International Development Association Act 1960

This Act may be cited as the International Development Association Act 1960.

This Act shall come into operation on the day on which it receives the Royal Assent.

In this Act:

the Agreement means the Articles of Agreement of the International Development Association set out in the Schedule to this Act.

the Association means the International Development Association established under the Agreement.

Approval is hereby given to the acceptance by Australia of membership in the Association.

There may be paid out of the Consolidated Revenue Fund, which is appropriated accordingly, any moneys necessary for the purpose of making any payment required to be made by Australia to the Association by reason of its membership in the Association, including any moneys necessary to redeem a security issued under the next succeeding section.