2018-06-27 SM - Attachment 2 to Item 1 - Draft Funding Deed

Se oP
                                             OSE
                                             Queensland
                                             Government
                                       Deed of Funding

Schedule 2 — Terms and conditions
1.    Precedence
      Where any inconsistency exists between:
      (a)   the Special Conditions;
      (b) — this Schedule 2;
      (c)   Schedule 1 (except the Special Conditions); or
      (d)   any other schedules or annexures of this deed,
      the provisions will take precedence in that order to the extent necessary to resolve the inconsistency.
2.    Special Conditions
      The parties agree to be bound by any Special Conditions.
3.    Contributor’s obligations
3.1.  Each Contributor must:
      (a)    pay its part of the Funding Contribution to the Department within 5 Business Days of the later
            of:
            (i)    the provision of tax invoices for the amount of the Funding Contribution to each
                   Contributor by the Department; and
             (ii) | the date of this deed.
      (6)    not do anything or become involved in any situation which, in the reasonable opinion of the
             Department, reflects unfavourably upon the State of Queensland;
3.2   The Contributors may each provide the Department with reasonable notice requiring the return of
      their Funding Contribution (and accrued Interest), such notice to be served only on or after seven
      years from the date of this Deed. .
4.    Department’s obligations
4.1.  The Department must provide to each Contributor a valid tax invoice for its part of the Funding
      Contribution on or after the date of this deed.
4.2   The Department must:
      (a)    keep the Funding Contribution in an interest bearing account in the Department's name and in
            the Department's sole control, with Queensland Treasury Corporation until the earlier of:
             (i)   the date of Gazettal
             (ii) | 20 Business Days of receipt of a valid notice from both Contributors requiring the return
                   of each Contributor's Funding Contribution, such notices not to be served by the
                   Contributors before seven years from the date of this Deed
      (b)    if requested by a Contributor, provide the Contributor with a copy of a statement for the Bank
            Account, but no more than once each financial year
      (c)    use its reasonable endeavours to achieve Gazettal within seven years from the date of this
             Deed.
5.    Management
      (a) | Each party must nominate a Contact Officer responsible for:

                                                                                                       6