MCU14/0053 - Response to information request

5.5     Tax invoices

      The recipient is not required to pay the GST Amount until the supplier has
      provided the recipient with a tax invoice in respect of the taxable supply. If the
      supplier has not provided the recipient with a tax invoice prior to the time that
      the GST Amount is otherwise payable under this clause, the recipient must pay
      the GST Amount within five days of the receipt of the tax invoice.

5.6     Adjustment events

      If at any time an adjustment event arises in respect of a taxable supply made
      by a supplier under this Deed the supplier will provide the recipient with an
      adjustment note for the adjustment immediately upon becoming aware of the
      adjustment. Where such an adjustment event arises, a corresponding
      adjustment will be made to the GST Amount and a payment will be made by
      the recipient to the supplier or the supplier to the recipient as the case requires.

5.7     Reimbursements

      Where a party is required under this Deed to pay for or reimburse an expense
      or outgoing of another party, the amount to be paid by the first party is the sum
      of:

      (a)    the amount of the expense or outgoing less any input tax credits in
             respect of the expense or outgoing that the other party is entitled to; and
      (b)    if the payment by the first party is consideration for a taxable supply, an
             amount equal to the GST payable by the other party in respect of the
             payment.

5.8     Representatives

      In the event that liability for payment of GST in respect of a supply under this
      Deed is imposed upon a representative of a supplier, this Clause 5 (Goods and
      Services tax) shall nonetheless apply and any amounts to be calculated
      pursuant to this clause shall be calculated in all respects as if the supplier was
      liable for the GST imposed on such supply and entitled to input tax credits
      properly allocated to the making of that supply.

5.9     Pay As You Go ("PAYG")

      PAYG instalments will be deducted from payments to be made to the Claimant
      if at the time of payment the Claimant has not provided to the Council a valid
      Australian Business Number or if the Council otherwise reasonably forms the
      view that deductions are required to be made under Par 2-5 of the Taxation
      Administration Act 1953.

6     DEFAULT BY OWNER OR PROPONENT

6.1     Rights of the Council on default

      If the Proponent or Owner fails to duly perform and fulfil any or all of its
      obligations under Clause 4 the Council may recover from the Owner in respect




                                      Page 11 of 19