International Bank for Reconstruction and Development (General Capital Increase) Act 1989
5Issue of securities
Start here
Get a plain-English read of 5
Turn the raw legal text into a practical explanation grounded in International Bank for Reconstruction and Development (General Capital Increase) Act 1989.
5 Issue of securities
(1) Subject to subsection (2), section 7 of the International Monetary Agreements Act 1947 applies to any payment to be made by Australia under an agreement made under section 4 of this Act as it applies to payments under that Act. (2) Securities issued for the purposes of this section shall be payable in accordance with the terms and conditions of an agreement under section 4.