Commonwealth Consolidated Acts

INTERNATIONAL MONETARY AGREEMENTS ACT 1947 - SECT 3

    In this Act, unless the contrary intention appears:

"Asian Development Bank" means the Bank referred to in the Asian Development Bank Act 1966 .

"Bank" means the International Bank for Reconstruction and Development referred to in the Bank Agreement.

"Bank Agreement" means the Articles of Agreement of the International Bank for Reconstruction and Development set out in Schedule   2, as amended in accordance with the resolution of the Board of Governors of that Bank set out in Schedule   3 and as amended by any other amendment of the Articles of Agreement that has entered into force for Australia .

"Fund" means the International Monetary Fund referred to in the Fund Agreement.

"Fund Agreement" means the Articles of Agreement of the International Monetary Fund set out in Schedule   1 , as amended by any amendment of the Articles of Agreement that has entered into force for Australia .

"Investment Disputes Convention" means the Convention on the Settlement of Investment Disputes between States and Nationals of Other States signed by Australia on 24   March 1975, the English text of which is set out in Schedule   3 to the International Arbitration Act 1974 .

"New Arrangements to Borrow" means Decision No.   11428 - (97/6), dated 27   January 1997, of the Executive Board of the Fund, as amended and renewed by the following decisions of the Executive Board of the Fund:

  (a)   Decision No.   14577 - (10/35), dated 12   April 2010;

  (b)   Decision No.   15014 - (11/110), dated 16   November 2011;

  (c)   Decision No.   15073 - (12/1), dated 21   December 2011 ;

  (d)   Decision No.   16079 - (16/99), dated 4   November 2016 ;

  (e)   Decision No.   16645 - (20/5), dated 16   January 2020;

  (f)   any other decision of the Executive Board of the Fund that is notified under subsection   8B(3).

Note:   The decision referred to in paragraph   ( d) is in Australian Treaty Series 2017 No.   42 ([2017] ATS 42) and could in 2019 be viewed in the Australian Treaties Library on the AustLII website (http://www.austlii.edu.au).

"Reserve Bank" means the Reserve Bank of Australia .

"special drawing rights" means special drawing rights allocated by the Fund under Article XV of the Fund Agreement.

"Special Drawing Rights Department" means the Special Drawing Rights Department maintained by the Fund under the Fund Agreement.

"value" , in relation to special drawing rights, means the amount that is the equivalent in the currency of Australia of the value of the rights as fixed under the Fund Agreement.

"World Bank organisation" means any of the following:

  (a)   the International Bank for Reconstruction and Development referred to in the Bank Agreement;

  (b)   the International Development Association (referred to in the International Development Association Act 1960 );

  (c)   the International Finance Corporation (referred to in the International Finance Corporation Act 1955 );

  (d)   the Multilateral Investment Guarantee Agency (referred to in the Multilateral Investment Guarantee Agency Act 1997 );

  (e)   the International Centre for Settlement of Investment Disputes established by the Investment Disputes Convention .