Commonwealth Consolidated Acts

MULTILATERAL INVESTMENT GUARANTEE AGENCY ACT 1997 - SECT 5

             (1)  To the extent to which the Agency is prepared to accept from Australia, in lieu of any payment that Australia is required to make to the Agency, promissory notes or other obligations issued by Australia, the Treasurer may authorise the issue of securities.

             (2)  Securities issued under subsection (1):

                     (a)  must be payable to the Agency; and

                     (b)  must be non-negotiable and non-interest bearing.