Commonwealth Consolidated Acts

INTERNATIONAL MONETARY AGREEMENTS ACT 1947 - SECT 3

             (1)  In this Act, unless the contrary intention appears:

"Asian Development Bank" means the Bank referred to in the Asian Development Bank Act 1966 .

"Bank" means the International Bank for Reconstruction and Development referred to in the Bank Agreement.

"Bank Agreement" means the Articles of Agreement of the International Bank for Reconstruction and Development set out in Schedule 2, as amended in accordance with the resolution of the Board of Governors of that Bank set out in Schedule 3 and as amended by any other amendment of the Articles of Agreement that has entered into force for Australia.

"Fund" means the International Monetary Fund referred to in the Fund Agreement.

"Fund Agreement" means the Articles of Agreement of the International Monetary Fund set out in Schedule 1, as amended by any amendment of the Articles of Agreement that has entered into force for Australia.

"New Arrangements to Borrow" means Decision No. 11428-(97/6), dated 27 January 1997, of the Executive Board of the Fund, a copy of which is set out in Schedule 4.

"Reserve Bank" means the Reserve Bank of Australia.

"special drawing rights" means special drawing rights allocated by the Fund under Article XV of the Fund Agreement.

"Special Drawing Rights Department" means the Special Drawing Rights Department maintained by the Fund under the Fund Agreement.

"value" , in relation to special drawing rights, means the amount that is the equivalent in the currency of Australia of the value of the rights as fixed under the Fund Agreement.

"World Bank organisation" means any of the following:

                     (a)  the International Bank for Reconstruction and Development referred to in the Bank Agreement;

                     (b)  the International Development Association (referred to in the International Development Association Act 1960 );

                     (c)  the International Finance Corporation (referred to in the International Finance Corporation Act 1955 );

                     (d)  the Multilateral Investment Guarantee Agency (referred to in the Multilateral Investment Guarantee Agency Act 1997 );

                     (e)  the International Centre for Settlement of Investment Disputes (referred to in the International Centre for Settlement of Investment Disputes (Privileges and Immunities) Regulations 1991 ).