Commonwealth: States Grants (Rural Adjustment) Amendment Act 1992 (Cth)

States Grants (Rural Adjustment) Amendment Act 1992 No. 239 of 1992 An Act to amend the States Grants (Rural Adjustment) Act 1988 [Assented to 24 December 1992] The Parliament of Australia enacts: Short title etc. 1.(1) This Act may be cited as the States Grants (Rural Adjustment) Amendment Act 1992. (2) In this Act, "Principal Act" means the States Grants (Rural Adjustment) Act 19881. Commencement 2. This Act commences on the day on which it receives the Royal Assent. Approval of execution of amending agreement 3. The execution, on behalf of the Commonwealth, of an agreement between the Commonwealth and either or both of New South Wales and Queensland substantially in accordance with the form set out in the Schedule is approved. Insertion of Schedule 5 4. The Principal Act is amended by adding at the end the Schedule set out in the Schedule to this Act. __________ SCHEDULE Section 4 "SCHEDULE 5 THIRD AMENDING AGREEMENT THIS AGREEMENT is made the day of One Thousand nine hundred and ninety two BETWEEN THE COMMONWEALTH OF AUSTRALIA (in this Agreement called 'the Commonwealth') of the first part, THE STATE OF NEW SOUTH WALES of the second part, and THE STATE OF QUEENSLAND of the third part, WHEREAS (A) The States of New South Wales and Queensland are among the States parties to an Agreement with the Commonwealth dated variously of December 1988 and January 1989 as amended by the First Amending, the Second Amending and Supplemental Agreements dated 20 December 1991, 13 March 1992 and 26 June 1992 respectively, relating to rural adjustment ('the amended Agreement'); and (B) It is desired to further amend the amended Agreement as between those two States and the Commonwealth in order to give effect to certain initiatives in favour of those in the rural sector who are suffering hardship by reason of drought in those two States. NOW IT IS HEREBY AGREED as follows: 1.(1) This Third Amending Agreements shall, as between the Commonwealth and either the State of New South Wales or Queensland executing it, be deemed to have come into force on the 1st September 1992. (2) Notwithstanding that in this Third Amending Agreement two States are named as parties, this third Amending Agreement shall operate as an agreement between the Commonwealth and either State in respect of which it comes into force as fully and effectually as if the State in respect of which it comes into force were the only party so named other than the Commonwealth. (3) In the event that a State ceases to be a party, this Third Amending Agreement shall nevertheless continue in force with respect to the Commonwealth and the other State which is a party when the cessation takes effect. 2. The amended Agreements are amended by: (a) adding to paragraph 6(1)(a) the words 'and also in relation to drought, finance to acquire livestock, restructure debt and improve productivity for the ten months of the year ending 30 June 1993'; (b) inserting into paragraph 10(2)(a) after the word 'crops' the words 'and in relation to drought under paragraph 6(1)(a)'; and (c) adding in sub-clause 10(2) the words 'The State of New South Wales or Queensland may provide the remaining 25% of the subsidy in relation to drought in its State.'. 3. The amended Agreement is, save for the foregoing amendments, confirmed in all other respects. IN WITNESS WHEREOF this Third Amending Agreement has been signed for and on behalf of the Parties as at the day and year first above written. SIGNED by the Honourable SIMON CREAN, Minister for Primary Industries and Energy of the Commonwealth of Australia, in the presence of SIGNED by the Honourable IAN MORTON ARMSTRONG, Minister for Agriculture and Rural Affairs of the State of New South Wales, in the presence of SIGNED by the Honourable KEITH ERNEST DE LACY, Treasurer of the State of Queensland, in the presence of ". NOTE 1. No. 112, 1988, as amended. For previous amendments, see No. 395, 1989; and No. 78, 1992. [Minister's second reading speech made in— House of Representatives on 3 November 1992 Senate on 11 November 1992]