This Schedule will support the Commonwealth and States to implement the package of supply and constraints measures to give effect to an amendment to the Murray-Darling Basin Plan (Basin Plan) which commenced in law on 13 January 2018 and enabled the Basin Plan's Sustainable Diversion Limits to be increased by 605 gigalitres (GL).
The Schedule complements the existing agreement set out in the Project Agreement (Project Agreement for Stage 1 Funding for Sustainable Diversion Limits Adjustment Supply and Constraints Measures in the Murray-Darling Basin) and the deliverables set out in its related Schedule A (Stage 1. Funding for New South Wales Supply and Constraints Measures).
The Schedule accelerates the delivery of five specific measures originally anticipated to be delivered under a new funding agreement for Stage 2 activities. These activities will be accelerated ahead of the completion of Stage 1 (Schedule A to the Project Agreement), and/or prior to the approval for progress with the comprehensive project works package for any remaining Sustainable Diversion Limit Adjust Mechanism (SDLAM) projects. This will allow streamlined assessment and delivery of the five measures by 30 June 2024.
