Document ID: chunk:federal_register_of_legislation:C2015A00134:section:3
Version: federal_register_of_legislation:C2015A00134
Segment Type: section
Provision Reference: s 3
Character Range: 3208–3962

3  Simplified outline of this Act

         • This Act facilitates Australia's membership of the Asian Infrastructure Investment Bank.
         • Australia may make a payment to the Bank:
             (a) if Australia is required to make the payment by way of subscription to shares in the Bank; or
             (b) if Australia is otherwise required to make the payment in accordance with the Bank Agreement.
         • The Minister may, on behalf of Australia, make promissory notes and issue them to the Bank.
         • Regulations may confer privileges and immunities on:
             (a) the Bank; and
             (b) officers and employees of the Bank; and
             (c) experts and consultants performing missions or services for the Bank.