Document ID: chunk:federal_register_of_legislation:C2015A00134:section:8
Version: federal_register_of_legislation:C2015A00134
Segment Type: section
Provision Reference: s 8
Character Range: 5528–6921

8  Privileges and immunities
 (1) The regulations may confer on the Bank such privileges and immunities as are necessary or desirable to give effect to Chapter IX of the Bank Agreement.
 (2) The regulations may confer on the following individuals:
 (a) Governors of the Bank;
 (b) Directors of the Bank;
 (c) Alternate Directors of the Bank;
 (d) the President of the Bank;
 (e) Vice‑Presidents of the Bank;
 (f) other officers and employees of the Bank;
 (g) experts and consultants performing missions or services for the Bank;
such privileges and immunities as are necessary or desirable to give effect to Article 50 of the Bank Agreement.
 (3) The regulations may confer on the following individuals:
 (a) Directors of the Bank;
 (b) Alternate Directors of the Bank;
 (c) the President of the Bank;
 (d) Vice‑Presidents of the Bank;
 (e) other officers and employees of the Bank;
 (f) experts and consultants performing missions or services for the Bank;
such privileges and immunities as are necessary or desirable to give effect to paragraph 2 of Article 51 of the Bank Agreement.
 (4) The privileges and immunities conferred by the regulations are privileges and immunities in relation to the operation of the laws of the Commonwealth and of the laws of the States and Territories.
 (5) This section does not limit the International Organisations (Privileges and Immunities) Act 1963.