Federal Register of Legislation - Australian Government

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International Monetary Agreements Act 1965

Authoritative Version
Act No. 24 of 1965 as made
An Act relating to a proposed adjustment of the Quotas of members of the International Monetary Fund.
Administered by: Treasury
Date of Assent 28 May 1965
Date of repeal 17 Oct 2014
Repealed by Omnibus Repeal Day (Autumn 2014) Act 2014
Table of contents.

 

 

 

 

 

International Monetary Agreements Act 1965

 

No. 24, 1965

 

 

 

 

An Act relating to a proposed adjustment of the Quotas of members of the International Monetary Fund

  

  

  



 

 

International Monetary Agreements Act 1965

No. 24, 1965

 

 

 

An Act relating to a proposed adjustment of the Quotas of members of the International Monetary Fund

 [Assented to 28 May 1965]

The Parliament of Australia enacts:

WHEREAS the International Monetary Fund has proposed an adjustment of the quotas of members of the Fund and, in particular, has proposed an increase of One hundred million United States dollars in the quota of Australia:

BE it therefore enacted by the Queen’s Most Excellent Majesty, the Senate, and the House of Representatives of the Commonwealth of Australia, as follows:

1  Short title

                   This Act may be cited as the International Monetary Agreements Act 1965.

2  Commencement

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

3  Consent to increase in quota

                   The approval of the Parliament is hereby given to Australia consenting to an increase of One hundred million United States dollars in the quota of Australia in the International Monetary Fund.

4  Appropriation

                   Any payment required to be made by Australia to the International Monetary Fund by reason of the increase of the quota of Australia in that Fund referred to in the last preceding section shall be paid out of the Consolidated Revenue Fund, which is appropriated accordingly.

5  Issue of securities

                   Section 7 of the International Monetary Agreements Act 1947‑1963 applies to any payment referred to in the last preceding section as it applies to payments under that Act.