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International Monetary Agreements (Quota Increase) Act 1980

Act No. 151 of 1980

This Act was prepared on 12 February 2003

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     Interpretation   1
           4     Consent to increase of quota      1
           5     Issue of securities    1

Notes 3

An Act relating to the International Monetary Fund

1  Short title [see Note 1]

            This Act may be cited as the International Monetary Agreements
         (Quota Increase) Act 1980.

2  Commencement [see Note 1]

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

3  Interpretation

            In this Act, unless the contrary intention appears,
         International Monetary Fund means the International Monetary Fund
         referred to in the Articles of Agreement of the International
         Monetary Fund set out in Schedule 1 to the International Monetary
         Agreements Act 1947.

4  Consent to increase of quota

            The giving of consent by Australia to the increase of its quota
         in the International Monetary Fund to 1,185,000,000 special drawing
         rights is approved.

5  Issue of securities

            Section 7 of the International Monetary Agreements Act 1947
         applies to any payment to be made by Australia by reason of the
         increase of its quota in the International Monetary Fund referred
         to in section 4 as it applies to payments under that Act.


Notes to the International Monetary Agreements (Quota Increase) Act 1980

Note 1


Act No. 151, 1980; assented to and commenced 19 September 1980.