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Brief
The International Bank for Reconstruction and Development (Share Increase) Act 1988 is an Australian law that was enacted to increase the share capital of the International Bank for Reconstruction and Development. The Act was passed on May 11, 1988, and it came into effect on the same day.
The main provisions of the Act include:
- The Treasurer may enter into agreements with the International Bank for Reconstruction and Development to purchase additional shares of its capital stock.
- The Treasury may pay out of the Consolidated Revenue Fund money necessary for making payments under these agreements.
- Certain sections of the International Monetary Agreements Act 1947 apply to payments made under the agreement.
The Act has undergone several amendments, with the most recent amendment being Act No. 67, 2024, which affects section 3 of the Act.
The endnotes provide additional information about the compilation, including details about amendments and changes made to the law, as well as explanations of abbreviations used in the endnotes.
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