Document ID: chunk:federal_register_of_legislation:F2004C00728:body:0:p3
Version: federal_register_of_legislation:F2004C00728
Segment Type: other
Provision Reference: 
Character Range: 5020–7604

or an insurance policy reinsured by the Agency, that is held by any person or organisation, if:
 (a) the levying of tax would discriminate against that investment or insurance only because it is guaranteed or reinsured by the Agency; or
         (b) the sole jurisdictional basis for the levying of tax is the location of an office or place of business maintained by the Agency.

7 Privileges and immunities of President

 (1) The office of President is a high office in the Agency for subparagraph 6 (1) (b) (i) of the Act.

 (2) Subject to subregulations (4) and (5), a person who holds, or is performing the duties of, the office of President has the privileges and immunities specified in Part I of the Second Schedule to the Act.

 (3) Subject to subregulation (5), a person who has ceased to hold, or perform the duties of, the office of President has the immunities specified in Part II of the Second Schedule to the Act.

 (4) The privileges and immunities conferred on a person under subregulation (2) do not apply to a child of the person if the child:
 (a) has attained the age of 18 years; or
 (b) ceases to be a dependant of the person.

 (5) Subject to subregulation (6), the privileges and immunities conferred on a person by subregulation (2), or the immunities conferred on a person by subregulation (3), do not extend to a person who is an Australian citizen or a permanent resident of Australia.

 (6) Subregulation (5) does not affect immunity from civil or criminal process for actions of a person undertaken in performing the duties of the office of President.

8 Privileges and immunities of representatives attending conferences convened by the Agency

 (1) A person who is accredited to, or attends a conference in Australia convened by the Agency as a representative of a country other than Australia, has the privileges and immunities specified in items 2, 5 and 6 of Part I of the Third Schedule to the Act.

 (2) A person who has ceased to be accredited to, or who has attended a conference convened by the Agency in Australia as a representative of a country other than Australia, has the immunities specified in Part II of the Third Schedule to the Act.

 (3) However, subregulations (1) and (2) do not apply to a person who is an Australian citizen or a person permanently resident in Australia.

9 Privileges and immunities of officers of the Agency

 (1) Subject to subregulations (2) and (6), a person who holds an office in the Agency (other than the office of President) has the privileges and immunities specified in items 1, 2 and 3 of Part I