Canberra
5.1 Surface water allocation remaining

The volume reported in the water accounting statements for the surface water allocation remaining is zero.

The surface water allocation remaining corresponds to the volume of water allocation that can be carried over between water years. The Water Sharing Plan for the Murrumbidgee Unregulated and Alluvial Water Sources 2012 commenced on 4 October 2012. The water sharing plan details the rules for access licences with share components. According to these rules, carry-over of unused allocation is allowed. As a result,a water liability is recognised in the National Water Account. Prior to the 2012–13 year, no such water liabilities were recognised in the Canberra region. Therefore, the opening balance reported is zero.

While carry-over of unused surface water allocation is allowed for access licence holders, due to limited data availability the carry-over volume could not be quantified. Therefore, for the purposes of the National Water Account, the closing balance for the surface water allocation remaining was calculated as shown in the following table and is zero.