total volume— the recorded volume for the relevant bulk capacity share is equal to the relevant bulk capacity share’s total volume; and the difference between the following volumes must be credited to the other bulk capacity share— the recorded volume for the relevant bulk capacity share as calculated under paragraph (a) ; what would, apart from paragraph (a) , have been the recorded volume for the relevant bulk capacity share. Also, if Fred Haigh Dam is at or above its full supply volume, the recorded volume stored for each bulk capacity share is equal to the bulk capacity share’s total volume. In this section— recorded volume , for a bulk capacity share, means— if the ROL holder is working out the volume of water stored for the bulk capacity share on the commencement— for the Burnett bulk capacity share—15% of the current storage volume for Fred Haigh Dam; or for the Kolan bulk capacity share—85% of the current storage volume for Fred Haigh Dam; or otherwise—the volume recorded for the bulk capacity share under subsection (2) on the day immediately before the day the ROL holder is working out the volume of water stored for the bulk capacity share. (sch.9-sec.25-ssec.1) The ROL holder must establish 2 bulk capacity shares for Fred Haigh Dam as follows— the Burnett bulk capacity share with a total volume of 15% of the full supply volume of Fred Haigh Dam; the Kolan bulk capacity share with a total volume of 85% of the full supply volume of Fred Haigh Dam. (sch.9-sec.25-ssec.2) The volume of water stored for a bulk capacity share— must be worked out under this section and recorded daily by the ROL holder; and must not be less than zero. (sch.9-sec.25-ssec.3) The volume of water stored for the bulk capacity shares must total the current storage volume for Fred Haigh Dam. (sch.9-sec.25-ssec.4) In working out the volume of water stored for each bulk capacity share, the ROL holder must adjust the recorded volume for the bulk capacity share by— crediting the inflows to Fred Haigh Dam in proportion to the bulk capacity share’s percentage of the full supply volume of Fred Haigh Dam; and debiting the volume of water released from Fred Haigh Dam for supplying water allocations— if the location from which water may be taken under the water allocations is in the Kolan River subscheme—from the Kolan bulk capacity share; or if the location from which water may be taken under the water allocations is in the Burnett River subscheme—from the Burnett bulk capacity share; and accounting for other changes in the current storage volume for Fred Haigh Dam in proportion to the recorded volume for the bulk capacity share. (sch.9-sec.25-ssec.5) However, if the adjustments made under subsection (4) would result in the volume of water stored for a bulk capacity share (the relevant bulk capacity share ) being greater than the relevant bulk capacity share’s total volume— the recorded volume for the relevant bulk capacity share is equal to the relevant bulk capacity share’s total volume; and the difference between the following volumes must be credited to the other bulk capacity share— the recorded volume for the relevant bulk capacity share as calculated under paragraph (a) ; what would, apart from paragraph (a) , have been the recorded volume for the relevant bulk capacity share. (sch.9-sec.25-ssec.6) Also, if Fred Haigh Dam is at or above its full supply volume, the recorded volume stored for each bulk capacity share is equal to the bulk capacity share’s total volume. (sch.9-sec.25-ssec.7) In this section— recorded volume , for a bulk capacity share, means— if the ROL holder is working out the volume of water stored for the bulk capacity share on the commencement— for the Burnett bulk capacity share—15% of the current storage volume for Fred Haigh Dam; or for the Kolan bulk capacity share—85% of the current storage volume for Fred Haigh Dam; or otherwise—the volume recorded for the bulk capacity share under subsection (2) on the day immediately before the day the ROL holder is working out the volume of water stored for the bulk capacity share.