Document ID: chunk:federal_register_of_legislation:C2024C00682:schedule:1:p33
Version: federal_register_of_legislation:C2024C00682
Segment Type: schedule
Provision Reference: sch 1 (pt 33/50)
Character Range: 152396–155146

If the external auditors' opinion is qualified in any respect the reasons for such qualification shall be specified in the report and the Bank agrees to take immediate action to remedy the matters specified and to obtain a further report from its external auditors within twenty‑eight (28) days stating that, in their opinion, the reasons for the qualification no longer apply.
    30.3 Discussion of audit procedures with external auditors
    If at any time the Commonwealth considers it to be desirable the Bank will arrange with its external auditors for the Commonwealth to discuss with the external auditors the audit procedures they have applied.
    30.4 No charge to the Commonwealth by the Bank
    The Bank shall not be entitled to charge a fee for any information or service provided to the Commonwealth pursuant to this clause.
    31. ENABLING LEGISLATION
        31.1.1 Enabling legislation being passed by Parliament
        This Agreement is binding on the parties but, except for this Clause, is subject to and conditional upon legislation being passed by Parliament in the form of the draft Bill initialled on behalf of the parties at the time of execution of this Agreement with such amendments only as:
           (i) are agreed in writing on behalf of the parties; or
           (ii) are taken to have been agreed to by the Bank pursuant to Sub‑clause 31.4.
        31.1.2 The draft Bill referred to in Sub‑clause 31.1.1 to be initialled by the parties shall not include Schedule 1 thereto.
    31.2 Amendments to draft Bill
    In the event that the legislation passed by Parliament should contain any amendments from the draft Bill referred to in Sub‑clause 31.1, the Commonwealth shall within two (2) days of the passage of the legislation give notice to the Bank of the amendments together with such information relating to those amendments as it wishes to provide.
    31.3 Effect of Amendments
    If the amendments:
      (a) alter the obligations of the Bank set out in the Agreement or the draft Bill;
      (b) alter the arrangements for the payment of Subsidy set out in the Agreement or the draft Bill;
      (c) reduce or restrict the entitlements of persons set out in the Agreement or the draft Bill; or
      (d) alter any of the obligations of the Commonwealth set out in the Agreement or the draft Bill or affect the capacity of the Commonwealth to perform its obligations under this Agreement or the draft Bill, and
    in the opinion of the Bank, this adversely affects the position of the Bank under the Scheme, the Bank shall notify the Commonwealth within seven (7) days of receipt of the notice under Sub‑clause 31.2 or such further period as may be agreed upon by the parties.
    31.4 No Notice by Bank