Commonwealth Numbered Acts

PAPUA NEW GUINEA LOANS GUARANTEE ACT 1973 No. 124, 1973 - SECT 4

4. (1) In this Act, unless the contrary intention appears-

''guarantee'' means a guarantee under sub-section 5 (1) and includes any
agreement entered into for the purposes of a guarantee;

''Papua New Guinea'' means the Administration or Government of Papua New
Guinea.

(2) For the purposes of this Act, where an amount in foreign currency is
borrowed under an agreement, the equivalent of that amount in Australian
currency is the amount determined by the Reserve Bank of Australia, having
regard to the exchange rates of that bank for Australian Government
transactions, to be so equivalent at the time when the agreement is entered
into.