Canberra
14.1 Adjustment and forfeiture of groundwater allocation
Supporting information
The volume reported in the water accounting statements is 851 ML. The adjustment and forfeiture of groundwater allocation remaining corresponds to the volume of water allocation that cannot be carried over between water years
Due to limited data availability the volume of groundwater extraction under access licences and the carryover volume could not be quantified. Therefore, for the purposes of the National Water Account, the adjustment and forfeiture of groundwater allocation remaining was calculated as shown in the following table.
Prior to the 2012–13 year, groundwater liabilties were not recognised in the Canberra region because there were no licences issued; therefore the associated adjustment and forfeiture of allocation in the comparative year was 0 ML.
Account |
Volume (ML) |
851 |
|
– |
|
Adjustment on 30 June 2013 |
851 |