Document ID: chunk:federal_register_of_legislation:C2024C00305:section:7:p1
Version: federal_register_of_legislation:C2024C00305
Segment Type: section
Provision Reference: s 7 (pt 1/2)
Character Range: 4332–7248

7  Annual Report
 (1) As soon as practicable after the end of each financial year the Treasurer shall prepare and cause to be laid before each House of the Parliament a report on the operations of this Act during that financial year.
 (2) Without limiting the generality of subsection (1), the report shall include:
 (a) a statement of the terms and conditions of any agreement or agreements made by the Treasurer with the Bank for the purchase by Australia of any additional shares under this Act; and
 (b) a statement describing the nature and extent of Australia's participation as a member of the Bank and the affiliates during that year; and
 (c) an assessment of the managerial efficiency, and financial and economic effectiveness, of the Bank in carrying out its purposes as provided for in Article 1 of the Bank Agreement; and
 (d) an assessment of the managerial efficiency, and financial and economic effectiveness, of the Association in carrying out its purposes as provided for in Article 1 of the Articles of Agreement set out in the Schedule of the International Development Association Act 1960; and
 (e) an assessment of the managerial efficiency, and financial and economic effectiveness, of the Corporation in carrying out its purpose as provided for in Schedule 1 of the Articles of Agreement set out in the first Schedule of the International Finance Corporation Act 1955.

Endnotes

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Abbreviation key—Endnote 2
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Legislation history and amendment history—Endnotes 3 and 4
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Editorial changes
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