International Fund for Agricultural Development Act 1977 (Cth)

International Fund for Agricultural Development Act 1977

No. 90, 1977

An Act relating to the International Fund For Agricultural Development

Contents 1 Short title 2 Commencement 3 Interpretation 4 Approval of Australian membership in the Fund 5 Appropriation 6 Issue of securities Schedule—Agreement establishing the International Fund for Agricultural Development

International Fund for Agricultural Development Act 1977

No. 90, 1977

An Act relating to the International Fund For Agricultural Development

[Assented to 26 October 2000]

The Parliament of Australia enacts:

1 Short title

This Act may be cited as the International Fund for Agricultural Development Act 1977.

2 Commencement

This Act shall come into operation on the day on which it receives the Royal Assent.

3 Interpretation

In this Act:

Agreement means the Agreement establishing the International Fund for Agricultural Development a copy of which is set out in the Schedule.

Fund means the International Fund for Agricultural Development.

4 Approval of Australian membership in the Fund

The membership of Australia in the Fund is approved.

5 Appropriation

There may be paid out of the Consolidated Revenue Fund, which is appropriated accordingly, any moneys necessary for the purpose of: (a) making any payment that Australia is required to make to the Fund in accordance with the Agreement; or (b) redeeming a security issued under section 6.

6 Issue of securities

(1) To the extent to which the fund is prepared to accept from Australia, in place of a payment that Australia is required to make to the Fund, promissory notes or other obligations issued by Australia, the Treasurer may, on behalf of Australia, execute and issue such securities to the Fund.