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Dominant hydrological processes of a catchment could shift due to a changing climate. This climate-induced hydrological nonstationarity could affect the reliability of future runoff projection developed using a hydrological model calibrated for the historical period as the model or parameters may no longer be suitable under a different future hydroclimate. This paper explores whether competing parameterization approaches proposed to account for hydrological nonstationarity could improve the robustness of future runoff projection compared to the traditional approach where the model is calibrated targeting overall model performance over the entire historical period. The modeling experiments are carried out using climate and streamflow datasets from southeastern Australia, which has experienced a long drought and exhibited noticeable hydrological nonstationarity. The results show that robust multicriteria calibration based on the Pareto front can provide a more consistent model performance over contrasting hydroclimate conditions, but at a slight expense of increased bias over the entire historical period compared to the traditional approach. However, the robust calibration does not necessarily result in a more reliable projection of future runoff. This is because the systematic bias in any parameterization approach would propagate from the historical period to the future period and would largely be cancelled out when estimating the relative runoff change. Ensemble simulations combining results from different parameterization considerations could produce a more inclusive range of future runoff projection as it covers the uncertainties due to model parameterization. [ABSTRACT FROM AUTHOR]

• Nationwide streamflow projections for Australia informed by CMIP5 and CMIP6. • Vast majority of CMIP5 and CMIP6 GCMs project less winter rainfall across Australia. • Lower winter rainfall translates to a significant reduction in annual runoff. • Modelled median projection of runoff shows a 50% reduction in far southwest Australia. • Modelled median projection of runoff shows a 20% reduction in far southeast Australia. Projections of streamflow under future climate are essential for developing adaptation strategies in the water and related sectors. This paper presents nationwide streamflow projections for Australia informed by climate change signals in CMIP6 GCMs and compares the projections with those from CMIP5 GCMs. The modelled future runoff projections driven by CMIP5 and CMIP6 GCMs are relatively similar for far southern Australia. The median projection is a 50% reduction in mean annual runoff in far southwest Australia and 20% reduction in far southeast Australia by 2046–2075 relative to 1976–2015 under the high SSP5-8.5/RCP8.5 global warming scenario. The vast majority of CMIP5 and CMIP6 GCMs project less winter rainfall across Australia. As most of the runoff in far southern Australia occurs in winter and spring, the lower winter rainfall translates to a significant reduction in annual runoff. It is therefore prudent to plan and manage for a reduction in future water resources, particularly in the densely populated and important agricultural regions in southeast Australia. There is less agreement between GCMs in the summer rainfall projection, with the CMIP6 GCMs generally projecting a wetter future (or smaller decrease in rainfall) than the CMIP5 GCMs. The modelled median projection for mean annual runoff is a 10% reduction in the south-east coast, 5% reduction in the north-east coast and little change in northern Australia. More GCMs project an increase rather than a decrease in the interannual variability of rainfall, and this would further amplify multi-year hydrological droughts. [ABSTRACT FROM AUTHOR]