Commonwealth Consolidated Acts

NATIONAL BROADBAND NETWORK COMPANIES ACT 2011 - SECT 58

  (1)   The Consolidated Revenue Fund is appropriated to the extent necessary for the purposes of the payment or discharge of the costs, expenses and other obligations incurred by the Commonwealth in connection with the formulation, entering into, or carrying out, of an NBN Co sale scheme.

  (2)   The costs, expenses and obligations covered by subsection   (1) include (but are not limited to) the following:

  (a)   legal and accounting fees;

  (b)   costs of undertaking due diligence inquiries;

  (c)   underwriting fees;

  (d)   costs associated with an offer document;

  (e)   marketing expenses;

  (f)   other administrative and logistical expenses;

  (g)   calls on indemnities granted by the Commonwealth;

  (h)   calls on guarantees given by the Commonwealth;

  (i)   obligations to make payments of amounts in relation to sale - scheme hybrid securities issued by the Commonwealth (for example, payments of interest).