Carryover
Carryover allows you to carryover your allocations and
water purchases from one season for use in the next season. It allows you
to manage risks for your business and plan with certainty - you know you will
have water for use* or trade at the start of the next season
Improvement to 2010/11 carryover for the Goulburn,
Campaspe and Murray systems
1.
All water in your Allocation Bank Account (ABA) linked to
water shares on 30 June will automatically carryover
2.
You can chose to start the season with the equivalent of a
100% allocation on your high and low reliability water shares - to trade or
use*.
3.
There are some new concepts
o
Spillable Water Account (SWA)- If you carryover
allocation equivalent to more than 100% of your high and low reliability water
shares, the extra water is quarantined in a SWA until the declaration is made
or the storage spills. If the storages fill completely, water in SWAs will be
the first water to spill - this protects the existing entitlements
o Declaration - A declaration is made by the Water
Resource Manager when there is a low risk of this spill happening.
4. If your ABA
is linked to low and high reliability water shares, your carryover is recorded
against your low then high reliability shares. > More Information
* trading rules and/or system
operations permitting
Ovens, King, Broken, Bullarook and Loddon systems carryover rules are the
same for the 2010/11 season. >More Information
Groundwater Carryover: Carryover
rules are being established for a small number of groundwater management Areas.
The rules will be communicated to these customers before the end of the season.
|