Document ID: chunk:federal_register_of_legislation:C2004A00031:section:4
Version: federal_register_of_legislation:C2004A00031
Segment Type: section
Provision Reference: s 4
Character Range: 1016–2132

4  Interpretation
 (1) In this Act, unless the contrary intention appears:
Administration means the Administration or Government of Papua New Guinea.
guarantee means the guarantee by the Commonwealth under subsection 5(1), and includes any agreement entered into for the purposes of that guarantee.
loan agreement means the agreement to which the guarantee relates.
 (2) For the purposes of this Act, an amount of foreign currency, other than the currency of the United States of America, is, at a specified time, equivalent to Twenty million dollars in the currency of the United States of America if, at that time, that first‑mentioned amount is equivalent to an amount of Australian currency that, at that time, is equivalent to Twenty million dollars in the currency of the United States of America.
 (3) For the purposes of subsection (2), the amount in one currency that, at a specified time, is equivalent to an amount in another currency is the amount determined by the Reserve Bank of Australia, having regard to the exchange rates of that bank for Australian Government transactions, to be so equivalent.