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International Monetary Agreements Amendment (Loans) Bill 2012

2010-2011-2012

 

The Parliament of the

Commonwealth of Australia

 

HOUSE OF REPRESENTATIVES

 

 

 

 

As passed by both Houses

 

 

 

 

 

 

 

 

 

International Monetary Agreements Amendment (Loans) Bill 2012

 

No.      , 2012

 

 

 

 

 

A Bill for an Act to amend the International Monetary Agreements Act 1947 , and for related purposes

   

   



Contents

1............ Short title............................................................................................. 1

2............ Commencement................................................................................... 1

3............ Schedule(s)......................................................................................... 3

Schedule 1—International Monetary Agreements Act 1947                        4

Part 1—Amendments commencing on or after 17 November 2012      4

Part 2—Amendments with later contingent commencement                    6

 



A Bill for an Act to amend the International Monetary Agreements Act 1947 , and for related purposes

The Parliament of Australia enacts:

1   Short title

                   This Act may be cited as the International Monetary Agreements Amendment (Loans) Act 2012 .

2   Commencement

             (1)  Each provision of this Act specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.

 

Commencement information

Column 1

Column 2

Column 3

Provision(s)

Commencement

Date/Details

1.  Sections 1 to 3 and anything in this Act not elsewhere covered by this table

The day this Act receives the Royal Assent.

 

2.  Schedule 1, Part 1

The later of:

(a) 17 November 2012; and

(b) the day after this Act receives the Royal Assent.

 

3.  Schedule 1, Part 2

The later of:

(a) immediately after the commencement of the provision(s) covered by table item 2; and

(b) the start of the day the changes in credit arrangements made by paragraph 1 of Decision No. 15073-(12/1), dated 21 December 2011, of the Executive Board of the International Monetary Fund become effective for Australia.

However, the provision(s) do not commence at all if the event mentioned in paragraph (b) does not occur.

The Minister must announce by notice in the Gazette the day the changes in credit arrangements become effective for Australia.

The notice is not a legislative instrument.

 

Note:          This table relates only to the provisions of this Act as originally enacted. It will not be amended to deal with any later amendments of this Act.

             (2)  Any information in column 3 of the table is not part of this Act. Information may be inserted in this column, or information in it may be edited, in any published version of this Act.

3   Schedule(s)

                   Each Act that is specified in a Schedule to this Act is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this Act has effect according to its terms.