Water Agreement Updated

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.

Water Agreement (16 Sept 2014)