International Monetary Agreements Act 1947

As soon as practicable after the end of each financial year the Treasurer shall prepare and cause to be laid before each House of the Parliament a report on the operations of this Act and of the operations, in so far as they relate to Australia, of the Fund Agreement and of the Bank Agreement, during that financial year.

Without limiting the generality of subsection (1), the report must include:

a statement of the relevant financial obligations in relation to the Bank notified in that financial year under subsection 3A(5); and

a statement describing the nature and extent of Australia’s participation as a member of each of the following during that year:

the Bank;

the International Development Association (referred to in the International Development Association Act 1960);

the International Finance Corporation (referred to in the International Finance Corporation Act 1955); and

an assessment of the managerial efficiency, and financial and economic effectiveness, of the Bank in carrying out its purposes as provided for in the Bank Agreement; and

an assessment of the managerial efficiency, and financial and economic effectiveness, of the International Development Association (referred to in the International Development Association Act 1960) in carrying out its purposes as provided for in the Agreement (as defined in that Act); and

an assessment of the managerial efficiency, and financial and economic effectiveness, of the International Finance Corporation (referred to in the International Finance Corporation Act 1955) in carrying out its purpose as provided for in the Agreement (as defined in that Act).