International Monetary Agreements Amendment Act 2013 (Cth)

International Monetary Agreements Amendment Act 2013

No. 83, 2013

An Act to amend the International Monetary Agreements Act 1947, and for related purposes

Contents 1 Short title 2 Commencement 3 Schedule(s) Schedule 1—IMF loan agreement 2012 International Monetary Agreements Act 1947

International Monetary Agreements Amendment Act 2013 No. 83, 2013

An Act to amend the International Monetary Agreements Act 1947, and for related purposes

[Assented to 28 June 2013]

The Parliament of Australia enacts:

1 Short title This Act may be cited as the International Monetary Agreements Amendment Act 2013.

2 Commencement This Act commences on the day after this Act receives the Royal Assent.

3 Schedule(s) Each Act that is specified in a Schedule to this Act is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this Act has effect according to its terms.

Schedule 1—IMF loan agreement 2012

International Monetary Agreements Act 1947

1 Section 3 Insert: IMF loan agreement 2012 means the Loan Agreement between Australia and the International Monetary Fund, done at Tokyo on 13 October 2012, as amended by any amendment of the agreement that is notified under subsection 8CAA(3). Note: In 2013, the text of the Agreement was accessible through the Australian Treaties Library on the AustLII website (www.austlii.edu.au).

2 Subsection 6(1) Omit "1911‑1946", substitute "1911".

3 At the end of subsection 6(1) Add: ; or (c) its obligations under the IMF loan agreement 2012.

4 Subsection 6(3) Repeal the subsection.

5 Section 8 (heading) Repeal the heading, substitute:

8 Payments under the Fund Agreement

6 Section 8 Omit "in pursuance of Section 8 of Article V of the Fund Agreement.", substitute: in pursuance of the following provisions of the Fund Agreement: (a) Section 3 of Article III (which deals with payments when quotas are changed); (b) Section 8 of Article V (which deals with charges).