ASIAN DEVELOPMENT FUND ACT 1976 NO. 146, 1976 

ASIAN DEVELOPMENT FUND ACT 1976 NO. 146, 1976 
- TABLE OF PROVISIONS

1. Short title.  
2. Commencement.  
3. Interpretation.  
4. Contribution to Asian Development Fund.  
5. Issue of promissory notes.  
6. Appropriation.  

ASIAN DEVELOPMENT FUND ACT 1976 No. 146 of 1976
- SECT 1
Short title.

                      ASIAN  DEVELOPMENT  FUND  ACT  1976

                                No. 146 of 1976
An Act to Authorize a further contribution by Australia to the Asian
Development Bank for the purposes of the Asian Development Fund.

  BE  IT  ENACTED by the Queen, and the Senate and House of Representatives of
the Commonwealth of Australia, as follows:-
  1. This Act may be cited as the Asian Development Fund Act 1976.*1*

ASIAN DEVELOPMENT FUND ACT 1976 No. 146 of 1976
- SECT 2
Commencement.

  2. This Act shall come into operation on the day on which it receives the
Royal Assent.*1*

ASIAN DEVELOPMENT FUND ACT 1976 No. 146 of 1976
- SECT 3
Interpretation.

  3. In this Act, ''Bank'' means the Asian Development Bank.

ASIAN DEVELOPMENT FUND ACT 1976 No. 146 of 1976
- SECT 4
Contribution to Asian Development Fund.

  4. The Minister may, on behalf of the Commonwealth, notify the Bank of the
intention of Australia to contribute to the Bank, for the purposes of the
Asian Development Fund, amounts not exceeding in the aggregate $30,730,586.

ASIAN DEVELOPMENT FUND ACT 1976 No. 146 of 1976
- SECT 5
Issue of promissory notes.

  5. (1) For the purposes of the payment of the contribution notified by the
Minister under section 4, the Treasurer may, on behalf of the Commonwealth,
execute and issue to the Bank promissory notes.
  (2) A promissory note issued under sub-section (1)-

  (a)  shall be payable to the Bank;

  (b)  shall be non-negotiable and non-interest-bearing; and

  (c)  shall be payable at its par value on demand.

ASIAN DEVELOPMENT FUND ACT 1976 No. 146 of 1976
- SECT 6
Appropriation.

  6. The moneys necessary for the purpose of making any payment that is to be
made by Australia in pursuance of a notification under section 4, including a
payment under a promissory note issued under section 5, shall be paid out of
the Consolidated Revenue Fund, which is appropriated accordingly.
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ASIAN DEVELOPMENT FUND ACT 1976 No. 146 of 1976 - NOTE

                                      NOTE
1.  Act No. 146, 1976; assented to 9 December 1976.