Commonwealth Inscribed Stock Regulations (Amendment) (Cth)

STATUTORY RULES.

1959. No. 96.

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REGULATION UNDER THE COMMONWEALTH INSCRIBED STOCK ACT 1911-1946.*

I, THE GOVERNOR-GENERAL in and over the Commonwealth of Australia, acting with the advice of the Federal Executive Council, hereby make the following Regulation under the Commonwealth Inscribed Stock Act 1911-1946.

Dated this 20th day of November, 1959.

W. J. SLIM

Governor-General.

By His Excellency’s Command,

(SGD.) HAROLD HOLT.

Treasurer.

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AMENDMENT OF THE COMMONWEALTH INSCRIBED STOCK REGULATIONS. 

After regulation 66 of the Commonwealth Inscribed Stock Regulations the following regulation is inserted:—

Destruction of securities.

“66A.—(1.) Section 12 of the Treasury Bills Act 1914-1940 does not apply to securities, or coupons issued in connexion with securities, issued under section 51A of the Act.

“(2.) Securities or coupons referred to in the last preceding, sub-regulation that have been cancelled because they have been paid off and discharged or for any other reason shall be destroyed in the presence of an authorized person, who shall, when the destruction is complete, certify, by writing under his hand, that the securities or coupons have been destroyed in his presence.

“(3.) In this regulation, ‘authorized person’ means a person authorized by the Secretary.”.

 

* Notified in the Commonwealth Gazette on 3rd December 1959.

  Statutory Rules 1944, No. 186, as amended by Statutory Rules 1946, No. 75; 1947, No. 96; 1952, No. 26; and 1959, No. 8.

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By Authority: A. J. ARTHUR, Commonwealth Government Printer, Canberra.

2099/59.—PRICE 3D 9/18.3.1959.