Document ID: chunk:federal_register_of_legislation:C2024C00682:schedule:1:p23
Version: federal_register_of_legislation:C2024C00682
Segment Type: schedule
Provision Reference: sch 1 (pt 23/50)
Character Range: 126851–129680

to time. The Bank further agrees that it will:
      (a) ensure that its officers and employees are available for discussion and will provide such other reasonable assistance as the Commonwealth may from time to time request to assist it in the preparation of such Annual Reports;
      (b) provide such reasonable assistance to the Commonwealth as the Commonwealth may from time to time request in the preparation of evaluations of the Scheme at intervals between three (3) and five (5) years including but not limited to:
         (i) the provision of reports to the Commonwealth on the operation of the Scheme stating whether in the Bank's opinion the objectives of the Scheme are being met and, if not, specifying any shortcomings and also recommending appropriate changes to enable the objectives to be met; and
         (ii) ensuring that its officers are available for discussion and to provide reasonable assistance in the preparation of evaluations.
    11.5 Disclosure
    The reports by the Bank referred to in Sub‑clause 11.4 (b) (i) are not to be copied, used, disclosed or otherwise made available to any third party without the prior written consent of both parties.
    11.6 No charge to the Commonwealth by the Bank
    The Bank shall not be entitled to charge a fee for any act done by it pursuant to this Clause.

    12. ACKNOWLEDGEMENT OF COMMONWEALTH ADMINISTRATIVE ARRANGEMENTS
    12.1 Commonwealth to act through Departments and statutory authorities
    The Bank agrees that the Commonwealth may discharge its rights and exercise its obligations under this Agreement through any Department of State of the Commonwealth or statutory authority of the Commonwealth.
    12.2 Meaning of "Commonwealth" in Agreement
    Any reference to the "Commonwealth" in this Agreement shall, unless the contrary intention appears, include any Department or Departments of State of the Commonwealth, or any statutory authority of the Commonwealth which is charged with the responsibility for administering the Scheme pursuant to Sub‑clause 12.1.

    13. DEALINGS WITH SOUTH AFRICA
    13.1 The Bank hereby agrees that:
      (a) as at the date of signing this Agreement no South African person has a beneficial interest in 50 per cent or more of the issued shares of the Bank or, alternatively, no South African person has a controlling interest in the Bank;
      (b) for the duration of this Agreement no South African person shall be allowed to attain a beneficial interest in 50 per cent or more of the issued shares of the Bank or, alternatively, no South African person shall be allowed to attain a controlling interest in the Bank; and
      (c) the Commonwealth will be notified in writing if, during the Franchise Term, there is any actual or proposed change to the Bank which will lead or is likely to lead to