Second Reading Speeches

Asian Development Bank (Additional Subscription) Bill 2009

Type
Government
Portfolio
Treasury
Originating house
House of Representatives
Status
Act
Parliament no
42

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Summary

The bill: allows the Treasurer to make the necessary agreement with the Asian Development Bank for the purchase by Australia of its entitlement of 16 379 paid-in shares and 393 101 additional callable shares of the capital stock of the bank; allows the Treasurer to issue promissory notes to the bank in payment; and appropriates the necessary funds from the Consolidated Revenue Fund to make such payments.

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