Commonwealth Consolidated Acts

INTERNATIONAL MONETARY AGREEMENTS ACT 1959 - SECT 3

The approval of the Parliament is hereby given:

(a)

to Australia consenting to an increase by one-half of the quota of Australia in the International Monetary Fund; and

(b)

to Australia subscribing the shares of the capital stock of the International Bank for Reconstruction and Development that Australia will become entitled to subscribe if the proposal to increase the authorized capital stock of the International Bank for Reconstruction and Development by Ten thousand million United States dollars becomes effective.