Treasury Laws Amendment (2020 Measures No. 3) Act 2020 (61 of 2020)

Schedule 1   International monetary agreements

Part 1   Amendments commencing day after Royal Assent

International Monetary Agreements Act 1947

3   At the end of section 8B

Add:

Amendment or renewal of the New Arrangements to Borrow

(3) The Treasurer may, by legislative instrument, give notice of an amendment or renewal of the New Arrangements to Borrow by a decision of the Executive Board of the Fund.

Note: References to the New Arrangements to Borrow in this Act only incorporate references to amendments that are set out in the definition of New Arrangements to Borrow in section 3 or notified under this subsection (see paragraph (f) of that definition).

(4) A legislative instrument under subsection (3) commences at the later of the following days or times:

(a) the earliest day or time applicable under subsection 12(1) of the Legislation Act 2003;

(b) the start of the day immediately after the last day on which a resolution referred to in subsection 42(1) of the Legislation Act 2003 disallowing the instrument could be passed.