INTERNATIONAL MONETARY AGREEMENTS ACT 1970 

INTERNATIONAL MONETARY AGREEMENTS ACT 1970 
- TABLE OF PROVISIONS

1. Short title [see Note 1]  
2. Commencement [see Note 1]  
3. Consent to increase in quota  
4. Appropriation  
5. Issue of securities  

INTERNATIONAL MONETARY AGREEMENTS ACT 1970
- SECT 1
Short title [see Note 1]

                   This Act may be cited as the International
Monetary Agreements Act 1970.

INTERNATIONAL MONETARY AGREEMENTS ACT 1970
- SECT 2
Commencement [see Note 1]

                   This Act shall come into operation on
the day on which it receives the Royal Assent.

INTERNATIONAL MONETARY AGREEMENTS ACT 1970
- SECT 3
Consent to increase in quota

                   Approval is given to Australia
consenting to Australia's quota in the International Monetary Fund being
increased from Five hundred million United States dollars to Six hundred and
sixty-five million United States dollars. 

INTERNATIONAL MONETARY AGREEMENTS ACT 1970
- SECT 4
Appropriation

                   The moneys required for the purposes of
the making of any payment required to be made by Australia to the International
Monetary Fund by reason of the increase in Australia's quota in that Fund
referred to in the last preceding section are payable out of the Consolidated
Revenue Fund, which is appropriated accordingly. 

INTERNATIONAL MONETARY AGREEMENTS ACT 1970
- SECT 5
Issue of securities

                   Section 7 of the International
Monetary Agreements Act 1947-1968 applies to any payment to the
International Monetary Fund, being a payment referred to in the last preceding
section, as it applies to payments under that Act. 

INTERNATIONAL MONETARY AGREEMENTS ACT 1970
- NOTES

Act No. 25
 of 1970

This
Act was prepared on 
30 November 2001 

Prepared by the Office of
Legislative Drafting,
Attorney-General's Department, 
Canberra

  

  

  

Contents
1............ Short title [see Note 1]....................................................................... 1
2............ Commencement [see Note 1].............................................................. 1
3............ Consent to increase in quota............................................................... 1
4............ Appropriation.................................................................................... 1
5............ Issue of securities............................................................................... 2
Notes                                                                                                           
3
 

An Act relating to a proposed Adjustment of the Quotas of
Members of the International Monetary Fund 
                   WHEREAS the International Monetary Fund
has proposed an adjustment of the quotas of members of the Fund and, in
particular, has proposed that the quota of Australia be increased from Five
hundred million United States dollars to Six hundred and sixty-five
million United States dollars: 
                   BE it therefore enacted by the Queen's
Most Excellent Majesty, the Senate, and the House of Representatives of the
Commonwealth of Australia, as follows: 

INTERNATIONAL MONETARY AGREEMENTS ACT 1970
- NOTES

Notes to the 
International
Monetary Agreements Act 1970

Note 1

Act No. 25, 1970, assented to and commenced 17 June 1970.