{"id":"C2004A01963","name":"Asian Development Fund Act 1978","slug":"asian-development-fund-act-1978","collection":"act","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":"164 of 1978","makingDate":null,"administeringDepartment":null,"currentVersion":{"id":6626,"registerId":"commonwealth-C2004A01963-current","compilationNumber":null,"startDate":"2026-03-30","status":"Repealed","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"Asian Development Fund Act 1978","content":"ASIAN DEVELOPMENT FUND ACT 1978\n\nNo. 164 of 1978\n\nAn Act to authorize a further contribution by Australia to the Asian Development Bank for the purposes of the Asian Development Fund.\n\nBE IT ENACTED by the Queen, and the Senate and House of Representatives of the Commonwealth of Australia, as follows:\n\nShort title\n\n1. This Act may be cited as the Asian Development Fund Act 1978.\n\nCommencement\n\n2. This Act shall come into operation on the day on which it receives the Royal Assent.\n\nInterpretation\n\n3. In this Act, “Bank” means the Asian Development Bank.\n\nContribution to Asian Development Fund\n\n4. The Minister may, on behalf of the Commonwealth, notify the Bank of the intention of Australia to contribute to the Bank, for the purposes of the Asian Development Fund, amounts not exceeding in the aggregate $96,819,695.\n\nIssue of promissory notes\n\n5. (1) For the purposes of the payment of the contribution notified by the Minister under section 4, the Treasurer may, on behalf of the Commonwealth, execute and issue to the Bank promissory notes.\n\n(2) A promissory note issued under sub-section (1)—\n\n(a) shall be payable to the Bank;\n\n(b) shall be non-negotiable and non-interest-bearing; and\n\n(c) shall be payable at its par value on demand.\n\nAppropriation\n\n6. The moneys necessary for the purpose of making any payment that is to be made by Australia in pursuance of a notification under section 4, including a payment under a promissory note issued under section 5, shall be paid out of the Consolidated Revenue Fund, which is appropriated accordingly.\n\n![](image.001.png)","sortOrder":0}],"analysis":{"kimi_summary":{"_metrics":{"model":"kimi-k2.5","source":"moonshot-batch","completionTokens":1515},"content_quality":"ok","complexity_score":1,"scope_assessment":{"changed":false,"description":"The legislation remains tightly focused on its original purpose of authorizing a specific financial contribution to the Asian Development Fund. The scope has not expanded beyond the single appropriation and payment mechanism outlined in the long title."},"complexity_factors":["Only 6 sections total","Single defined term ('Bank') in the interpretation section","No cross-references to other Acts or complex statutory instruments","No exceptions, conditions, or nested logic structures","Straightforward single-purpose appropriation mechanism"],"plain_english_summary":"This Act authorises the Australian Government to contribute up to $96,819,695 to the Asian Development Fund (managed by the Asian Development Bank) and appropriates that amount from the Consolidated Revenue Fund. The Minister may notify the Bank and the Treasurer may issue non‑negotiable, non‑interest, payable‑on‑demand promissory notes to make payment. It affects Australian taxpayers and supports development projects across Asia‑Pacific, fulfilling Australia’s multilateral financing commitments."}},"importantCases":[],"_links":{"self":"/api/acts/asian-development-fund-act-1978","history":"/api/acts/asian-development-fund-act-1978/history","analysis":"/api/acts/asian-development-fund-act-1978/analysis","conflicts":"/api/acts/asian-development-fund-act-1978/conflicts","importantCases":"/api/acts/asian-development-fund-act-1978/important-cases","documents":"/api/acts/asian-development-fund-act-1978/documents"}}