Document ID: chunk:federal_register_of_legislation:C2014C00538:section:8:p13
Version: federal_register_of_legislation:C2014C00538
Segment Type: section
Provision Reference: s 8 (pt 13/15)
Character Range: 33945–36947

which this Agreement provides that, after its establishment, contributions to the Debt Retirement Reserve Trust Account shall be made.
     15 Separate accounts shall be kept by the Commonwealth for each State and, so far as relevant, for the Northern Territory in respect of Debt, Interest, and Sinking Funds or, after its establishment, contributions for the purposes of the Debt Retirement Reserve Trust Account.
     16(1) This Agreement rescinds the Principal Agreement, except as provided by this clause, but with effect from the date on which this Agreement, other than Clauses 7, 8, 10, 11 and 13, comes into effect.
     (2) Sub‑clauses 12A(1), (2) and (4) to (12), inclusive, of the Principal Agreement continue to operate until the date on which the Debt Retirement Reserve Trust Account is established and, for the purposes of their continued operation, references in sub‑clause 12A(9) of the Principal Agreement to clauses 12B and 12C are taken to be references to clauses 7 and 8, respectively, of this Agreement.
     (3) This Agreement rescinds, with effect from the date referred to in sub‑clause (1), the provisions of the 1986 Arrangements in relation to debt outstanding as at 1 July 1990, being debt arising from securities the subject of those Arrangements issued or created in respect of the Northern Territory by the Commonwealth.

IN WITNESS WHEREOF this agreement has been signed for and on behalf of the parties respectively as at the day and year first above written.

SIGNED by the Honourable PAUL JOHN KEATING, Prime Minister of the Commonwealth of Australia, in the presence of Dr Michael Keating    * Signature omitted
SIGNED by the Honourable JOHN JOSEPH FAHEY, Premier of the State of New South Wales, in the presence of Mr Roger Wilkins              * Signature omitted
SIGNED by the Honourable JEFFREY GIBB KENNETT, Premier of the State of Victoria, in the presence of                                   * Signature omitted
Mr Ken Baxter
SIGNED by the Honourable WAYNE KEITH GOSS, Premier of the State of Queensland, in the presence of                                     * Signature omitted
Mr Kevin Rudd
SIGNED by the Honourable RICHARD FAIRFAX COURT, Premier of the State of Western Australia, in the presence of                         * Signature omitted
Mr Don Saunders
SIGNED by the Honourable DEAN CRAIG BROWN, Premier of the State of South Australia, in the presence of                                * Signature omitted
Mr Michael Schilling
SIGNED by the Honourable RAYMOND JOHN GROOM, Premier of the State of Tasmania, in the presence of                                     * Signature omitted
Dr Dan Norton
SIGNED by ROSEMARY FOLLETT, Chief Minister of the Australian Capital Territory, in the presence of                                    * Signature omitted
Dr David Rosalky
SIGNED by the Honourable MARSHALL BRUCE PERRON, Chief Minister of the Northern Territory, in the presence of                          * Signature omitted
Dr Neil Conn

Endnotes