Commonwealth Consolidated Acts

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INTERNATIONAL FINANCE CORPORATION ACT 1955 - SECT 5B

Further agreements to buy extra shares in the International Finance Corporation

  (1)   The Minister may, on behalf of Australia, enter into one or more agreements with the International Finance Corporation that:

  (a)   provide for Australia to buy additional shares of the capital stock of the International Finance Corporation; and

  (b)   contain terms and conditions determined by the Minister.

  (2)   The Consolidated Revenue Fund is appropriated for the purposes of payments by Australia under an agreement referred to in subsection   (1).



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