International Bank for Reconstruction and Development (General Capital Increase) Act 1989

The International Bank for Reconstruction and Development (General Capital Increase) Act 1989 is a federal law that enables Australia to purchase additional shares in the capital stock of the International Bank for Reconstruction and Development. The Act was enacted on March 16, 1989, and it commences on the day it receives Royal Assent.

The Act provides for agreements between the Treasurer of Australia and the Bank for the purchase by Australia of additional shares at a price per share equivalent to 120,635 United States dollars. The Act also requires the preparation and presentation of annual reports on the operations of the Act during each financial year, which must include statements of the terms and conditions of any agreements made, assessments of the managerial efficiency and financial effectiveness of the Bank and its affiliates, and other relevant information.

The Act has undergone amendments, with the most recent amendment being Act No. 67, 2024, which amended sections 3 and 7 of the Act. The compilation includes a list of abbreviations used in the endnotes and provides information on legislation history and amendment history.