Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) The Treasurer may, on behalf of the Commonwealth, enter into a written agreement or undertaking under which the Commonwealth agrees or undertakes to submit to the jurisdiction of a foreign court for the purposes of any action or proceeding before that court relating to:
(a) an agreement referred to in section 5A or subsection 5B(1); or
(b) the issue by the Treasurer of any stock or security in relation to the borrowing of money outside Australia .
(2) Subject to any other Act, the Treasurer may, on behalf of the Commonwealth, in connection with:
(a) any action or proceeding referred to in subsection ( 1); or
(b) the execution of any order made or judgment given in such an action or proceeding;
waive, and enter into a written agreement or undertaking under which the Commonwealth agrees or undertakes to waive, any immunity from suit or other legal process of:
(c) the Commonwealth; or
(d) any property or asset of, or in the custody of, or administered by, the Commonwealth (other than any property or asset used or intended to be used for any diplomatic, consular or military purpose).