Section 8 — Asian Infrastructure Investment Bank Act

(1)

Despite anything to the contrary in any other law, the provisions of the Agreement set out in the Schedule have the force of law.

(2)

Nothing in Article 51 is to be construed as —

(a)

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

(b)

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

(c)

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

(3)

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.

Companies Act (Chapter 39) does not apply to Bank and to issue by