Senate debates

Tuesday, 15 September 2015

Bills

Asian Infrastructure Investment Bank Bill 2015; In Committee

6:17 pm

Photo of Doug CameronDoug Cameron (NSW, Australian Labor Party, Shadow Minister for Human Services) Share this | Hansard source

I want to ask you just to clarify again—if you have not done so already: under article 46.1 of the bank's Articles of Agreement:

The Bank shall enjoy immunity from every form of legal process, except in cases arising out of or in connection with the exercise of its powers to raise funds, through borrowings or other means, to guarantee obligations, or to buy and sell or underwrite the sale of securities …

So I understand there are certain immunities relating to the operation of the bank. What is the issue of general criminal law in relation to officers of the bank?

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