The following agenda was set for the Fifth Extraordinary Sitting of the National Assembly of the Republic of Serbia in 2005, convened by the Chairman, Predrag Markovic for Monday 30 May at the request of 97 deputies:

- Proposal of Amendments to the Constitutional Charter of the State Union of Serbia and Montenegro, with its associated Bill on the Implementation of Amendments I and II to the Constitutional Charter of the State Union of Serbia and Montenegro, proposed by the Government of the Republic of Serbia, and
- Bill Amending and Modifying the Excise Act, proposed by the Government of the Republic of Serbia.

At the start of the joint discussion in principle of the Proposal of Amendments to the Constitutional Charter of the State Union of Serbia and Montenegro, with its associated Bill on the Implementation of Amendments I and II to the Constitutional Charter of the State Union of Serbia and Montenegro, the deputies were addressed by Dr Zoran Loncar, Minister of State Administration and Local Self-Government in the Government of the Republic of Serbia, as representative of the proposer.

Mr Loncar reiterated that the adoption of amendments to the Constitutional Charter would resolve the crisis in the functioning of the State Union, by linking the holding of direct elections for the Parliament of Serbia and Montenegro to the holding of elections for parliaments of member states, when deputies to the Parliament of Serbia and Montenegro from both member states would be elected. The amendments also foresee the requirement for legislation on possible referendums on changing the status of member states to be harmonised with internationally recognised democratic standards. According to Mr Loncar, the adoption of these amendments served two purposes, namely the preservation of the State Union of Serbia and Montenegro, and the provision of conditions for faster integration of Serbia and Montenegro into the State Union.

On the first day of the session, the National Assembly commenced joint discussion in principle on amendments to the Constitutional Charter and the bill on implementation of the amendments.

On the second day of the session (31 May), the National Assembly continued joint discussion in principle on the Proposal of Amendments to the Constitutional Charter of the State Union of Serbia and Montenegro and the Bill on the Implementation of Amendments I and II to the Constitutional Charter.

On the third day of the session (1 June), the National Assembly concluded joint discussion in principle on the Proposal of Amendments to the Constitutional Charter of the State Union of Serbia and Montenegro and the Bill on the Implementation of Amendments I and II to the Constitutional Charter of the State Union of Serbia and Montenegro.

Addressing the deputies at the start of the joint discussion on the Bill Amending and Modifying the Excise Act, the Minister of Finance in the Government of the Republic of Serbia, Mladjan Dinkic, presented the main reasons for adoption of modifications and amendments to the existing Act.

The adoption of the changes, according to Mr Dinkic, would ensure a more flexible excise policy and provide for funds obtained from excise duties to flow directly into the budget, as well as prevent possible abuse and harmonise excise policy with EU regulations.

The National Assembly went on to discuss the Bill Amending and Modifying the Excise Act in principle and in particular.

As the National Assembly had discussed all items from the agenda, the Chairman of the National Assembly convened a Voting Day session for 3 p.m. on 2 June 2005.

On Voting Day (2 June), the National Assembly adopted, in their entirety, the Proposal of Amendments to the Constitutional Charter of the State Union of Serbia and Montenegro, with its associated Bill on the Implementation of Amendments I and II to the Constitutional Charter of the State Union of Serbia and Montenegro and the Bill Amending and Modifying the Excise Act.

As the National Assembly had discussed and voted on all items from the agenda, Mr Markovic concluded the Fifth Extraordinary Session of the National Assembly of the Republic of Serbia in 2005.