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.

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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.