These Special Account funds will be quarantined for the use of the Scheme. Any balance of the Special Account, including any interest that may have been earned, not spent in a given financial year will be rolled over into the following year. These monies will be taken into consideration in determining the cash funding required from jurisdictions for the following year. The Commonwealth will provide an annual report to the Ministerial Council summarising contributions received into the Special Account and expenditures paid from the Special Account. This report will be made available within six months of the close of the financial year. This report will not be made public unless the Parties agree that it is appropriate to do so. PART 6 –REVIEW Review The Parties commit to commence a review of the operation of this Agreement no later than the third anniversary of the commencement of the Commonwealth Act, or earlier as agreed by the Ministerial Council. This review shall include consideration of ongoing cash funding requirements based on experience during the first years of the operation. Scheme’s Amendment or Variation to the Agreement Provisions Any of the terms of this Agreement, including arrangements for dealing with budget matters, may be amended or varied at any time if agreed to by all the Parties in writing. The Ministerial Council cannot delegate the decision to amend or vary. PART 7 – DISPUTE RESOLUTION Funding and Resourcing If one Party does not pay all or part of its contribution to cash funding as agreed to in any year by the Ministerial Council, the other Parties may consider termination of this Agreement under Part 8 although they would not be obliged to do so. Other options that the Parties may consider in these circumstances include, but are not limited to: seeking an undertaking from the under-paying jurisdiction to make good on the underpayment at a future time; and constructively exploring other ways to maintain the operation of this Agreement despite any short-term disagreements over funding. Informal Dispute Resolution The members of the Committee will negotiate to resolve a dispute that arises under this Agreement. Referral to Ministerial Council or COAG Where the Committee is unable to resolve a dispute, the dispute may be brought to a committee of Senior Officials that reports to the Ministerial Council. If the committee of Senior Officials is unable to resolve a dispute, a Party may refer the dispute to the Ministerial Council for consideration. If the Ministerial Council is unable to resolve a dispute, the Ministerial Council may refer the dispute to COAG for consideration.
These Special Account funds will be quarantined for the use of the Scheme. Any balance of the Special Account, including any interest that may have been earned, not spent in a given financial year will be rolled over into the following year. These monies will be taken into consideration in determining the cash funding required from jurisdictions for the following year. The Commonwealth will provide an annual report to the Ministerial Council summarising contributions received into the Special Account and expenditures paid from the Special Account. This report will be made available within six months of the close of the financial year. This report will not be made public unless the Parties agree that it is appropriate to do so. PART 6 –REVIEW Review The Parties commit to commence a review of the operation of this Agreement no later than the third anniversary of the commencement of the Commonwealth Act, or earlier as agreed by the Ministerial Council. This review shall include consideration of ongoing cash funding requirements based on experience during the first years of the Scheme’s operation. Amendment or Variation to the Agreement Provisions Any of the terms of this Agreement, including arrangements for dealing with budget matters, may be amended or varied at any time if agreed to by all the Parties in writing. The Ministerial Council cannot delegate the decision to amend or vary. PART 7 – DISPUTE RESOLUTION Funding and Resourcing If one Party does not pay all or part of its contribution to cash funding as agreed to in any year by the Ministerial Council, the other Parties may consider termination of this Agreement under Part 8 although they would not be obliged to do so. Other options that the Parties may consider in these circumstances include, but are not limited to: seeking an undertaking from the under-paying jurisdiction to make good on the underpayment at a future time; and constructively exploring other ways to maintain the operation of this Agreement despite any short-term disagreements over funding. Informal Dispute Resolution The members of the Committee will negotiate to resolve a dispute that arises under this Agreement. Referral to Ministerial Council or COAG Where the Committee is unable to resolve a dispute, the dispute may be brought to a committee of Senior Officials that reports to the Ministerial Council. If the committee of Senior Officials is unable to resolve a dispute, a Party may refer the dispute to the Ministerial Council for consideration. If the Ministerial Council is unable to resolve a dispute, the Ministerial Council may refer the dispute to COAG for consideration.