Singapore legislation

Regulation 3

of Bretton Woods Agreements Order 1966

Regulation 3

Fund Agreement and the Bank Agreement to have force of law

To enable the Fund and the Bank to fulfil the functions with which they are respectively entrusted, the provisions of the Fund Agreement and the Bank Agreement set out in the Schedule have the force of law in Singapore:Provided that nothing in section 9 of Article IX of the Fund Agreement or in section 9 of Article VII of the Bank Agreement is to be construed as —

(a)

entitling the Fund or the Bank to import into Singapore goods free of customs duty without any restriction on their subsequent sale in Singapore;

(b)

conferring on the Fund or the Bank any exemption from duties or taxes which form part of the price of goods sold; or

(c)

conferring on the Fund or the Bank any exemption from taxes or duties which are in fact no more than charges for services rendered.

Read in full context — Bretton Woods Agreements Order 1966 →