Document ID: chunk:federal_register_of_legislation:C2025C00096:schedule:1:p19
Version: federal_register_of_legislation:C2025C00096
Segment Type: schedule
Provision Reference: sch 1 (pt 19/51)
Character Range: 209466–212231

Agreement or the draft Bill;
        (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 applying for advances;
        (d) alter any of the obligations of the Commonwealth or the Corporation set out in the Agreement, the Act or the draft Bill; or
        (e) result in any financial consequences 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 6.2, or such further period as may be agreed upon by the parties, and upon receipt of such notice the Agreement shall terminate.
    6.4 No Notice by Bank
    In the event that the Bank does not give notice under Sub‑Clause 6.3, it shall be taken to have agreed to such amendments for the purposes of Sub‑clause 6.1.
    6.5 Form of draft Bill
    The Commonwealth agrees that the draft Bill to be submitted to Parliament shall be the draft Bill referred to in Sub‑clause 6.1 with only such amendments thereto as may be agreed in writing between the parties.
    6.6 Effect of Termination
    In the event that the Amending Act is not passed in the form of the draft Bill referred to in Sub‑clause 6.1 and, as a result, the condition contained in Sub‑clause 6.1 is not met and the Agreement is terminated or has no force or effect, neither the Bank nor the Commonwealth will have any right to claim compensation, losses, expenses, costs or damages arising or resulting from this Agreement against the other.
    6.7 Agreement approved by Amending Act
    The parties hereby agree that a copy of this Agreement shall be annexed to and approved by the Amending Act.
    6.8 Amending Act provisions
    The Amending Act shall provide that the Corporation's interests, rights, title and obligations in the Portfolio Assets shall vest in the Bank progressively on the Vesting Dates determined in accordance with Clause 4.
    6.9 Date of Proclamation after 30 June 1989
     In the event that the Date of Proclamation is a date after 30 June 1989 then this Agreement shall be of no force or effect and neither the Bank nor the Commonwealth will have any right to claim for compensation, losses, expenses, costs or damages arising or resulting from this Agreement against the other.

    7. APPLICATION/REVIEW—GENERAL
    7.1 Applications
         7.1.1 In the event of an applicant approaching the Bank for
            (a) a Subsidised Advance;
            (b) Instalment Relief; and/or
            (c) Transfer of Land and Subsidy
         the Bank shall provide the applicant with an application for a Certificate of Entitlement which