Inter-American Development Bank (Privileges and Immunities) Regulations 2003 (Cth)

Inter-American Development Bank (Privileges and Immunities) Regulations 2003

Statutory Rules 2003 No. 2301

I, PHILIP MICHAEL JEFFERY, Governor-General of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, make the following Regulations under the International Organisations (Privileges and Immunities) Act 1963.

Dated 27 August 2003

P. M. JEFFERY

Governor-General

By His Excellency’s Command

ALEXANDER DOWNER

Minister for Foreign Affairs

    

1Name of Regulations

These Regulations are the Inter-American Development Bank (Privileges and Immunities) Regulations 2003.

2Commencement

These Regulations commence on gazettal.

3Interpretation

In these Regulations:

Act means the International Organisations (Privileges and Immunities) Act 1963.

IDB means the Inter-American Development Bank established by the Agreement Establishing the Inter-American Development Bank on 30 December 1959.

4IDB to have juridical personality and legal capacities

For subsection 12A (2) of the Act, the IDB:

1. (a)

   is a body corporate with perpetual succession; and

2. (b)

   is capable, in its corporate name:

   1. (i)

      of entering into contracts; and

   2. (ii)

      of acquiring, holding and disposing of real and personal property; and

   3. (iii)

      of instituting legal proceedings.

Note

1. Notified in the Commonwealth of Australia Gazette