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 3   Transitional provisions

35   Repeal of Acts - continuation of securities issued in relation to the International Bank for Reconstruction and Development

(1) A promissory note or other security mentioned in subitem (2) continues in effect on and after commencement as if it had been issued under subsection 7(1A) of the International Monetary Agreements Act 1947, as amended by Part 1 of this Schedule.

(2) This subitem covers any of the following that is in effect immediately before commencement:

(a) a security issued for the purposes of section 5 of the International Bank for Reconstruction and Development (General Capital Increase) Act 1989;

(b) a security issued for the purposes of section 7 of the International Financial Institutions (Share Increase) Act 1982;

(c) a security issued for the purposes of section 7 of the International Financial Institutions (Share Increase) Act 1986;

(d) a security issued to the International Bank for Reconstruction and Development (referred to in the International Monetary Agreements Act 1960)for the purposes of section 5 ofthat Act;

(e) a promissory note issued under subsection 5(1) of the International Monetary Agreements Act 1974.