Document ID: chunk:federal_register_of_legislation:C2004A03717:body:0:p51
Version: federal_register_of_legislation:C2004A03717
Segment Type: other
Provision Reference: 
Character Range: 127345–130236

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 application shall be completed by the applicant.

SCHEDULE 1—continued

         7.1.2 The Bank agrees that nothing in this Agreement prohibits an applicant for a Certificate of Entitlement from applying initially directly to the Commonwealth for the purpose of obtaining such Certificate except that in the case of an application for a Certificate of Entitlement for Instalment Relief, such application can only be made through the Bank.
         7.1.3 The Bank or the applicant shall forthwith on completion of an application for a Certificate of Entitlement forward that application to the Commonwealth.
         7.1.4 On receipt by the Commonwealth of a completed application for a Certificate of Entitlement either from the Bank or an applicant, the Commonwealth shall proceed to determine whether the applicant is an Entitled applicant and, if so, shall issue to the applicant a Certificate of Entitlement.
         7.1.5 On receipt by the Commonwealth of a completed application for a Certificate of Entitlement for Instalment Relief from the Bank, the Commonwealth shall proceed to determine whether the