Page 11 Project AGreement FOR the Great artesian basin sustainability INITIATIVE (Phase four) Council of Australian Governments An agreement between: the Commonwealth of Australia; and the States and Territories of New South Wales, Queensland, South...Project Agreement • May 5th, 2020
Contract Type FiledMay 5th, 2020This Project Agreement (the Agreement) is created subject to the provisions of the Intergovernmental Agreement on Federal Financial Relations (IGA FFR) and should be read in conjunction with that Agreement and its Schedules, which provide information in relation to performance reporting and payment arrangements under the IGA FFR. This Agreement, through strategic investments in groundwater infrastructure renewal and related activities, will support the sustainable management of Great Artesian Basin (Basin) groundwater resources. The Great Artesian Basin Sustainability Initiative (GABSI), which commenced in 1999, aims to conserve and manage a large volume of Australian water resources on a sustainable basis. The overarching policy objectives of the GABSI are to: achieve a sustainable and on-going groundwater management system for the Basin; explore, over the next three years, new Basin wide governance arrangements for the Basin; work towards state Basin water management frameworks which