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Official Development Assistance Multilateral Replenishment Obligations (Special Appropriation) Act 2020
5Issue of promissory notes
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5 Issue of promissory notes
(1) The Treasurer may, on behalf of Australia, make promissory notes and issue them to an international body specified in column 1 of an item in the table in section 4, for the purposes of making any payment required to be made by Australia in accordance with an agreement specified in column 2 of the item. (2) A promissory note made under subsection (1) is to be: (a) non‑negotiable; and (b) non‑interest‑bearing; and (c) payable at par value upon demand.