Banking (Foreign Exchange) Regulations (Amendment) (Cth)

STATUTORY RULES.

1953. No. 24.

 

REGULATIONS UNDER SECTION 29 OF THE BANKING ACT 1945.*

WHEREAS by section 29 of the Banking Act, 1945 it is provided that, where the Governor-General is satisfied that it is expedient so to do, for the protection of the currency or of the public credit of the Commonwealth, or in order to conserve, in the national interest, the foreign exchange resources of the Commonwealth, he may make regulations, not inconsistent with that Act, making provision for and in relation to the control of foreign exchange and, in particular, but without limiting the generality of the foregoing, for or in relation to certain matters specified in that section.

And whereas I, the Governor-General in and over the Commonwealth of Australia, acting with the advice of the Federal Executive Council, am satisfied that it is expedient, in order to conserve, in the national interest, the foreign exchange resources of the Commonwealth, to make the following Regulations:

Now therefore I, the Governor-General aforesaid, acting with the advice of the Federal Executive Council, hereby make the following Regulations under section 29 of the Banking Act 1945.

Dated this Twenty First day of March, 1953.

Governor-General.

By His Excellency’s Command,

Treasurer.

 

Amendments of the Banking (Foreign Exchange) Regulations.

Classes of license.

1. Regulation 18 of the Banking (Foreign Exchange) Regulations is amended by omitting sub-regulation (3.) and inserting in its stead the following sub-regulation:—

“(3.) A special licence shall be a licence to export, during a period extending from the date of the grant of the licence to a date specified therein, goods of a class or kind specified in. the licence from a place and. to a country so specified.”.

First Schedule— Form B.

2. The First Schedule to the Banking (Foreign Exchange) Regulations is amended by omitting from Form B the words—

“The above-named applicant hereby applies for a special licence to export goods from— to the following countries:—”

and inserting in their stead the words—

“The above-named applicant hereby applies for a special licence to export  from to [name countries]goods of the following classes or kinds:—”.

 

* Notified in the Commonwealth Gazette on , 1953

  Statutory Rules 1946, No. 191, as amended by Statutory Rules 1947, Nos. 65 and 102; 1948, Nos. 39 and 165; 1950, No. 46; and 1952, Nos. 15 and 80.

 

By Authority: L. F. Johnston, Commonwealth Government Printer, Canberra.

5051.—Price 3d. /9/18.12 1952