7Privileges and immunities of other persons connected with Bank

7 Privileges and immunities of other persons connected with Bank

(1) A person who is serving on a committee, or is participating in the work, of the Bank or is performing, whether alone or jointly with other persons, a mission on behalf of the Bank has the privileges and immunities specified in paragraphs 2, 2A and 5 of Part I of the Fifth Schedule to the Act. (2) The salary and emoluments received from the Bank by a person on whom privileges and immunities are conferred by subregulation (1), being a resident of Australia within the meaning of the Income Tax Assessment Act 1936, are not, to the extent to which they are for services rendered in Australia, exempt from taxation unless the person is not an Australian citizen and came to Australia solely for the purpose of serving on a committee, or participating in the work, of the Bank or performing a mission on behalf of the Bank. (3) A person who has served on a committee, or participated in the work, of the Bank or performed a mission on behalf of the Bank has the immunities specified in Part II of the Fifth Schedule to the Act.