Treasury Laws Amendment (Genetic Testing Protections in Life Insurance and Other Measures) Act 2026 (35 of 2026)

Schedule 3   Multilateral development banks - modernising and technical amendments

Part 1   Main amendments

International Monetary Agreements Act 1947

21   At the end of section 10

Add:

(2) Without limiting the generality of subsection (1), the report must include:

(a) a statement of the relevant financial obligations in relation to the Bank notified in that financial year under subsection 3A(5); and

(b) a statement describing the nature and extent of Australia's participation as a member of each of the following during that year:

(i) the Bank;

(ii) the International Development Association (referred to in the International Development Association Act 1960);

(iii) the International Finance Corporation (referred to in the International Finance Corporation Act 1955); and

(c) an assessment of the managerial efficiency, and financial and economic effectiveness, of the Bank in carrying out its purposes as provided for in the Bank Agreement; and

(d) an assessment of the managerial efficiency, and financial and economic effectiveness, of the International Development Association (referred to in the International Development Association Act 1960) in carrying out its purposes as provided for in the Agreement (as defined in that Act); and

(e) an assessment of the managerial efficiency, and financial and economic effectiveness, of the International Finance Corporation (referred to in the International Finance Corporation Act 1955) in carrying out its purpose as provided for in the Agreement (as defined in that Act).