Examples of Corporatisation Date in a sentence
Implementing the StrategyThe Commission must commence to implement the Strategy on the later of:(1) the beginning of the second complete Water Year occurring after the Corporatisation Date; and(2) the receipt by Hume Reservoir from the Snowy Scheme of River Murray Above Target Releases allocated to the River Murray Increased Flows.23.
Snowy Scheme Annual Water Operating Plan (1) The parties acknowledge that as a result of provisions in the Snowy Water Licence and a deed between the Commonwealth, New South Wales and Victoria as at the Corporatisation Date, the Licensee is bound to consult with others, including the Commission, while developing each Annual Water Operating Plan and any variation to each Plan.
That subclause provides that the Ministerial Corporation must, on the fifth anniversary of the Corporatisation Date, review the provisions of the Snowy Water Licence relating to “Snowy River Increased Flows”.
Part Four of this Submission clearly demonstrates that from the commencement of the Snowy Water Licence on 28 June 2002 (being the Corporatisation Date), Snowy Hydro has met all of the requirements imposed on it with regard to the initial releases of water to the Snowy River for environmental reasons.
While Snowy River Increased Flows were capable of being released from Jindabyne Dam on the third anniversary of the Corporatisation Date, it was not physically possible to recommence diversions from the Mowamba River to Jindabyne Dam at that time.
Snowy Hydro notes that many of the Relevant Provisions are of historical interest only in that they related only to the period of the first three years from the Corporatisation Date and therefore, as at the date of this review, have no continuing application.
The releases made from Mowamba Weir during the first three years after Corporatisation Date were “borrowed” from the Snowy Scheme’s Below Target Water and have to be repaid to the Snowy Scheme.
Accordingly, on the third anniversary of the Corporatisation Date, diversions were to recommence from Mowamba River to Lake Jindabyne (if diversions were not recommenced, Snowy Hydro would then be releasing Snowy River Increased Flows from both the Mowamba River and Jindabyne Dam – in contravention of the Snowy Water Licence).
There have been no spills from Jindabyne Dam during the period from the Corporatisation Date and therefore this clause has never been triggered.
COMMENCEMENT AND TERMINATION 2.1 Commencement DateThis Deed will take effect on and from the Corporatisation Date.