General application to variations of arrangements
(1) This Act applies in relation to a variation of an arrangement (whether the arrangement is made before, on or after the commencement day) in the same way it applies in relation to an arrangement.
Example: Sections 16 and 23 require a core State/Territory entity to notify the Minister about proposals to negotiate or enter a core foreign arrangement. Because of this subsection, if the entity proposes to negotiate a variation of a core foreign arrangement, or make a variation of a core foreign arrangement, then the entity is required to notify the Minister about that proposal.
(2) A variation of an arrangement is any written variation of an arrangement:
(a) whether or not it is legally binding; and
(b) whether or not it is made in Australia;
and includes the exercise of an option to extend the arrangement.
Additional application for subsidiary arrangements
(3) Without limiting subsection (1), this Act applies as if a reference to an arrangement that is entered under the auspices of a foreign arrangement includes a reference to the following:
(a) a variation of an arrangement that is made under the auspices of a foreign arrangement;
(b) an arrangement that is entered under the auspices of a variation of a foreign arrangement.
Exemptions
(4) Without limiting subsection (1), the rules may prescribe that variations of arrangements of a kind are exempt, even if the rules do not prescribe that arrangements of that kind are exempt.
Exceptions
(5) Subsections (1), (3) and (4) do not apply in:
(a) subsection (2); and
(b) subsection 9(1) (which is the definition of arrangement ); and
(c) Schedule 1 (which is about pre-existing foreign arrangements).