International Financial Institutions Legislation Amendment Act 2010 (Cth)

International Financial Institutions Legislation Amendment Act 2010

No. 133, 2010

An Act to amend the law relating to some international financial institutions, and for related purposes

Contents 1 Short title 2 Commencement 3 Schedule(s) Schedule 1—Extra shares in International Bank for Reconstruction and Development International Monetary Agreements Act 1947 Schedule 2—Changes to international agreements Part 1—Articles of Agreement of the International Finance Corporation International Finance Corporation Act 1955 Part 2—Convention establishing the Multilateral Investment Guarantee Agency Multilateral Investment Guarantee Agency Act 1997

International Financial Institutions Legislation Amendment Act 2010 No. 133, 2010

An Act to amend the law relating to some international financial institutions, and for related purposes

[Assented to 24 November 2010]

The Parliament of Australia enacts:

1 Short title This Act may be cited as the International Financial Institutions Legislation Amendment Act 2010.

2 Commencement (1) Each provision of this Act specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.

Commencement information Column 1 Column 2 Column 3 Provision(s) Commencement Date/Details 1. Sections 1 to 3 and anything in this Act not elsewhere covered by this table The day this Act receives the Royal Assent. 24 November 2010 2. Schedule 1 The day after this Act receives the Royal Assent. 25 November 2010 3. Schedule 2, Part 1 The later of: 27 June 2012 (a) the day after this Act receives the Royal Assent; and (paragraph (b) applies) (b) the day the amendment of the Articles of Agreement of the International Finance Corporation, that the Board of Directors of the Corporation recommended, in a report approved on 20 July 2010, that the Board of Governors of the Corporation approve, comes into force for Australia. However, the provision(s) do not commence at all if the event mentioned in paragraph (b) does not occur. The Minister must announce by notice in the Gazette the day that amendment of those Articles of Agreement comes into force for Australia. 4. Schedule 2, Part 2 The later of: 25 November 2010 (a) the day after this Act receives the Royal Assent; and (paragraph (a) applies) (b) the day the amendments of the Convention Establishing the Multilateral Investment Guarantee Agency that were approved by the Council of Governors by the resolution set out in the provision(s) come into force for Australia. The Minister must announce by notice in the Gazette the day those amendments come into force for Australia.