Federal Register of Legislation - Australian Government

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Asian Development Fund Act 1992

Act No. 36 of 1992 as made
An Act to authorise a further contribution by Australia to the Asian Development Bank for the purposes of the Asian Development Fund
Administered by: Foreign Affairs and Trade
Date of Assent 05 Jun 1992
Date of repeal 23 Mar 2006
Repealed by Statute Law Revision Act 2006
 

ASIAN DEVELOPMENT FUND ACT 1992 No. 36, 1992

ASIAN DEVELOPMENT FUND ACT 1992 No. 36 of 1992 - LONG TITLE

An Act to authorise a further contribution by Australia to the
Asian Development Bank for the purposes of the
Asian Development Fund

ASIAN DEVELOPMENT FUND ACT 1992 No. 36 of 1992 - SECT 1
Short title

(Assented to 5 June 1992)
1. This Act may be cited as the Asian Development Fund Act 1992.

(Minister's second reading speech made in-
House of Representatives on 27 February 1992
Senate on 30 April 1992)

ASIAN DEVELOPMENT FUND ACT 1992 No. 36 of 1992 - SECT 2
Commencement

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

ASIAN DEVELOPMENT FUND ACT 1992 No. 36 of 1992 - SECT 3
Interpretation

3. In this Act:
"Bank" means the Asian Development Bank.

ASIAN DEVELOPMENT FUND ACT 1992 No. 36 of 1992 - SECT 4
Contribution to Asian Development Fund

4. The Minister may, on Australia's behalf, notify the Bank of Australia's intention to contribute to the Bank, for the purposes of the Asian Development Fund, amounts totalling not more than $350,000,000.

ASIAN DEVELOPMENT FUND ACT 1992 No. 36 of 1992 - SECT 5
Issue of promissory notes

5.(1) For the purposes of the payment of the contribution notified by the Minister under section 4, the Treasurer may, on behalf of the Commonwealth, execute and issue to the Bank promissory notes.

(2) A promissory note issued under subsection (1) must be:
(a) payable to the Bank; and
(b) non-negotiable and non-interest-bearing; and
(c) payable at its par value on demand.

ASIAN DEVELOPMENT FUND ACT 1992 No. 36 of 1992 - SECT 6
Appropriation

6. The money necessary to make any payment under a notice given under section 4, including a payment under a promissory note issued under section 5, is to be paid out of the Consolidated Revenue Fund, which is appropriated accordingly.