Document ID: chunk:federal_register_of_legislation:C2004A04077:schedule:2:p7
Version: federal_register_of_legislation:C2004A04077
Segment Type: schedule
Provision Reference: sch 2 (pt 7/16)
Character Range: 110124–112861

Fee the Commonwealth shall pay to the Bank within seven (7) days of such resolution by way of adjustment the amount of such overpayment.

    3.6.3 The Commonwealth and the Bank agree that the amount of adjustment shall bear interest at the Benchmark rate fixed in accordance with Sub-clause 11.10 of the Agreement.

4. FURTHER AMENDING ACT

     4.1 This Supplementary Agreement is binding on the parties but, except for this Clause, is subject to and conditional upon Part 2 of the Veterans' Affairs Legislation Amendment Act 1990 being passed by Parliament in the form of the draft Bill initialled on behalf of the parties at the time of execution of this Supplementary Agreement with such amendments only as are agreed in writing by the parties.

     4.2 In the event that Part 2 of the Veterans' Affairs Legislation Amendment Act 1990 passed by Parliament should contain any amendments from the draft Bill referred to in Sub-clause 4.1 the Commonwealth shall within two (2) days of the passage of the Veterans' Affairs Legislation Amendment Act 1990 give notice to the Bank of the amendments together with such information relating to those amendments as it wishes to provide.

4.3 If in the opinion of the Bank, such amendments:

       (a) alter the obligations of the Bank set out in the Agreement, the Supplementary Agreement or the draft Bill;

       (b) alter the arrangements for the payment of Subsidy set out in the Agreement, the Supplementary Agreement or the draft Bill;

SCHEDULE 1—continued

       (c) reduce or restrict the entitlements of persons set out in the Agreement, the Act or the draft Bill in a way which is likely to reduce, from levels applying in recent years, the number of Entitled Applicants for advances;

       (d) alter the obligations of the Commonwealth set out in the Agreement, the Supplementary Agreement, the Amended Act or the draft Bill; or

       (e) result in any financial consequences which are adverse to the Bank,

    and are unacceptable to the Bank, the Bank shall notify the Commonwealth of such opinion within seven (7) days of receipt of the notice under Sub-clause 4.2, or such further period as may be agreed upon by the parties, and upon receipt of such notice this Supplementary Agreement shall terminate.

    4.4 In the event that the Bank does not give notice under Subclause 4.3, it shall be taken to have agreed to such amendments for the purposes of Sub-clause 4.1.

    4.5 The Commonwealth agrees that Part 2 of the Veterans' Affairs Legislation Amendment Bill 1990 referred to in Sub-clause 4.1 which is submitted to Parliament shall have only such amendments as may be agreed in writing between the parties.

    4.6 In the event that Part 2 of the Veterans'