INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT (SHARE INCREASE) ACT 1988 

INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT (SHARE INCREASE) ACT 1988 
- TABLE OF PROVISIONS

1.   Short title [see Note 1]    
2.   Commencement [see Note 1]    
3.   Interpretation    
4.   Agreements for purchase of additional shares of capital stock of the Bank    
5.   Appropriation and issue of securities    

INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT (SHARE INCREASE) ACT 1988

- LONG TITLE

An Act relating to the purchase of additional shares of the
capital stock of the International Bank for Reconstruction and Development

INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT (SHARE INCREASE) ACT 1988
- SECT 1   Short title [see Note 1] 

 
        This Act may be cited as the International Bank for Reconstruction and
Development (Share Increase) Act 1988.

INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT (SHARE INCREASE) ACT 1988
- SECT 2   Commencement [see Note 1] 

 
        This Act commences on the day on which it receives the Royal Assent.

INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT (SHARE INCREASE) ACT 1988
- SECT 3   Interpretation 

 
        In this Act, unless the contrary intention appears:

"Bank" means the International Bank for Reconstruction and
Development established under the Articles of Agreement set out in Schedule 2
to the International Monetary Agreements Act 1947.

INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT (SHARE INCREASE) ACT 1988
- SECT 4   Agreements for purchase of additional shares of capital stock of the Bank 

        The Treasurer may, on behalf of Australia, make an agreement or agreements,
containing such terms and conditions as the Treasurer determines, with the Bank
for the purchase by Australia of 178 additional shares of the capital stock of
the Bank at a price per share that is the equivalent of 120,635 United States
dollars.

INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT (SHARE INCREASE) ACT 1988
- SECT 5   Appropriation and issue of securities 

 
(1)  There may be paid out of the Consolidated Revenue Fund, which is
appropriated accordingly, the money necessary for the purpose of making any
payment to be made by Australia under an agreement made under section 4.
(2)  Section 7 of the International Monetary Agreements Act 1947 applies
to any payment to be made by Australia under an agreement made under section 4
of this Act as it applies to payments under that Act.

INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT (SHARE INCREASE) ACT 1988

- NOTES

Compilation Information

[GRAPHIC]International Bank for Reconstruction and Development
(Share Increase) Act 1988
Act No. 23 of 1988
This Act was prepared on 14 April 2004
Prepared by the Office of Legislative Drafting,Attorney-General's
Department, Canberra
  
  
  

INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT (SHARE INCREASE) ACT 1988

- NOTES

INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT (SHARE INCREASE) ACT 1988Notes to the International Bank for Reconstruction and Development (Share Increase) Act 1988

 

Note 1
Act No. 23, 1988; assented to and commenced 11 May 1988.