International Monetary Agreements Act 1974

The International Monetary Agreements Act 1974 is an Australian law that authorizes the country to subscribe for additional shares of the capital stock of the International Bank for Reconstruction and Development. The act came into operation on July 29, 1974, after receiving royal assent.

Key provisions of the act include:

• Section 3 defines key terms used in the act, including "Bank" and "United States dollar".
• Section 4 allows the Treasurer to make an agreement with the Bank for Australia to purchase additional shares at a specified price.
• Section 5 enables the Treasurer to execute and issue promissory notes to the Bank as part of the agreement.

Amendments to the act include:

• The Treasury Laws Amendment (Delivering Better Financial Outcomes and Other Measures) Act 2024, which was enacted on July 9, 2024, and came into effect on July 10, 2024.
• Section 3 of the act was amended by the International Monetary Agreements Act 1974 (No. 67, 2024), which affected its operation.

The endnotes provide additional information about the compilation, including information about amendments to the law, changes made during preparation for registration, and details about the legislation history and amendment history of the compiled law.