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International Financial Institutions Legislation Amendment Bill 2010

Schedule 1 Extra shares in International Bank for Reconstruction and Development

   

International Monetary Agreements Act 1947

1  After section 8F

Insert:

9   Appropriation for Australia to buy extra shares in the Bank

                   The Consolidated Revenue Fund is appropriated for the purposes of payments by Australia under one or more agreements that:

                     (a)  are made by the Minister, on behalf of Australia, with the Bank, for Australia to buy a total of not more than 7,128 additional shares of the capital stock of the Bank at a price equivalent to 120,635 United States dollars a share; and

                     (b)  contain terms and conditions determined by the Minister.