<REMOVE THIS HEADER>PLEASE NOTE: This template has been prepared by the Department of Agriculture and Fisheries. The following text is required to be inserted into a bank guarantee to ensure compliance with the conditions of a resource allocation authority which is given under the Fisheries Act 1994. This text should be removed on completion of the template (including by completing the yellow highlighted sections). The bank guarantee must be presented on letterhead of the relevant financial institution.

Bank Guarantee

IN RESPECT OF

RESOURCE ALLOCATION AUTHORITY Number:

TO: The State of Queensland represented by the Department of Agriculture and Fisheries (the “State”)

General Information

No. / Topic / Details
1 / Resource allocation authority / Resource allocation authority number:
Date of resource allocation authority:
2 / Holder / Name of holder of resource allocation authority:
ABN or ACN:
Address:
3 / Financial Institution / Name:
ABN or ACN (if applicable):
Street address:
Postal address:
Email:
4 / Agreed Sum / Total bank guarantee in AUD:
  1. Bank guarantee

1.1 The Holder has been granted a Resource allocation authority issued under the Fisheries Act 1994, a condition of which requires the Holder to submit to the State an unconditional bank guarantee as security for compliance with the conditions of the Resource allocation authority.

1.2 In consideration of the State accepting this Bank Guarantee, the Financial Institution unconditionally undertakes to pay on demand any sum or sums which may from time to time be demanded by the State to a maximum total of the Agreed Sum.

1.3This Bank Guaranteewill remain in full force and effect until:

  1. the State notifies the Financial Institution that the State no longer requires the Bank Guarantee; or
  2. this Bank Guarantee is returned to the Financial Institution; or
  3. the Financial Institution pays the State the whole of the Agreed Sum.

1.4 The Financial Institution may pay the Agreed Sum or any parts of it to the State without reference to the Holder. This is the case even if the Holderor any other person gives notice to the Financial Institution not to pay to the State any moneys payable under this Bank Guarantee.

1.5The Financial Institution may terminate this Bank Guarantee at any time on payment to the State of the Agreed Sum or the balance of it after any part payments, or any lesser amount which the State requires.

OPTION 1: SIGNATURE BLOCK (CHOOSE ONE ONLY)

DATED at…………………………..this……………day of……………………20……….

SIGNED SEALED AND DELIVERED for and on behalf of:

NAME OF FINANCIAL INSTITUTION:

ADDRESS OF FINANCIAL INSTITUTION:

......

......

......

FINANCIAL INSTITUTION’S ACN:......


OPTION 2: SIGNATURE BLOCK (CHOOSE ONE ONLY)

DATED at…………………………..this……………day of……………………20……….

Executedfor and on behalf of the [Name of Financial Institution]

by its Attorney

who holds the position of Level [x] Attorney by

Power of Attorney [Power of Attorney Number]

dated [Date of PoA]

In the presence of

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