Document ID: chunk:federal_register_of_legislation:C2014C00538:section:8:p6
Version: federal_register_of_legislation:C2014C00538
Segment Type: section
Provision Reference: s 8 (pt 6/15)
Character Range: 16574–19231

an absent representative who has not appointed a deputy may vote by letter, telegram, or by facsimile and in such case that representative shall be counted as being present in relation only to the questions on which he or she has voted.
     (8) The Loan Council may make rules of procedure including rules relating to places, times, and notices of meetings, and conduct of business at meetings, including voting on a resolution and from time to time may alter such rules.
     (9) The Loan Council may make resolutions, which are not to operate as they would have operated had clause 3(15) of the original Agreement not been rescinded, in relation to—
      (a) borrowings;
      (b) raisings; and
      (c) other financial arrangements
    by the Commonwealth, a State, a local governing body or any entity owned or controlled wholly or as to a major part by any of them, save for any of the foregoing excepted from time to time by the Loan Council.
     (10) In this clause the expressions "Prime Minister" and "Premier" include the persons for the time being respectively acting as such.
     5(1) Subject to this clause the Commonwealth will continue to pay to bondholders from time to time interest payable on the Public Debts of the States taken over by the Commonwealth under the Principal Agreement other than debts due by the States to the Commonwealth.
     (2) Each State shall continue to pay in each year to the Commonwealth, as it falls due, the whole of the interest on any debt included in the public debt of that State taken over by the Commonwealth under the Principal Agreement, and on any moneys borrowed by the Commonwealth under the Principal Agreement on behalf of that State, then unpaid.
     (3) The Northern Territory shall continue to pay in each year to the Commonwealth, as it falls due, the whole of the interest on any moneys borrowed by the Commonwealth on behalf of the Northern Territory under the 1986 Arrangements then unpaid.
     (4) The method by which payments shall be made by a State under sub‑clause (2)or the Northern Territory under sub‑clause (3) of this clause shall be arranged from time to time between the Commonwealth and, respectively, that State or the Northern Territory.
     (5) The rate of interest payable under sub‑clause (2) of this clause in respect of moneys borrowed by the Commonwealth on behalf of a State shall be the full rate of interest payable by the Commonwealth in respect of the loan by which such moneys were borrowed or such other rate of interest as may be payable by the State to the Commonwealth under any agreement made or to be made between the Commonwealth and that State in