Commonwealth Numbered Acts

PAPUA NEW GUINEA LOAN (ASIAN DEVELOPMENT BANK) ACT 1973 No. 25, 1973 - SECT 7

7. Notwithstanding anything in any law of the Commonwealth 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 paragraph 2 of the letter of
        assurances shall be paid without deduction for, and free from, all
        taxes and free from all restrictions as mentioned in that paragraph;

   (b)  the document referred to in paragraph 3 of the letter of assurances
        shall be free from all taxes, as mentioned in that paragraph;

   (c)  the purchase of any currency required as mentioned in paragraph 4 of
        the letter of assurances shall be free from all restrictions as
        mentioned in that paragraph;

   (d)  all moneys payable as mentioned in paragraph (a) of Section 4.09 of
        the Loan Agreement shall be paid without deduction for, and free from,
        any taxes and free from all restrictions as mentioned in that Section;
        and

   (e)  the document referred to in paragraph (b) of Section 4.09 of the Loan
        Agreement shall be free from any taxes, as mentioned in that Section.

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