Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) If the Governor - General is satisfied that the treatment in respect of recognition and enforcement accorded by the courts of a country to money judgments given in Australian superior courts is substantially less favourable than that accorded by Australian superior courts to money judgments of the superior courts of that country, the regulations may provide that this section applies to that country.
(2) Except so far as regulations made for the purposes of subsection ( 1) provide, no proceedings are to be entertained in an Australian court for the recovery of an amount of money alleged to be payable under a judgment given in a country to which this section applies.
(3) Nothing in this section affects the enforcement, under the International Arbitration Act 1974 , of an award.