Document ID: chunk:federal_register_of_legislation:C2024C00302:section:3:p1
Version: federal_register_of_legislation:C2024C00302
Segment Type: section
Provision Reference: s 3 (pt 1/2)
Character Range: 3682–6628

3  Interpretation
  In this Act, unless the contrary intention appears:
Bank means the International Bank for Reconstruction and Development.
Bank Agreement means the Articles of Agreement of the International Bank for Reconstruction and Development, done at Washington on 27 December 1945, as in force for Australia from time to time.
Note: The Articles of Agreement of the International Bank for Reconstruction and Development are in Australian Treaty Series 1947 No. 15 ([1947] ATS 15) and could in 2024 be viewed in the Australian Treaties Library on the AustLII website (http://www.austlii.edu.au).
Fund means the International Monetary Fund.
Fund Agreement means the Articles of Agreement of the International Monetary Fund, done at Washington on 27 December 1945, as in force for Australia from time to time.
Note: The Articles of Agreement of the International Monetary Fund are in Australian Treaty Series 1947 No. 11 ([1947] ATS 11) and could in 2024 be viewed in the Australian Treaties Library on the AustLII website (http://www.austlii.edu.au).
Investment Disputes Convention means the Convention on the Settlement of Investment Disputes between States and Nationals of Other States signed by Australia on 24 March 1975, the English text of which is set out in Schedule 3 to the International Arbitration Act 1974.
New Arrangements to Borrow means Decision No. 11428‑(97/6), dated 27 January 1997, of the Executive Board of the Fund, as amended and renewed by the following decisions of the Executive Board of the Fund:
 (a) Decision No. 14577‑(10/35), dated 12 April 2010;
 (b) Decision No. 15014‑(11/110), dated 16 November 2011;
 (c) Decision No. 15073‑(12/1), dated 21 December 2011;
 (d) Decision No. 16079‑(16/99), dated 4 November 2016;
 (e) Decision No. 16645‑(20/5), dated 16 January 2020;
 (f) any other decision of the Executive Board of the Fund that is notified under subsection 8B(3).
Note: The decision referred to in paragraph (d) is in Australian Treaty Series 2017 No. 42 ([2017] ATS 42) and could in 2019 be viewed in the Australian Treaties Library on the AustLII website (http://www.austlii.edu.au).
Reserve Bank means the Reserve Bank of Australia.
special drawing rights means special drawing rights allocated by the Fund under Article XV of the Fund Agreement.
Special Drawing Rights Department means the Special Drawing Rights Department maintained by the Fund under the Fund Agreement.
value, in relation to special drawing rights, means the amount that is the equivalent in the currency of Australia of the value of the rights as fixed under the Fund Agreement.
World Bank organisation means any of the following:
 (a) the International Bank for Reconstruction and Development;
 (b) the International Development Association (referred to in the International Development Association Act 1960);
 (c) the International Finance Corporation (referred to in the International Finance Corporation Act 1955);
 (d)