2021-05-11 Services & Organisation Committee Meeting Agenda

SERVICES & ORGANISATION COMMITTEE MEETING AGENDA   11 MAY 2021




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SERVICES & ORGANISATION COMMITTEE MEETING AGENDA                                                11 MAY 2021

                                                                                           AUSTRALIA

               {i)     this MOU is not intended to create binding legal obligations between the parties;
                       and
               {ii}    the understandings expressed in this MOU are subject to and conditional on the
                       negotiation and execution of final contracts.
        {b)     Each of the parties acknowledges and agrees that it intends to use reasonable endeavours to
               enter into separate legally binding long form agreements to record the terms on which the
                Principal Activities will be undertaken, and the respective contributions of the parties
               including those outlined in the Schedule.
        {c)    The parties agree to negotiate in good faith in relation to the terms and conditions of their
               respective agreement/s, as soon as reasonably practicable to enable the agreement/s to be
               executed no later than nine {9) months after this MOU is signed by both parties.

        5.      Publicity and public announcements
        {a)     No party may make or authorise the making of any press release or other public
               announcement relating to the negotiations of the parties, the subject matter of this MOU or
               any of the transactions contemplated by it unless:
               {i}     it has the prior written approval of the other party; or
               {ii}    the release or announcement is required to be made by law, provided that nothing
                       in this clause restricts a party from making any public comments or statements in
                       relation to any matters relating to this MOU where in their judgment it is in the best
                       interests to do so. Where possible, that party will provide reasonable prior notice of
                       any such public comments or statements.
        {b)    This clause survives termination of this MOU.

        6.     Governance
        {a)    The parties are committed to the principles of best practice in governance, recognising that
               strong, accountable and transparent governance is directly linked to achieving desired and
               measurable outcomes. To that end, the parties agree to establish a committee
               {Management Committee) to assist with oversight of the Principal Activities.

        {b)    The Management Committee will:

               {i)     provide a forum for the parties to discuss their respective priorities;

               {ii)    increase the quality and quantity of opportunities for collaboration and cooperation;

               {iii)   provide leadership across the full range of activities to be considered under this
                       MOU, including to assist in the implementation of the objectives of this MOU;

               {iv)    establish working groups to resolve issues of mutual significance, including to assist
                       in effecting identified opportunities;

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