Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) Without precluding or limiting the matters that may be provided for in an agreement, an agreement may provide for the matters mentioned in subsections ( 2), (3) and (4).
(2) An agreement may provide for the payment by the payee to the Commonwealth of an amount equal to the whole, or such part as an authorised person determines, of any net income derived by the payee from:
(a) property acquired or produced in the course of carrying out a project; or
(b) patents for inventions made in the course of carrying out a project.
(3) An agreement may provide for the assignment by the payee to the Commonwealth of:
(a) any property mentioned in paragraph ( 2)(a); or
(b) any patents for inventions mentioned in paragraph ( 2)(b); or
(c) any interest that the payee may have in any such invention.
(4) An agreement may provide for the payment by the payee to the Commonwealth if any property or interest of a kind mentioned in subsection ( 3) is disposed of to a person other than the Commonwealth, of an amount equal to the whole, or such part as an authorised person determines:
(a) in the case of a disposal by way of sale or assignment for value--of the net proceeds of the sale or assignment; and
(b) in any other case--of the value of the property or interest as determined by the authorised person.