International
Development Association (Special Contribution) Act 1983
No. 88 of 1983
An
Act relating to the making by Australia of a special contribution to the
International Development Association
[Assented to 22 November 1983]
BE IT ENACTED by the Queen, and the
Senate and the House of Representatives of the Commonwealth of Australia, as
follows:
Short
title
1. This Act may be cited
as the International Development
Association (Special Contribution) Act 1983.
Commencement
2. This Act shall come
into operation on the day on which it receives the Royal Assent.
Interpretation
3. In this Act, “the
Association” means the International Development Association established by the
Articles of Agreement of the International Development Association, a copy of
which is set out in the Schedule to the International
Development Association Act 1960.
Approval
of making of special contribution
4. The making by Australia
of a special contribution to the Association of an amount not exceeding
$67,844,000 is approved.
Issue
of promissory notes
5. (1) For the purpose of the payment of the special contribution
referred to in section 4, the Treasurer may, on behalf of Australia, make
promissory notes and issue them to the Association.
(2) A promissory note made
under sub-section (1) shall be—
(a)
payable to the Association;
(b)
non-negotiable and non-interest bearing; and
(c)
made payable at its par value on demand.
(3) Section 6 of the International Development Association Act
1960 does not apply in relation to the payment of the special contribution
referred to in section 4.
Appropriation
6.