Commonwealth Consolidated Regulations Commonwealth Consolidated Regulations(1) This regulation is made under subsection 239W(1) of the Act.
Annual report and audited financial statements for 2007-2008
(2) If, before the commencement of Part 10A of the Act, the Murray-Darling Basin Commission had not sent to the former Murray-Darling Basin Ministerial Council:
(a) a report under paragraph 84(1)(a) of the former MDB Agreement for the 2007-2008 financial year; and
(b) audited financial statements under paragraph 84(1)(b) of the former MDB Agreement for the 2007-2008 financial year;
the Authority must as soon as practicable:
(c) complete the report and audited financial statements; and
(d) send them to the Murray-Darling Basin Ministerial Council.
Annual report and audited financial statements for 2008-2009--relating to Commission
(3) Separate to the Authority's first report under clause 85 of the Agreement, after the commencement of Part 10A of the Act, the Authority must prepare a report and audited financial statements for so much of the 2008-2009 financial year that occurs before the commencement of Part 10A of the Act.
(4) The report and audited financial statements referred to in subregulation (3) must be prepared:
(a) in accordance with subclause 84(1) of the former MDB Agreement; and
(b) at the same time as the Authority's first report under clause 85 of the Agreement is prepared.
(5) For paragraph (4)(a), clause 84 of the former MDB Agreement continues in effect as if a reference to the former Murray-Darling Basin Ministerial Council were a reference to the Murray-Darling Basin Ministerial Council.
Signatures by Contracting Government representatives
(6) The reports and audited financial statements referred to in subregulations (2) and (3) must be approved and signed by a representative of each of the Contracting Governments to the former MDB Agreement.