International
Fund for Agricultural Development Act 1982
No.
50 of 1982
An Act to
authorize a further contribution by Australia to the International Fund for
Agricultural Development
[Assented to 9 June 1982]
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 Fund for
Agricultural Development Act 1982.
Commencement
2. This Act shall come
into operation on the day on which it receives the Royal Assent.
Interpretation
3. In this Act, “Fund”
means the International Fund for Agricultural Development.
Contribution
to Fund
4. The Minister may, on
behalf of Australia, notify the President of the Fund of the intention of
Australia to contribute to the Fund amounts not exceeding in the aggregate
$8,965,000.
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 Australia,
execute and issue to the Fund promissory notes.
(2) A promissory note
issued under sub-section (1)—
(a)
shall be payable to the Fund;
(b)
shall be non-negotiable and non-interest-bearing; and
(c)
shall be payable at its par value on demand.
Appropriation
6.