Contents

1............ Short title [see Note 1] ........................................................................ 1

2............ Commencement [see Note 1] .............................................................. 1

3............ Interpretation ....................................................................................... 1

4............ Membership of Australia of the Fund and of the Bank ....................... 3

4A......... Participation in Special Drawing Rights Department of Fund ............. 3

5............ Reserve Bank to be depository ............................................................ 3

5A......... Transfers to and from Reserve Bank of special drawing rights ........... 3

5E.......... Exemption of special drawing rights from taxation ............................. 4

6............ Authority to borrow ............................................................................ 4

7............ Issue of securities ................................................................................ 4

8............ Payment of charges ............................................................................. 5

8A......... Appropriation for purposes of Special Drawing Rights Department .. 5

8B......... Appropriation for the purposes of the New Arrangements to Borrow 5

8C......... Financial assistance by Australia in support of Fund programs .......... 5

8CA...... Financial assistance by Australia in support of World Bank or Asian Development Bank programs       7

8D......... Public release and tabling of national interest statement ...................... 8

8E.......... Contents of national interest statement ................................................ 8

8F.......... Inquiry and report by Joint Standing Committee on Foreign Affairs, Defence and Trade         8

9............ Appropriation for Australia to buy extra shares in the Bank ............... 8

10.......... Annual report ...................................................................................... 9

11.......... Regulations ......................................................................................... 9

Schedule 1--Articles of Agreement of the International Monetary Fund               10

Schedule 2--Articles of Agreement of the International Bank for Reconstruction and Development 84

Schedule 3--Resolution of the Board of Governors of the International Bank for Reconstruction and Development                                                                                                       114

Schedule 4--Decision No. 11428-(97/6), dated 27 January 1997, of the Executive Board of the Fund, as amended by Decision No. 14577-(10/35), dated 12 April 2010, of the Executive Board of the Fund                                                                                                                         115

Notes                                                                                                                                            143

 

 

Notes to the International Monetary Agreements Act 1947

Note 1

The International Monetary Agreements Act 1947 as shown in this compilation comprises Act No. 5, 1947 amended as indicated in the Tables below.

For Acts relating to matters connected with the Agreements referred to in the International Monetary Agreements Act 1947 see the following: International Monetary Agreements Act 1959, International Monetary Agreements Act 1960, International Monetary Agreements Act 1965, International Monetary Agreements Act 1970 and the International Monetary Agreements Act 1974.

All relevant information pertaining to application, saving or transitional provisions prior to 22 February 2005 is not included in this compilation. For subsequent information see Table A.

Table of Acts

Act	Number and year	Date of Assent	Date of commencement	Application, saving or transitional provisions
International Monetary Agreements Act 1947	5, 1947	2 Apr 1947	2 Apr 1947
International Monetary Agreements Act 1963	53, 1963	18 Oct 1963	(a)	--
International Monetary Agreements Act 1966	37, 1966	12 Sept 1966	12 Sept 1966	--
International Monetary Agreements Act 1968	130, 1968	9 Dec 1968	Ss. 1-5 and 10: Royal Assent Remainder: 4 Sept 1969 (see Gazette 1969, p. 5199)	Ss. 3(2), 4 and 5
Statute Law Revision Act 1973	216, 1973	19 Dec 1973	31 Dec 1973	Ss. 9(1) and 10
International Monetary Agreements Amendment Act 1978	97, 1978	24 Aug 1978	24 Aug 1978	Ss. 17-20
International Monetary Fund (Quota Increase and Agreement Amendments ) Act 1991	182, 1991	6 Dec 1991	Part 3 (s. 8): 16 Dec 1992 (see Gazette 1993, No. GN50) Remainder: Royal Assent	Ss. 3-7
International Monetary Agreements Amendment Act 1997	127, 1997	15 Sept 1997	15 Sept 1997	--
International Monetary Agreements Amendment Act 1998	28, 1998	17 Apr 1998	17 Apr 1998	--
International Monetary Agreements Amendment Act (No. 1) 2001	1, 2001	2 Mar 2001	Schedule 1: 9 Sept 2009 (see F2009L03357) Remainder: Royal Assent	--
Financial Framework Legislation Amendment Act 2005	8, 2005	22 Feb 2005	S. 4 and Schedule 1 (items 160, 496): Royal Assent	S. 4 and Sch. 1 (item 496) [see Table A]
Statute Law Revision Act 2008	73, 2008	3 July 2008	Schedule 4 (item 351): 4 July 2008	--
International Monetary Agreements Amendment (Financial Assistance) Act 2009	57, 2009	26 June 2009	26 June 2009	--
International Monetary Agreements Amendment Act 2009	82, 2009	10 Sept 2009	10 Sept 2009	Sch. 1 (item 3) [see Table A]
International Monetary Agreements Amendment Act (No. 1) 2010	58, 2010	24 June 2010	Schedule 1: 11 Mar 2011 (see Gazette 2011, No. S43) Remainder: Royal Assent	--
International Financial Institutions Legislation Amendment Act 2010	133, 2010	24 Nov 2010	Schedule 1: 25 Nov 2010	--

(a)     The International Monetary Agreements Act 1963 was repealed by section 3 of the International Monetary Agreements Act 1968 without a date for its commencement having been fixed. Section 3 commenced on 9 December 1968.

Table of Amendments

ad. = added or inserted     am. = amended     rep. = repealed     rs. = repealed and substituted
Provision affected	How affected
Title.....................................	am. No. 28, 1998; No. 57, 2009
S. 3......................................	am. No. 37, 1966
	rs. No. 130, 1968
	am. No. 97, 1978; No. 127, 1997; Nos. 57 and 82, 2009; No. 58, 2010
S. 4......................................	rs. No. 37, 1966
S. 4A...................................	ad. No. 97, 1978
S. 5......................................	am. No. 130, 1968; No. 97, 1978
S. 5A...................................	ad. No. 130, 1968
	rs. No. 97, 1978
	am. No. 127, 1997
Ss. 5B, 5C ..........................	ad. No. 130, 1968
	am. No. 97, 1978
	rep. No. 127, 1997
S. 5D...................................	ad. No. 130, 1968
	rep. No. 97, 1978
S. 5E...................................	ad. No. 130, 1968
	am. No. 216, 1973
S. 6......................................	am. No. 97, 1978; No. 127, 1997; No. 58, 2010
Ss. 7, 8................................	am. No. 97, 1978
S. 8A...................................	ad. No. 130, 1968
	rs. No. 97, 1978
	am. No. 73, 2008
S. 8B...................................	ad. No. 127, 1997
	am. No. 58, 2010
S. 8C...................................	ad. No. 28, 1998
S. 8CA.................................	ad. No. 57, 2009
S. 8D...................................	ad. No. 28, 1998
	am. No. 57, 2009
Ss. 8E, 8F...........................	ad. No. 28, 1998
S. 9......................................	am. No. 97, 1978s
	rep. No. 8, 2005
	ad. No. 133, 2010
S. 11....................................	am. No. 130, 1968
Heading to First Schedule........................................	rep. No. 97, 1978
First Schedule...................	rep. No. 97, 1978
Schedule 1.........................	ad. No. 97, 1978
	am. No. 182, 1991; No. 1, 2001
Heading to Second .......... Schedule	rep. No. 97, 1978
Heading to Schedule 2.....	ad. No. 97, 1978
Heading to Third Schedule........................	rep. No. 97, 1978
Heading to Schedule 3.....	ad. No. 97, 1978
Third Schedule..................	ad. No. 37, 1966
Fourth Schedule................	ad. No. 130, 1968
	rep. No. 97, 1978
Schedule 4.........................	ad. No. 127, 1997
	rs. No. 58, 2010

Table A

Application, saving or transitional provisions

Financial Framework Legislation Amendment Act 2005 (No. 8, 2005)

4  Saving of matters in Part 2 of Schedule 1

             (1)  If:

                     (a)  a decision or action is taken or another thing is made, given or done; and

                     (b)  the thing is taken, made, given or done under a provision of a Part 2 Act that had effect immediately before the commencement of this Act;

then the thing has the corresponding effect, for the purposes of the Part 2 Act as amended by this Act, as if it had been taken, made, given or done under the Part 2 Act as so amended.

             (2)  In this section:

Part 2 Act means an Act that is amended by an item in Part 2 of Schedule 1.

Schedule 1

496  Saving provision--Finance Minister's determinations

If a determination under subsection 20(1) of the Financial Management and Accountability Act 1997 is in force immediately before the commencement of this item, the determination continues in force as if it were made under subsection 20(1) of that Act as amended by this Act.

International Monetary Agreements Amendment Act 2009 (No. 82, 2009)

Schedule 1

3  Application

The amendments made by this Schedule apply in relation to amendments that enter into force for Australia on or after the commencement of this item (regardless of whether the amendments were proposed before, on or after that commencement).