SUPPLEMENT TO AGREEMENT FOR OFFERING STATE/TERRITORY DEBT SECURITIES IN CONNECTION WITH THE AUSTRALIAN GOVERNMENT GUARANTEE OF STATE AND TERRITORY BORROWING

EXHIBIT G

EXECUTION COPY

SUPPLEMENT TO AGREEMENT FOR OFFERING STATE/TERRITORY

DEBT SECURITIES IN CONNECTION WITH THE AUSTRALIAN

GOVERNMENT GUARANTEE OF STATE AND TERRITORY BORROWING

This Supplement is entered into as of 14 October 2010, by and among Barclays Capital Inc., Barclays Bank PLC, Xxxxxxx Xxxxx International (Australia) Ltd and Xxxxxxx Lynch, Pierce, Xxxxxx & Xxxxx Incorporated (the "New Dealers"), the Commonwealth of Australia represented by the Department of the Treasury (the “Commonwealth”), Queensland Treasury Corporation (the “Issuing Entity”) and the Treasurer on behalf of the Government of Queensland (the “State”).

Reference is made to the Agreement for Offering State/Territory Debt Securities in connection with the Australian Government Guarantee of State and Territory Borrowing, dated as of 11 December 2009, by and among the Commonwealth, the Issuing Entity, the State and the Dealers named therein, a copy of which is attached hereto as Annex I (as amended or supplemented, the "Offering Agreement").

The Commonwealth and the New Dealers hereby agree as follows:

1.           Defined Terms.  All capitalized terms used but not defined in this Supplement have the meanings assigned thereto in the Offering Agreement.

2.           Joinder of New Dealers.  Each of the New Dealers hereby joins in and agrees to become a party to the Offering Agreement with all right, title and interest as a Dealer thereunder and subject to all of the terms and conditions thereof as if each New Dealer were an original party and signatory thereto.

3.           Notice.   The New Dealers’ notice addresses for the purposes of the Offering Agreement are as follows:

Barclays Capital Inc.

000 Xxxxxxx Xxxxxx

Xxx Xxxx, XX 00000

Xxxxxx Xxxxxx of America

Attn: Syndicate Registration

Telephone: x0-000-000-0000

Facsimile: x0-000-000-0000

Email: xxxxxxxxx@xxxxxxxxxxxxxxx.xxx

Barclays Bank PLC

5 The North Colonnade

Canary Wharf

Xxxxxx X00 0XX

Xxxxxx Xxxxxxx

Attn: MTN Dealers

Telephone: x00-00-0000-0000

Facsimile: x00-00-0000-0000

Email: xxxxxxxxx@xxxxxxxxxxxxxxx.xxx

Xxxxxxx Xxxxx International (Australia) Ltd

Xxxxx 00

Xxxxxxxx Xxxxxxx Tower

0 Xxxxxx Xxxxx

Xxxxxx

XXX 0000

Xxxxxxxxx

Attn: Debt Capital Markets

Telephone: x000-0000-0000

Facsimile: x000-0000-0000

Xxxxxxx Lynch, Pierce, Xxxxxx & Xxxxx Incorporated

Xxx Xxxxxx Xxxx

Xxx Xxxx, XX 00000

Xxxxxx Xxxxxx of America

Attn: High Grade Transaction Management / Legal

Facsimile: x0-000-000-0000

[Signature Page Follows]

IN WITNESS WHEREOF, the Commonwealth, the Issuing Entity, the State and the New Dealers have executed this Supplement as of the date first set forth above.

Signed for and on behalf of the COMMONWEALTH OF AUSTRALIA represented by the Department of the Treasury
by
	Xxx Xxxxx			/s/ Xxx Xxxxx
	Name of Signatory			Signature
in the presence of:
	Xxxxxx XxXxxxxxx			/s/ Xxxxxx XxXxxxxxx
	Name of witness			Signature of witness

QUEENSLAND TREASURY CORPORATION

By:	/s/ Xxxx Castles
	Name:	Xxxx Castles
	Title:	Acting Chief Executive

THE TREASURER ON BEHALF OF THE GOVERNMENT OF QUEENSLAND

By:	/s/ Xxxxxx Xxxxxx
	Name:	Xxxxxx Xxxxxx
	Title:	Treasurer

BARCLAYS CAPITAL INC.

By:	/s/ Xxxxxx Xxxxxxx
	Name:	Xxxxxx Xxxxxxx
	Title:	Director

BARCLAYS BANK PLC

By:	/s/ Xxxxxx Xxxx
	Name:	Xxxxxx Xxxx
	Title:	Director

XXXXXXX XXXXX INTERNATIONAL (AUSTRALIA) LTD

By:	/s/ Xxxxxx de la Xxxx
	Name:	Xxxxxx de la Xxxx
	Title:	Director

XXXXXXX LYNCH, PIERCE, XXXXXX & XXXXX INCORPORATED

By:	/s/ Xxxxxx Xxxxxxxxx
	Name:	Xxxxxx Xxxxxxxxx
	Title:	Managing Director

cc:	UBS Limited
	Citigroup Global Markets Inc.
	Citigroup Global Markets Limited
	Deutsche Bank AG, London Branch
	Deutsche Bank Securities Inc.
	Australia and New Zealand Banking Group Limited
	Commonwealth Bank of Australia
	X.X. Xxxxxx Securities Inc.
	X.X. Xxxxxx Securities Limited
	Macquarie Bank Limited London Branch
	Macquarie Capital (USA) Inc.
	National Australia Bank Limited
	Nomura International plc
	Nomura Securities International, Inc.
	Royal Bank of Canada Europe Limited
	The Royal Bank of Scotland plc
	The Toronto-Dominion Bank
	Westpac Banking Corporation

Annex I

[Copy of Offering Agreement]