Document ID: chunk:federal_register_of_legislation:C2025C00096:schedule:1:p29
Version: federal_register_of_legislation:C2025C00096
Segment Type: schedule
Provision Reference: sch 1 (pt 29/51)
Character Range: 235232–237976

the Commonwealth its minimum standard production fee in respect of any such documents or assistance provided to the Commonwealth pursuant to this Sub‑clause.
    10.11 Charge to Commonwealth by Bank
    Subject to Sub‑clause 10.10, the Bank shall not be entitled to charge the Commonwealth a fee in relation to the provision by it to the Commonwealth of any information pursuant to this Clause.

    11. SUBSIDY SCHEME
    11.1 Agreement to pay Subsidy
    In accordance with the terms of this Agreement, the Commonwealth hereby agrees to pay to the Bank subsidy in respect of:
       (a) Specified Portfolio Assets, and
       (b) Subsidised Advances made by the Bank.
    11.2 Commencement of obligation to pay Subsidy
    The obligation of the Commonwealth to pay Subsidy to the Bank as prescribed in Sub‑clause 11.1 is to commence:
       (a) in so far as that Subsidy relates to a Specified Portfolio Asset, from the actual day upon which the Borrower first becomes liable for payment of interest thereon or from the relevant Vesting Date, whichever is the later; and
       (b) in so far as that Subsidy relates to a Subsidised Advance by the Bank to a Borrower, from the actual day upon which the Borrower first becomes liable to pay to the Bank interest on such Subsidised Advance.
    11.3 Subsidy payable monthly
    Subsidy is payable monthly and is calculated by reference to the Balance in the Subsidised Advance Loan Account of each Borrower on the relevant Rest Day or such later day as the amount of interest payable on that Rest Day is debited to the Subsidised Advance Loan Account.
    11.4 Subsidy Invoice
    The Bank hereby agrees to provide the Commonwealth with a written invoice detailing its claim for Subsidy together with the information referred to in Sub‑clause 10.5 not more than three (3) Business Days after the Rest Day for Subsidised Advances.
    11.5 Verification and Payment of Subsidy
    The Commonwealth shall pay the Bank the amount of Subsidy which the Commonwealth has verified by 11 a.m. on the day which is fifteen (15) days after the relevant Rest Day or the day which is seven (7) Business Days after the receipt of the invoice and the information referred to in Sub‑clause 10.5, whichever is the later.
    11.6 Manner of Payment of Subsidy
    Subsidy shall be paid by depositing the relevant amounts to BSB Account Number 032‑936‑05‑0151 with the Retail Banking Division branch of the Bank, or to such other account as the Bank may from time to time advise.
    11.7 Dispute as to Subsidy Claim
    In the event of a dispute or disagreement arising between the Commonwealth and the Bank as to the amount of Subsidy payable to the Bank by the Commonwealth in accordance with this Agreement then