Document ID: chunk:federal_register_of_legislation:C2025C00096:schedule:1:p7
Version: federal_register_of_legislation:C2025C00096
Segment Type: schedule
Provision Reference: sch 1 (pt 7/51)
Character Range: 178978–181675

Minister in accordance with the Amended Act.

    1.2 Interpretation
         1.2.1 Words importing one gender shall include the other gender.
         1.2.2 Words importing the singular shall include the plural and vice‑versa.
         1.2.3 A reference to a Clause shall be a reference to all of its Sub‑clauses, and a reference to a Sub‑clause shall be a reference to all its Sub‑Sub‑clauses unless the context otherwise admits.
         1.2.4 The Clause headings in this Agreement are for reference only and have no effect on the construction, interpretation or meaning of the Clauses.
         1.2.5 The Schedules referred to herein form part of and are subject to the terms of this Agreement.
         1.2.6 Where in this Agreement any period of time dating from a given day, act, or event, is prescribed or allowed for any purpose, the time shall, unless the contrary intention appears, be reckoned inclusive of such day or of the day of such act or event.
         1.2.7 Where the last day of any period prescribed or allowed by this Agreement for the doing of anything falls on a Saturday, on a Sunday or on a day which is a public holiday or a bank holiday in the place in which the thing is to be or may be done, the thing may be done on the first day following which is not a Saturday, a Sunday or a public holiday or bank holiday in that place.
         1.2.8 Where in this Agreement any reference to time occurs, such time shall, unless it is otherwise specifically stated, be deemed in each State or part of the Commonwealth to mean the standard or legal time in that State or part of the Commonwealth.
         1.2.9 A reference to a Clause shall be a reference to a Clause in this Agreement.
         1.2.10 A reference to the parties shall be a reference to the parties to this Agreement.
         1.2.11 All sums of money and all payments made under this Agreement shall be in Australian dollars.

    2. AGREEMENT
    2.1 Commonwealth to vest Portfolio Assets
    Subject to Clause 4, all of the Corporation's interests, rights, title and
    obligations in the Portfolio Assets will vest in the Bank pursuant to the
    Amending Act for the Consideration referred to in Clause 3.
    2.2 Assumption of obligations by Bank
    Subject to Clause 4, the Bank agrees as and from the relevant Vesting Date to assume the burden of the obligations of the Corporation under the Portfolio Assets.
    2.3 Payment of Subsidy
    Pursuant to Clause 11, the Commonwealth further agrees to pay to the Bank a Subsidy with respect to Specified Portfolio Assets and Subsidised Advances.
    2.4 Bank to act in accordance with Subsidy Scheme
    The Bank further agrees to be bound by and act