International Finance Corporation Act · 2022 Revised Edition
7. Certain provisions of Agreement to have force of law
Official textFrom Attorney General's Chambers, unchanged
Notwithstanding anything to the contrary in any other written law, the provisions of the Agreement set out in the Schedule shall have the force of law:
Agreement
“Agreement” means the Articles of Agreement opened for signature at Washington on 25th May 1955 (as may be subsequently amended) providing for the establishment and operation of the international body known as the International Finance Corporation;
Provided that nothing in section 9 of Article VI of the Agreement shall be construed as —
entitling the Corporation to import into Brunei Darussalam goods free of any duty of customs without any restriction on their subsequent sale therein;
conferring on the Corporation any exemption from taxes or duties which form part of the price of goods sold; or
International Finance Corporation
conferring on the Corporation any exemption from taxes or duties which are no more than charges for services rendered.
The Minister may, with the consent of His Majesty the Sultan and
Yang Di-Pertuan, by notification published in the Gazette, amend the
Schedule in conformity with any amendment to the provisions of the
Agreement set out therein which may hereafter be duly made and adopted.
Terms defined in s 2
Agreement
Defined · s 2“Agreement” means the Articles of Agreement opened for signature at Washington on 25th May 1955 (as may be subsequently amended) providing for the establishment and operation of the international body known as the International Finance Corporation;
Corporation
Defined · s 2“Corporation” means the International Finance Corporation established under the Agreement;