Australian National Railways (A.N.R. Stock) Amendment Regulations 1998 (No. 1) (Cth)

Australian National Railways (A.N.R. Stock) Amendment Regulations 1998 (No. 1)

Statutory Rules 1998

No. 352

I, WILLIAM PATRICK DEANE, Governor-General of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, make the following regulations under the Australian National Railways Commission Act 1983.

Dated 17 December 1998.

 WILLIAM DEANE

Governor-General

By His Excellency’s Command,

JOHN ANDERSON

Minister for Transport and Regional Services

Australian National Railways (A.N.R. Stock) Amendment Regulations 1998 (No. 1)1

Statutory Rules 1998No. 3522

made under the

Australian National Railways Commission Act 1983

   

Contents

Page

• •
• •
• •

1Name of regulations

 These regulations are the Australian National Railways (A.N.R. Stock) Amendment Regulations 1998 (No. 1).

2Commencement

 These regulations commence on gazettal.

3Amendment of Australian National Railways (A.N.R. Stock) Regulations

 Schedule 1 amends the Australian National Railways (A.N.R. Stock) Regulations.

4Repeal

 The Australian National Railways (ANR Stock) Regulations 1980 are repealed on 16 June 2001.

Schedule 1Amendments of Australian National Railways (A.N.R. Stock) Regulations

[1]Regulation 1

substitute

1Name of regulations

 These regulations are the Australian National Railways (ANR Stock) Regulations 1980.

[2]Regulation 2, heading

substitute

Definitions

[3]Subregulation 2 (1), definition of stock

substitute

stock means stock issued under these regulations.

[4]Part II

omit

[5]Regulation 6, heading

substitute

Setting up and keeping registries

[6]Regulation 6

omit

 the establishment of

insert

 setting up and keeping

[7]After Part V

insert

Part 6Transitional arrangements

25Transitional

• (1)

  If the Minister makes a declaration under subsection 67AH (1) of the Act about any Commonwealth guaranteed liabilities that are stock, on and after the specified day for the declaration:

  • (a)

    Parts I, III, IV and V have effect in relation to that stock as if references in those Parts to the Commission were references to the Commonwealth; and

  • (b)

    Parts IV and V have effect in relation to that stock as if references in those Parts to a prospectus inviting applications to purchase stock included a reference to the document called Information Memorandum:

    • (i)

      issued for the issue of that stock; and

    • (ii)

      issued most recently before the commencement of this Part.

• (2)

  An approval given under these regulations before the specified day, and in effect immediately before that day, continues to have effect on and after the specified day as if the approval had been given by the Commonwealth.

• (3)

  The marking of a transfer for these regulations before the specified day, and for which the period of 42 days mentioned in subregulation 17 (2) has not expired on that day, continues to have effect on and after the specified day as if the transfer had been marked by the Commonwealth.

• (4)

  A consent given for regulation 21 before the specified day, and in effect immediately before that day, continues to have effect on and after the specified day as if the consent had been given by the Commonwealth.

• (5)

  In this regulation:

specified day means the day that Commonwealth guaranteed liabilities that are stock become liabilities of the Commonwealth under a declaration for subsection 67AH (1) of the Act.

• (6)

  Paragraph (1) (a) ceases to have effect immediately before the commencement of item 3 of Schedule 3 to the Australian National Railways Commission Sale Act 1997.

Note   For instruments that continue to have effect on and after the day on which the Australian National Railways Commission Act 1983 is repealed — see item 3 (3) of Schedule 3 to the Australian National Railways Commission Sale Act 1997, and the definition of residual instruments in item 2 of that Schedule.

Notes

1. These regulations amend Statutory Rules 1980 No. 264.

2. Made by the Governor-General on 17 December 1998, and notified in the Commonwealth of Australia Gazette