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

Asian Infrastructure Investment Bank Act 2015

5   Section 3

Omit:

• Australia may make a payment to the Bank:

(a) if Australia is required to make the payment by way of subscription to shares in the Bank; or

(b) if Australia is otherwise required to make the payment in accordance with the Bank Agreement.

• The Minister may, on behalf of Australia, make promissory notes and issue them to the Bank.

substitute:

• Australia may make payments to the Bank or another body in connection with its membership of the Bank, including by issuing securities.