Bill
Treasury Laws Amendment (2020 Measures No. 3) Bill 2020
passed, as at 2020-06-19. Treasury portfolio.
- Sponsor
- Not recorded
- Portfolio
- Treasury
Recorded stages
- introduced — 2020-06-12
- second reading — 2020-06-12
- second reading — 2020-06-18
- second reading — 2020-06-18
- third reading — 2020-06-18
- introduced — 2020-06-18
- second reading — 2020-06-18
- second reading — 2020-06-18
- third reading — 2020-06-18
- passed — 2020-06-18
- royal assent — 2020-06-19
Divisions
No divisions recorded. Most questions are decided on the voices; this does not establish that a bill was unopposed.
Plain-language summary
Written by a model from the explanatory memorandum; not the record, as at 2020-06-12.
The bill would allow the Minister to sign an agreement with the International Monetary Fund for Australia to lend money to the IMF.
It would create a standing legal framework and a permanent appropriation to fund loan payments without needing future legislative changes.
The Treasurer could also update the definition of the New Arrangements to Borrow by legislative instrument to reflect a specific IMF Executive Board decision from January 2020.
- Authorises the Minister to enter into a loan agreement with the IMF.
- Introduces a standing appropriation to fund Australia's loan payments to the IMF.
- Allows the Treasurer to amend or renew the New Arrangements to Borrow by legislative instrument.
- Updates the definition of the New Arrangements to Borrow to include a specific IMF Executive Board decision.
The Australian Government, the Minister, the Treasurer, and the International Monetary Fund.
Sources
em
billhome
frl act