Document ID: chunk:federal_register_of_legislation:F2015L01734:reg:5
Version: federal_register_of_legislation:F2015L01734
Segment Type: reg
Provision Reference: reg 5
Character Range: 2607–3976

5  Privileges and immunities of officers and employees of the Bank etc.
 (1) The following persons have the privileges and immunities specified in clause 1 of Schedule 2:
 (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.
 (2) The following persons have the privileges and immunities specified in clause 2 of Schedule 2:
 (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.
 (3) Despite subsection (2), the salary, emoluments and expenses received from the Bank by a person:
 (a) on whom privileges and immunities are conferred by subsection (2); and
 (b) who is an Australian resident within the meaning of the Income Tax Assessment Act 1997;
are not, to the extent to which they are for services rendered in Australia, exempt from taxation unless the person:
 (c) is not an Australian citizen; and
 (d) came to Australia solely for the purpose of participating in the work of the Bank or performing a mission or service for the Bank.