NRMA - ACT ROAD SAFETY TRUST
DEED OF VARIATION
This Deed is made the 17th day of March 1999 between the following parties: 
1.	NRMA INSURANCE LIMITED ACN 000 016 722, a company whose registered office is situated at 388 George Street, Sydney in the State of New South Wales (the First Appointor); and 
2.	AUSTRALIAN CAPITAL TERRITORY, a body politic established by section 7 of the Australian Capital Territory (Self-Government Act) 1988 of the Commonwealth (the Second Appointor); and 
3.	JOHN BEVERLEY CHRISTOPHER KIRBY of 58 Mueller Street, Yarralumla in the Australian Capital Territory, Company Director; 
KENNETH HORSHAM of 1 Britton Place, McKellar in the Territory, Public Servant; 
SANDRA JOAN PEISLEY of PO Box 401, Canberra in the Australian Capital Territory, Australian Federal Police Officer; 
IAN McLEAN CRAWFORD of 87 Endeavour Street, Red Hill in the Territory, retired Naval Officer; and 
ALLAN JAMES GAUKROGER of 68 Jaeger Circuit, Bruce in the 
Territory, Regional Manager (the Trustees) 
WHEREAS: 
(a)	The Trustees are the trustees for the time being of the NRMA - ACT Road Safety Trust established by Deed of Trust dated the 17th day of July 1992 and being validly appointed pursuant to that Deed; 
(b)	The initial grant settled on the trustees pursuant to the Deed of Trust has been largely exhausted; 

(c)	The Second Appointor has agreed to settle on the Trustees for the objects of the Trust, a sum equivalent to $1.50 in respect of each motor vehicle registered in the Territory for a period of twelve months (or a proportional amount where the registration is for a period less than one year) from and including the 1st day of July 1998, by way of regular payments to the Trustees; 
(d)	The First Appointor has agreed to settle on the Trustees, for the objects of the Trust, amounts equal to the amounts so settled by the Second Appointor; 
(e)	The Trustees have agreed to vary by this Deed the provisions of the Deed of Trust to reflect and provide for the above; and 
(f)	The Appointors consent to such variation. 
NOW THIS DEED WITNESSES: 
The Deed of Trust dated the 17th day of July 1992 is varied as follows: 
1. 	Clause 1.1 is varied by deleting the definition of 'NRMA' and substituting the following: 
‘NRMA’ means NRMA Limited ACN 000 010 506. 
2. 	Part 2 is varied by adding the following clause: 
2.3 	The First Appointor and the Second Appointor may each settle upon the Trustees from time to time such amounts as they think fit in addition to the initial grant to be held on the trusts set out in this Deed. 
3. 	Part 6 is varied by inserting in clause 6.1 the word ‘founding’ before ‘trustees’ where first appearing, and by inserting after clause 6.2 the following clause: 
6.2.1	On and from the 16th day of March 1999 the Trustees and their respective Appointors shall be as follows: 
Trustee 	Appointor 
	  John Beverley Christopher Kirby			The Appointors 

Kenneth Horsham 	The Second Appointor 	
Ian McLean Crawford 	The First Appointor 	
Sandra Joan Peisley 	The Second Appointor 	
Allan James Gaukroger 	The First Appointor 	

IN WITNESS WHEREOF the parties have executed this Deed on the date first hereinbefore mentioned. 
SIGNED, SEALED AND DELIVERED by 
as Attorney for NRMA INSURANCE LIMITED ACN 000 016 722 pursuant to Power of Attorney dated 18 May 1998.
Registered Number  243 Book 4201
without notice of revocation in the presence of : 
Witness			
  D. A. PIPER
Name (please print)	 GRAEME BLACKETT
	  DOUGLAS R PEARCE
  Name (please print)	

SIGNED, SEALED and DELIVERED 
for and on behalf of the 
AUSTRALIAN CAPITAL TERRITORY in the presence of 
Witness			
  NORMAN BATESON
Name (please print)		     B. M. SMYTH
  Name (please print)	

SIGNED, SEALED and DELIVERED by JOHN BEVERLEY CHRISTOPHER KIRBY in the presence of: 
Witness			
  CHRIS HUNT
Name (please print)		   JOHN BEVERLEY CHRISTOPHER KIRBY
  Name (please print)	

SIGNED, SEALED and DELIVERED by 
KENNETH HORSHAM 
in the presence of: 
Witness			
  LISA MURPHY
Name (please print)		  KENNETH HORSHAM
  Name (please print)	

SIGNED, SEALED and DELIVERED by 
SANDRA JOAN PEISLEY 
in the presence of: 
Witness			
  EJ WHEELER
Name (please print)		    SJ. PEISLEY
  Name (please print)	

SIGNED, SEALED and DELIVERED by 
IAN McLEAN CRAWFORD 
in the presence of: 
Witness			
ROBIN. C. ANDERSON
Name (please print)		  IAN McLEAN CRAWFORD
  Name (please print)	

SIGNED, SEALED and DELIVERED by 
ALLAN JAMES GAUKROGER 
in the presence of: 
Witness			
SANDRA ANN McINTYRE
Name (please print)		ALLAN JAMES GAUKROGER
  Name (please print)