Asian Infrastructure Investment Bank Act · 2022 Revised Edition
8. Certain provisions of Agreement to have force of law
Official textFrom Attorney General's Chambers, unchanged
Despite anything to the contrary in any other law, the provisions of the Agreement set out in the Schedule have the force of law.
Agreement
“Agreement” means the Agreement for the establishment and operation of the international body known as the Asian Infrastructure Investment Bank done at Beijing on 29th June 2015 and entered into force on 25th December 2015;
Nothing in Article 51 is to be construed as —
entitling the Bank to import into Brunei Darussalam goods free of any customs duty without any restriction on their subsequent sale in Brunei Darussalam;
conferring on the Bank any exemption from taxes or duties which form part of the price of goods sold or services supplied; or
conferring on the Bank any exemption from taxes or duties which are in fact no more than charges for services rendered.
The Minister may, with the approval of His Majesty the Sultan and Yang Di-Pertuan, by notification published in the Gazette, amend the
Schedule in conformity with any amendments to the provisions of the
Agreement set out in the Schedule which may be subsequently made and adopted.
Terms defined in s 2
Agreement
Defined · s 2“Agreement” means the Agreement for the establishment and operation of the international body known as the Asian Infrastructure Investment Bank done at Beijing on 29th June 2015 and entered into force on 25th December 2015;
Bank
Defined · s 2“Bank” means the Asian Infrastructure Investment Bank established under the Agreement;