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Inter-American Development Bank (Privileges and Immunities) Regulations 2003

  Statutory Rules 2003 No. 2301

I, PHILIP MICHAEL JEFFERY, Governor-General of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, make the following Regulations under the International Organisations (Privileges and Immunities) Act 1963.
Dated 27 August 2003

  P. M. JEFFERY
  Governor-General
  By His Excellency's Command

  ALEXANDER DOWNER
  Minister for Foreign Affairs

1 Name of Regulations

  These Regulations are the Inter-American Development Bank (Privileges and Immunities) Regulations 2003.

2 Commencement

  These Regulations commence on gazettal.

3 Interpretation
In these Regulations:
Act means the International Organisations (Privileges and Immunities) Act 1963.
IDB means the Inter-American Development Bank established by the Agreement Establishing the Inter-American Development Bank on 30 December 1959.

4 IDB to have juridical personality and legal capacities

  For subsection 12A (2) of the Act, the IDB:
 (a) is a body corporate with perpetual succession; and
 (b) is capable, in its corporate name:
 (i) of entering into contracts; and
 (ii) of acquiring, holding and disposing of real and personal property; and
 (iii) of instituting legal proceedings.

Note

1. Notified in the Commonwealth of Australia Gazette on 3 September 2003.