{"id":"C2004A02710","name":"Asian Development Fund Act 1982","slug":"asian-development-fund-act-1982","collection":"act","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":"151 of 1982","makingDate":null,"administeringDepartment":null,"currentVersion":{"id":7624,"registerId":"commonwealth-C2004A02710-current","compilationNumber":null,"startDate":"2026-03-30","status":"Repealed","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"Asian Development Fund Act 1982","content":"![A.jpg](image.001.jpeg)\n\nAsian Development Fund Act 1982\n\nNo. 151 of 1982\n\nAn Act to authorize a further contribution by Australia to the Asian Development Bank for the purposes of the Asian Development Fund\n\n\\[Assented to 31 December 1982\\]\n\nBE IT ENACTED by the Queen, and the Senate and the 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 1982.\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 Australia, 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 $212,332,030.\n\n  \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.","sortOrder":0}],"analysis":{"kimi_summary":{"_metrics":{"model":"kimi-k2.5","source":"moonshot-batch","completionTokens":1988},"content_quality":"ok","complexity_score":1,"scope_assessment":{"changed":false,"description":"The legislation remains precisely targeted at its original purpose: authorizing a specific financial contribution to the Asian Development Bank. There is no expansion into unrelated policy areas or significant deviation from the initial mandate."},"complexity_factors":["Only 6 short sections with minimal nesting","Single defined term ('Bank') in the interpretation section","No cross-references to other legislation or internal sections","Linear operational structure without conditional logic or exceptions"],"plain_english_summary":"This Act authorizes the Australian Government to contribute up to **$212,332,030** to the **Asian Development Bank** for its **Asian Development Fund**, which finances development projects across Asia.\n\n**How it works:**\n- The **Minister** officially notifies the Bank that Australia intends to make the contribution.\n- The **Treasurer** can issue *promissory notes* (official IOUs) to the Bank instead of transferring cash immediately. These notes are payable on demand, don't earn interest, and cannot be sold to anyone else (*non-negotiable*).\n- All money comes from the **Consolidated Revenue Fund** (the government's main account), which this legislation specifically sets aside for this purpose.\n\n**Why it matters:**\nThis allows Australia to fulfill international commitments to support economic and social development in Asia, using a flexible payment mechanism that lets the government manage cash flow while guaranteeing the funds are available when the Bank needs them."}},"importantCases":[],"_links":{"self":"/api/acts/asian-development-fund-act-1982","history":"/api/acts/asian-development-fund-act-1982/history","analysis":"/api/acts/asian-development-fund-act-1982/analysis","conflicts":"/api/acts/asian-development-fund-act-1982/conflicts","importantCases":"/api/acts/asian-development-fund-act-1982/important-cases","documents":"/api/acts/asian-development-fund-act-1982/documents"}}