International Monetary Agreements Act 1947

The Consolidated Revenue Fund is appropriated for the purposes of making any payments required to be made by Australia under the New Arrangements to Borrow.

The Treasurer may, by legislative instrument, give notice of an amendment or renewal of the New Arrangements to Borrow by a decision of the Executive Board of the Fund.

References to the New Arrangements to Borrow in this Act only incorporate references to amendments that are set out in the definition of New Arrangements to Borrow in section 3 or notified under this subsection (see paragraph (f) of that definition).

A legislative instrument under subsection (3) commences at the later of the following days or times:

the earliest day or time applicable under subsection 12(1) of the Legislation Act 2003;

the start of the day immediately after the last day on which a resolution referred to in subsection 42(1) of the Legislation Act 2003 disallowing the instrument could be passed.