2.10 The signing in 1992 of a new Murray-Darling Basin Agreement (second agreement) replaced the previous water agreement and replaced the River Murray Commission.  The Commonwealth, INSW, Victoria and sa ratified the Second Convention by law in 1993.  Queensland and ACT ratified the second agreement in 1996 and 1998 respectively . The second agreement also resulted in the creation of the Murray-Darling Ministerial Council, the Murray-Darling Basin Commission (Basin Commission) and the Community Advisory Committee.  The agreement, in force since 2003, provided a useful transboundary strategic engagement on water, which influenced the content and nature of subsequent water planning and management decisions for both countries. The MDBA was created as part of the Water Act of 2007 (Cth), instituted by the Howard government as part of the National Water Plan for Water Security.  The Water Act 2007 was a response to drought and the potential effects of climate change in Australia.  The Act was intended to fulfil Australia`s obligations under the Ramsar Convention on Wetlands.  The 2007 Act was extensively amended in 2008.  States recognize that nothing in the agreement should prejudice the role, functions and powers of the Border Rivers Commission. 2.16 Following the entry into force of the Water Act, the Commonwealth, NSW, Victoria, SA, Queensland and ACT entered into a Memorandum of Understanding on the basin at a COAG meeting in March 2008.  It was agreed to implement further cooperation agreements on water management in the watershed, based on Water Act agreements, particularly with respect to matters in which the Australian government does not have constitutional legislative authority.
 Less than a month later, Mike Taylor, then president of the MDBA, announced his decision to resign with effect from the end of January 2011. In announcing his resignation, he cited his concerns that the water law makes it difficult to offset the environmental and socio-economic impact of cuts in water supplies to save waterways in the watershed.   Taylor`s wish not to monitor a process that returned less than 3,000 GL to the basin was essential.  Premier Julia Gillard and Water Minister Tony Burke both dismissed Taylor`s fears about the threat of the water law and the Authority`s objectives.   The 2003 Paroo River Agreement between New South Wales and Queensland was concluded following a joint recognition of the importance of water resources in the Paroo River System to preserve the uniqueness of the Paroo Basin. . . .