Federal Register of Legislation - Australian Government

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SR 1989 No. 284 Regulations as made
Principal Regulations
Administered by: Foreign Affairs and Trade
General Comments: This instrument was backcaptured in accordance with Section 36 of the Legislative Instruments Act 2003
Exempt from sunsetting by the Legislation (Exemptions and Other Matters) Regulation 2015 s11 item 01
Registered 01 Jan 2005
Tabling HistoryDate
Tabled HR21-Nov-1989
Tabled Senate21-Nov-1989
Gazetted 31 Oct 1989

Commonwealth Coat of Arms of Australia

Statutory Rules 1989 No. 2841


Bank for International Settlements

(Privileges and Immunities) Regulations

I, THE GOVERNOR-GENERAL of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, hereby make the following Regulations under the International Organizations (Privileges and Immunities) Act 1963.

Dated 25 October 1989.



By His Excellency’s Command,

John N Button.

Minister of State for Industry, Technology and Commerce, for and on behalf of the

Minister of State for Foreign Affairs

and Trade



1. These Regulations may be cited as the Bank for International Settlements (Privileges and Immunities) Regulations.


2. In these Regulations, unless the contrary intention appears:

Bank” means the Bank for International Settlements;

the Act” means the International Organizations (Privileges and Immunities) Act 1963.

Act to apply to the Bank

3. The Bank is declared to be an international organization to which the Act applies.

Bank to have juridical personality and legal capacities

4. The Bank:

(a) is a body corporate:


(S.R. 321/89)—Cat. No.                                                                                                                     14/11.10.1989


(b) has the capacity to contract; and

(c) is capable, in its corporate name, of acquiring, holding and disposing of real and personal property and of instituting legal proceedings.

Privileges and immunities of the Bank

5. The Bank is exempt from tax on income or gains it derives from investments in Australia, being income or gains that, if it were not so exempt:

(a) would be subject to withholding tax in accordance with subsection 128b (5) of the Income Tax Assessment Act 1936; or

(b) would be included in the assessable income of the Bank in accordance with section 26bb or 26c of that Act.



1. Notified in the Commonwealth of Australia Gazette on 31 October 1989.

Printed by Authority by the Commonwealth Government Printer