A new version of the BCI water agreement has been published today. The changes to the agreement are set out below;
- Modified clause 2.1 and removed 2.2 to reflect that the scheme is operating and no longer requires preconditions around meeting minimum uptake and forming a joint venture.
- Added clause 3.5 to provide that the BCI Board may surrender surplus shares from transacting members. Designed to ensure Ordinary shares are available for further scheme expansion.
- Added clause 8.3 to reinforce requirement for irrigators to provide Overseer simulations for monitoring nutrient loss from their properties.
- Added new distribution lines to schedule one.
- New version below.