Commonwealth Numbered Acts

PAPUA NEW GUINEA LOAN (INTERNATIONAL BANK) ACT 1974 No. 87, 1974 - SECT 7

7. Notwithstanding anything in any law of Australia or of a State or
Territory, whether passed or made before or after the commencement of this
Act-

   (a)  all moneys payable as mentioned in Section 5.01 of the Guarantee
        Agreement shall be paid without deduction for, and free from, all
        taxes, as mentioned in that Section;

   (b)  the documents referred to in Section 5.02 of the Guarantee Agreement
        shall be free from all taxes, as mentioned in that Section;

   (c)  all moneys payable as mentioned in Section 5.03 of the Guarantee
        Agreement shall be paid free from all restrictions, regulations,
        controls and moratoria, as mentioned in that Section;

   (d)  all moneys payable as mentioned in Section 6.01 of the Loan Agreement
        shall be paid without deduction for, and free from, all taxes, as
        mentioned in that Section;

   (e)  the documents referred to in Section 6.02 of the Loan Agreement shall
        be free from all taxes, as mentioned in that Section; and

   (f)  all moneys payable as mentioned in Section 6.03 of the Loan Agreement
        shall be paid free from all restrictions, regulations, controls and
        moratoria, as mentioned in that Section.

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