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Carryover Explained | 1 Waterfind Australia CARRYOVER EXPLAINED
Carryover Explained | 1Waterfind Australia
CARRYOVER EXPLAINED
Carryover Explained | 1Waterfind Australia
NSW Murrumbidgee General Security Carry OverTemporary water can be carried over from one season to the next on Murrumbidgee General Security entitlement:• Up to 30% of the entitlement can be used to carryover temporary water• No water authority fees associated
RISK OF LOSING THIS WATER• The maximum volume of temporary water that can be “carried over” and “allocated” to this
entitlement is 100%.• Temporary water that is “carried over” and “allocated” to this entitlement that exceeds 100% will
be “lost” and will not be made available to the entitlement holder
MURRUMBIDGEE GS CARRYOVER SCENARIOS
0
600
0
100
50
50%Allocation
LOSTCARRYOVER
30%180ML
% of entitlem
entM
urru
mbi
dgee
GS |
ML
300
70%Allocation
100%Allocation
30%Carryover
30%Carryover
780 130
1. 50% allocation
No lost water
2. 70% allocation
No lost water
3. 100% allocation
30% (180ML) lost.
EXAMPLES
1. Total allocations for the water season is 50% + 30% of the entitlement is used to carryover = 80% Therefore no water is lost
2. Total allocations for the water season is 70% + 30% of the entitlement is used to carryover = 100% Therefore no water is lost
3. Total allocations for the water season is 100% + 30% of the entitlement is used to carryover = 130% Therefore 30% of entitlement is lost and will not be made available
Carryover Explained | 2Waterfind Australia
NSW Murray General Security Carry OverTemporary water can be carried over from one season to the next on NSW Murray General Security entitlement:• Up to 50% of the entitlement can be used to carry over temporary water• No water authority fees associated
RISK OF LOSING THIS WATER• The total maximum volume of temporary water that can be “carried over” and “allocated” to this
entitlement is 110%.• Temporary water that is “carried over” and “allocated” to this entitlement that exceeds the 110%
total will be “lost to spill” and will not be made available to the entitlement holder.
NSW MURRAY GS CARRYOVER SCENARIOS
0
600
0
100
50
50%Allocation
LOSTCARRYOVER40% | 240ML
% of entitlem
entN
SW
Mur
ray
GS |
ML
300
70%Allocation
100%Allocation
50%Carryover
40%Carryover
LOSTCARRYOVER10% | 60ML
10%GUARANTEED
10%GUARANTEED
MAX A
LLO
CAT
ION
+ C
ARRYO
VER
MAX A
LLO
CAT
ION
+ C
ARRYO
VER
50%
CARRYO
VER
50%
CARRYO
VER
150900
NOTE: this means that 10% of NSW Murray General Security entitlement can be used to carry over no risk of spill.
1. 50% Allocation
No water lost
2. 70% Allocation.
10% (60ML) lost.
3. 100% Allocation.
40% (180ML) lost.
LOST EXAMPLES
1. Total allocations for the water season is 50% + 50% of the entitlement is used to carry over = 100% Therefore no water is lost
2. Total allocations for the water season is 70% + 50% of the entitlement is used to carryover = 120% Therefore 10% of the value of entitlement is lost
3. Total allocations for the water season is 100% + 50% of the entitlement is used to carryover = 150% Therefore 40% of the value of entitlement is lost
Carryover Explained | 3Waterfind Australia
Victorian Low Reliability EntitlementTemporary water can be carried over on Victorian Murray Low Reliability entitlement.• Up to 100% of the entitlement can be used to carryover temporary water• 5% of this temporary water will be lost to evaporation• Water Authority fees associated with carryover are approximately $5 per ML
0
600
0
100
50
2015/16
2015/16Carryover
5% EVAPORATIONLOSS
% of entitlem
entM
urru
mbi
dgee
GS |
ML
300
2016/17
RISK OF SPILLING THIS WATERThe total maximum volume of temporary water that can be “carried over” and “allocated” to this entitlement is 100%.
Temporary water that is “carried over” and “allocated” to this entitlement that exceeds this 100% total is not “lost to spill” immediately, but goes into a “spillable” account which may be usable during the year (subject to low risk of spill declaration being made).
Notes• Victorian Murray and Goulburn Low Reliability entitlement has not historically received an
allocation since its creation in 2007, until this season.• There has never been a “lost to spill / spillable” incident.• The holders of this entitlement view its value as a carryover instrument only.
