{"id":"C2004A02352","name":"International Monetary Agreements (Quota Increase) Act 1980","slug":"international-monetary-agreements-quota-increase-act-1980","collection":"act","jurisdiction":"commonwealth","status":"in_force","isInForce":true,"actNumber":"151 of 1980","makingDate":null,"administeringDepartment":null,"currentVersion":{"id":25216,"registerId":"commonwealth-C2004A02352-current","compilationNumber":null,"startDate":"2026-04-01","status":"InForce","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"International Monetary Agreements (Quota Increase) Act 1980","content":"---\nmeta-content-style-type: text/css\nmeta-content-type: application/xhtml+xml; charset=utf-8\ntitle: International Monetary Agreements (Quota Increase) Act 1980\n---\n\n?xml version=\"1.0\" encoding=\"utf-8\" standalone=\"no\"?>\n\n![Commonwealth Coat of Arms of Australia](image.001.png)\n\nInternational Monetary Agreements (Quota Increase) Act 1980\n\nNo. 151, 1980\n\nCompilation No. 1\n\nCompilation date: 10 July 2024\n\nIncludes amendments: No. 67, 2024\n\nRegistered: 26 July 2024\n\nAbout this compilation\n\nThis compilation\n\nThis is a compilation of the International Monetary Agreements (Quota Increase) Act 1980 that shows the text of the law as amended and in force on 10 July 2024 (the compilation date).\n\nThe notes at the end of this compilation (the endnotes) include information about amending laws and the amendment history of provisions of the compiled law.\n\nUncommenced amendments\n\nThe effect of uncommenced amendments is not shown in the text of the compiled law. Any uncommenced amendments affecting the law are accessible on the Register (www.legislation.gov.au). The details of amendments made up to, but not commenced at, the compilation date are underlined in the endnotes. For more information on any uncommenced amendments, see the Register for the compiled law.\n\nApplication, saving and transitional provisions for provisions and amendments\n\nIf the operation of a provision or amendment of the compiled law is affected by an application, saving or transitional provision that is not included in this compilation, details are included in the endnotes.\n\nEditorial changes\n\nFor more information about any editorial changes made in this compilation, see the endnotes.\n\nModifications\n\nIf the compiled law is modified by another law, the compiled law operates as modified but the modification does not amend the text of the law. Accordingly, this compilation does not show the text of the compiled law as modified. For more information on any modifications, see the Register for the compiled law.\n\nSelf‑repealing provisions\n\nIf a provision of the compiled law has been repealed in accordance with a provision of the law, details are included in the endnotes.\n\n \n\n \n\n \n\nContents\n\n1 Short title\n\n2 Commencement\n\n4 Consent to increase of quota\n\n5 Issue of securities\n\nEndnotes\n\nEndnote 1—About the endnotes\n\nEndnote 2—Abbreviation key\n\nEndnote 3—Legislation history\n\nEndnote 4—Amendment history\n\nAn Act relating to the International Monetary Fund\n\n1  Short title\n\n  This Act may be cited as the International Monetary Agreements (Quota Increase) Act 1980.\n\n2  Commencement\n\n  This Act shall come into operation on the day on which it receives the Royal Assent.\n\n4  Consent to increase of quota\n\n  The giving of consent by Australia to the increase of its quota in the International Monetary Fund to 1,185,000,000 special drawing rights is approved.\n\n5  Issue of securities\n\n  Section 7 of the International Monetary Agreements Act 1947 applies to any payment to be made by Australia by reason of the increase of its quota in the International Monetary Fund referred to in section 4 as it applies to payments under that Act.\n\nEndnotes\n\nEndnote 1—About the endnotes\n\nThe endnotes provide information about this compilation and the compiled law.\n\nThe following endnotes are included in every compilation:\n\nEndnote 1—About the endnotes\n\nEndnote 2—Abbreviation key\n\nEndnote 3—Legislation history\n\nEndnote 4—Amendment history\n\nAbbreviation key—Endnote 2\n\nThe abbreviation key sets out abbreviations that may be used in the endnotes.\n\nLegislation history and amendment history—Endnotes 3 and 4\n\nAmending laws are annotated in the legislation history and amendment history.\n\nThe legislation history in endnote 3 provides information about each law that has amended (or will amend) the compiled law. The information includes commencement details for amending laws and details of any application, saving or transitional provisions that are not included in this compilation.\n\nThe amendment history in endnote 4 provides information about amendments at the provision (generally section or equivalent) level. It also includes information about any provision of the compiled law that has been repealed in accordance with a provision of the law.\n\nEditorial changes\n\nThe Legislation Act 2003 authorises First Parliamentary Counsel to make editorial and presentational changes to a compiled law in preparing a compilation of the law for registration. The changes must not change the effect of the law. Editorial changes take effect from the compilation registration date.\n\nIf the compilation includes editorial changes, the endnotes include a brief outline of the changes in general terms. Full details of any changes can be obtained from the Office of Parliamentary Counsel.\n\nMisdescribed amendments\n\nA misdescribed amendment is an amendment that does not accurately describe how an amendment is to be made. If, despite the misdescription, the amendment can be given effect as intended, then the misdescribed amendment can be incorporated through an editorial change made under section 15V of the Legislation Act 2003.\n\nIf a misdescribed amendment cannot be given effect as intended, the amendment is not incorporated and “(md not incorp)” is added to the amendment history.\n\n \n\nEndnote 2—Abbreviation key\n\n| ad = added or inserted | o = order(s) |\n| --- | --- |\n| am = amended | Ord = Ordinance |\n| amdt = amendment | orig = original |\n| c = clause(s) | par = paragraph(s)/subparagraph(s) |\n| C[x] = Compilation No. x | /sub‑subparagraph(s) |\n| Ch = Chapter(s) | pres = present |\n| def = definition(s) | prev = previous |\n| Dict = Dictionary | (prev…) = previously |\n| disallowed = disallowed by Parliament | Pt = Part(s) |\n| Div = Division(s) | r = regulation(s)/rule(s) |\n| ed = editorial change | reloc = relocated |\n| exp = expires/expired or ceases/ceased to have | renum = renumbered |\n| effect | rep = repealed |\n| F = Federal Register of Legislation | rs = repealed and substituted |\n| gaz = gazette | s = section(s)/subsection(s) |\n| LA = Legislation Act 2003 | Sch = Schedule(s) |\n| LIA = Legislative Instruments Act 2003 | Sdiv = Subdivision(s) |\n| (md) = misdescribed amendment can be given | SLI = Select Legislative Instrument |\n| effect | SR = Statutory Rules |\n| (md not incorp) = misdescribed amendment | Sub‑Ch = Sub‑Chapter(s) |\n| cannot be given effect | SubPt = Subpart(s) |\n| mod = modified/modification | underlining = whole or part not |\n| No. = Number(s) | commenced or to be commenced |\n\n\n \n\nEndnote 3—Legislation history\n\n \n\n| Act | Number and year | Assent | Commencement | Application, saving and transitional provisions |\n| --- | --- | --- | --- | --- |\n| International Monetary Agreements (Quota Increase) Act 1980 | 151, 1980 | 19 Sept 1980 | 19 Sept 1980 (s 2) |  |\n| Treasury Laws Amendment (Delivering Better Financial Outcomes and Other Measures) Act 2024 | 67, 2024 | 9 July 2024 | Sch 4 (item 29): 10 July 2024 (s 2(1) item 8) | — |\n\n\n \n\nEndnote 4—Amendment history\n\n \n\n| Provision affected | How affected |\n| --- | --- |\n| s 3..................... | rep No 64, 2024 |\n\n \n","sortOrder":0}],"analysis":{"flash_summary_failed":{"failed":true,"reason":"Unauthenticated. Configure AI_GATEWAY_API_KEY or use a provider module. Learn more: https://ai-sdk.dev/unauthenticated-ai-gateway","source":"analysis-cron"},"kimi_summary":{"content_quality":"ok","complexity_score":1,"scope_assessment":{"changed":false,"description":"The legislation remains tightly focused on its original purpose: approving a specific quota increase to the IMF in 1980. The 2024 amendment merely removed section 3 (likely an obsolete provision), without expanding the scope or purpose of the Act."},"complexity_factors":["Only 4 operative sections (one recently repealed)","No defined terms section","Single cross-reference to the International Monetary Agreements Act 1947","No conditional logic or exceptions","Straightforward declaratory language ('is approved')","Total length is approximately 200 words of substantive law"],"plain_english_summary":"This short Act gives Parliament’s formal approval for Australia to increase its IMF quota to 1,185,000,000 special drawing rights, authorising the government to make the larger contribution and use existing payment mechanisms under the 1947 International Monetary Agreements Act.  \n\nIt primarily affects the Australian Government/Treasury and, indirectly, taxpayers. Section 3 was repealed in 2024, leaving the remaining provisions to enable the payment and maintain Australia’s IMF membership rights."},"flash_summary":{"complexity_score":3,"scope_assessment":{"changed":true,"description":"The Act’s primary scope—approving Australia’s consent to the IMF quota increase (s 4) and directing that payments be handled under s 7 of the International Monetary Agreements Act 1947 (s 5)—remains. However, the compilation shows a repeal of section 3 by an amending law (Endnote 4: “s 3 rep No 64, 2024”), indicating at least one change to the original text. The repeal may affect related incidental provisions (not reproduced here), so the statute’s textual scope has been altered from the original enactment; core operational effect is unchanged per ss 4–5."},"complexity_factors":["Short, single-purpose statute: core effect limited to approval of a specific IMF quota increase (s 4).","Cross‑reference to another Act: s 5 applies section 7 of the International Monetary Agreements Act 1947 to payments here, requiring users to consult that earlier Act to understand funding and securities issuance procedures.","Fiscal consequence hidden in cross‑reference: the Act itself does not set funding mechanics or limits; those are in the 1947 Act, creating practical dependency.","Use of a denomination defined elsewhere: the quota is expressed in special drawing rights (SDRs), a technical IMF unit that requires external reference to value and operational rules.","Amendment history and repeals: endnotes show a repeal (s 3 repealed by No 64, 2024) and later amendments recorded (Endnotes 3–4), so historical text may differ from original Parliament’s version.","Commencement tie: s 2 fixes commencement to Royal Assent — timing matters for when payment obligations arise.","Compilation metadata and uncommenced amendments: endnotes warn of uncommenced or modified provisions external to the text, requiring users to check the Register for current operative detail."],"plain_english_summary":"This Act approves Australia’s consent to increase its International Monetary Fund quota to 1,185,000,000 special drawing rights (SDRs) and provides that section 7 of the International Monetary Agreements Act 1947 applies to any payment arising from that increase. It takes effect on the day it received Royal Assent. It matters because it authorises the Commonwealth to meet the IMF quota increase and ties any payment method to the existing 1947 Act mechanisms."}},"importantCases":[],"_links":{"self":"/api/acts/international-monetary-agreements-quota-increase-act-1980","history":"/api/acts/international-monetary-agreements-quota-increase-act-1980/history","analysis":"/api/acts/international-monetary-agreements-quota-increase-act-1980/analysis","conflicts":"/api/acts/international-monetary-agreements-quota-increase-act-1980/conflicts","importantCases":"/api/acts/international-monetary-agreements-quota-increase-act-1980/important-cases","documents":"/api/acts/international-monetary-agreements-quota-increase-act-1980/documents"}}