INTERNATIONAL DEVELOPMENT ASSOCIATION (FURTHER PAYMENT) ACT 1977 NO. 86, 1977 

INTERNATIONAL DEVELOPMENT ASSOCIATION (FURTHER PAYMENT) ACT 1977 NO. 86, 1977 
- TABLE OF PROVISIONS

1. Short title.  
2. Commencement  
3. Interpretation  
4. Approval of making of further payment  
5. Minister may notify Association of intention to make payment  
6. Issue of securities  
7. Appropriation  

INTERNATIONAL DEVELOPMENT ASSOCIATION (FURTHER PAYMENT) ACT 1977 No. 86 of
1977
- SECT 1
Short title.

        INTERNATIONAL DEVELOPMENT ASSOCIATION (FURTHER PAYMENT) ACT 1977

                                 No. 86 of 1977
An Act to approve the making by Australia of a further Payment to the
International Development Association.

  BE IT ENACTED by the Queen, and the Senate and House of Representatives of
the Commonwealth of Australia, as follows:-
Short title
  1. This Act may be cited as the International Development Association
(Further Payment) Act 1977.*1*

INTERNATIONAL DEVELOPMENT ASSOCIATION (FURTHER PAYMENT) ACT 1977 No. 86 of
1977
- SECT 2
Commencement

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

INTERNATIONAL DEVELOPMENT ASSOCIATION (FURTHER PAYMENT) ACT 1977 No. 86 of
1977
- SECT 3
Interpretation

  3. In this Act, ''Agreement'' and ''Association'' have the same respective
meanings as they have in the International Development Association Act 1960.

INTERNATIONAL DEVELOPMENT ASSOCIATION (FURTHER PAYMENT) ACT 1977 No. 86 of
1977
- SECT 4
Approval of making of further payment

  4. Approval is given to the making by Australia to the Association of a
further payment of an amount not exceeding $133,764,342, of which payment an
amount not exceeding $212,415.77 is by way of an additional subscription to
the Association under Section 1 of Article III of the Agreement.

INTERNATIONAL DEVELOPMENT ASSOCIATION (FURTHER PAYMENT) ACT 1977 No. 86 of
1977
- SECT 5
Minister may notify Association of intention to make payment

  5. The Minister may, on behalf of Australia, notify the Association of the
intention of Australia to make the payment referred to in section 4.

INTERNATIONAL DEVELOPMENT ASSOCIATION (FURTHER PAYMENT) ACT 1977 No. 86 of
1977
- SECT 6
Issue of securities

  6. (1) To the extent to which the Association is prepared to accept from
Australia, in place of a payment under section 4, promissory notes or similar
obligations issued by Australia, the Treasurer may, on behalf of Australia,
execute promissory notes or similar obligations payable to the Association.
  (2) Section 6 of the International Development Association Act 1960 does not
apply to a payment under this Act.

INTERNATIONAL DEVELOPMENT ASSOCIATION (FURTHER PAYMENT) ACT 1977 No. 86 of
1977
- SECT 7
Appropriation

  7. A payment under section 4, and any payment necessary to redeem a security
issued under sub-section 6 (1), shall be made out of the Consolidated Revenue
Fund, which is appropriated accordingly.
------------------------------------------------------------------------------
-- 

INTERNATIONAL DEVELOPMENT ASSOCIATION (FURTHER PAYMENT) ACT 1977 No. 86 of
1977 - NOTE

                                      NOTE
1.  Act No. 86, 1977; assented to 26 August 1977.