{"id":"C2004A04327","name":"Asian Development Fund Act 1992","slug":"asian-development-fund-act-1992","collection":"act","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":"36 of 1992","makingDate":null,"administeringDepartment":null,"currentVersion":{"id":7689,"registerId":"commonwealth-C2004A04327-current","compilationNumber":null,"startDate":"2026-03-30","status":"Repealed","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"Asian Development Fund Act 1992","content":"![](image.001.png)\n\nAsian Development Fund Act 1992\n\nNo. 36 of 1992\n\n![](image.003.png)![](image.002.png)An Act to authorise a further contribution by Australia to the Asian Development Bank for the purposes of the Asian Development Fund\n\n\\[Assented to 5 June 1992\\]\n\nThe Parliament of Australia enacts:\n\nShort title\n\n1. This Act may be cited as the Asian Development Fund Act 1992.\n\nCommencement\n\n2. This Act commences on the day on which it receives the Royal Assent.\n\nInterpretation\n\n3. In this Act:\n\n\"Bank\" means the Asian Development Bank.\n\nContribution to Asian Development Fund\n\n4\\. The Minister may, on Australia's behalf, notify the Bank of Australia's intention to contribute to the Bank, for the purposes of the Asian Development Fund, amounts totalling not more than $350,000,000.\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 subsection (1) must be:\n\n(a) payable to the Bank; and\n\n(b) non-negotiable and non-interest-bearing; and\n\n(c) payable at its par value on demand.\n\nAppropriation\n\n6\\. The money necessary to make any payment under a notice given under section 4, including a payment under a promissory note issued under section 5, is to be paid out of the Consolidated Revenue Fund, which is appropriated accordingly.\n\n![](image.004.png)\\[Minister's second reading speech made in—\n\nHouse of Representatives on 27 February 1992\n\nSenate on 30 April 1992\\]","sortOrder":0}],"analysis":{"kimi_summary":{"_metrics":{"model":"kimi-k2.5","source":"moonshot-batch","completionTokens":1252},"content_quality":"ok","complexity_score":1,"scope_assessment":{"changed":false,"description":"The legislation maintains its original narrow scope: authorising a specific financial contribution to the Asian Development Fund. No amendments or provisions extend beyond this single purpose."},"complexity_factors":["Only 6 sections with no subsections beyond (1) and (2)","Single defined term ('Bank')","No cross-references to other Acts or complex conditional logic","Straightforward linear structure: authorise contribution → specify payment method → appropriate funds"],"plain_english_summary":"This law authorises Australia to make a **$350 million** contribution to the **Asian Development Bank** for its **Asian Development Fund**, which finances development projects across Asia and the Pacific.\n\n**How it works:**\n- The **Minister** can officially notify the Bank that Australia intends to pay up to $350 million\n- The **Treasurer** can issue **promissory notes** (essentially government IOUs) to make the payments. These notes must be:\n  - Payable only to the Bank\n  - Non-negotiable (can't be transferred to other parties)\n  - Interest-free\n  - Paid in full whenever the Bank requests it\n- The money comes from the **Consolidated Revenue Fund** (Australia's main government bank account), which this Act automatically appropriates for this purpose\n\n**Why it exists:**\nThis allows Australia to fulfil its international commitment to support economic and social development in the Asia-Pacific region through the Asian Development Bank's concessional lending arm."}},"importantCases":[],"_links":{"self":"/api/acts/asian-development-fund-act-1992","history":"/api/acts/asian-development-fund-act-1992/history","analysis":"/api/acts/asian-development-fund-act-1992/analysis","conflicts":"/api/acts/asian-development-fund-act-1992/conflicts","importantCases":"/api/acts/asian-development-fund-act-1992/important-cases","documents":"/api/acts/asian-development-fund-act-1992/documents"}}