Document ID: chunk:federal_register_of_legislation:C2024C00306:section:5
Version: federal_register_of_legislation:C2024C00306
Segment Type: section
Provision Reference: s 5
Character Range: 7591–8084

5  Issue of promissory notes
 (1) The Treasurer may, on behalf of Australia, make promissory notes and issue them to an international body specified in column 1 of an item in the table in section 4, for the purposes of making any payment required to be made by Australia in accordance with an agreement specified in column 2 of the item.
 (2) A promissory note made under subsection (1) is to be:
 (a) non‑negotiable; and
 (b) non‑interest‑bearing; and
 (c) payable at par value upon demand.