Document ID: chunk:federal_register_of_legislation:C2004A03717:body:0:p50
Version: federal_register_of_legislation:C2004A03717
Segment Type: other
Provision Reference: 
Character Range: 124934–127581

"B".

SCHEDULE 1—continued
    5.7 Discount of Fees
   The Bank agrees that the Establishment Fee charged with respect to all applications lodged in the twelve (12) month period following the Date of Proclamation shall be subject to a fifteen (15) per cent discount as against the Establishment Fees charged to its Housing Loan Customers.
    6. AMENDING ACT
6.1 Amending Act being passed by Parliament
   This Agreement is binding on the parties but, except for this Clause, is subject to and conditional upon the Amending Act 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 by the parties; or
    (ii) are taken to have been agreed to by the Bank pursuant to Sub-clause 6.4.
    6.2 Amendments to draft Bill
   In the event that the Amending Act passed by Parliament should contain any amendments from the draft Bill referred to in Sub-clause 6.1, the Commonwealth shall within two (2) days of the passage of the Amending Act give notice to the Bank of the amendments together with such information relating to those amendments as it wishes to provide.
    6.3 Effect of Amendments
   If in the opinion of the Bank, such 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, 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.

SCHEDULE 1—continued
    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