Commonwealth Inscribed Stock Regulations (Amendment) (Cth)

Statutory Rules 1986 No. 2431

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Commonwealth Inscribed Stock Regulations2 (Amendment)

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

Dated 8 September 1986.

N. M. STEPHEN

Governor-General

By His Excellency’s Command,

C. J. Hurford

Minister of State for Immigration and

Ethnic Affairs for and on behalf of the

Treasurer

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Principal Regulations

1. In these Regulations, “Principal Regulations” means the Commonwealth Inscribed Stock Regulations.

Transfers of stock within a Registry

2. Regulation 23 of the Principal Regulations is amended by omitting sub-regulations (2), (3) and (4) and substituting the following sub-regulations:

“(2) Each signature to an instrument referred to in sub-regulation (1) shall be attested by a witness who—

(a) is over the age of 18 years;

(b) is not a party to the instrument; and

(c) is personally acquainted with the person signing the instrument.

“(3) In attesting a signature, a witness shall attest by his or her signature and shall print his or her name and usual residential address immediately under his or her signature.”.

Transfer of stock to another Registry without change of ownership

3. Regulation 24a of the Principal Regulations is amended by omitting from sub-regulation (7) “, (3) and (4)” and substituting “and (3)”.

 

(S.R. 114/85)––Cat. No.   10/17.12.1985

Issue of bearer securities in exchange for stock

4. Regulation 41 of the Principal Regulations is amended by omitting from sub-regulation (4) “, (3) and (4) “and substituting “and (3)”.

 

NOTES

1. Notified in the Commonwealth of Australia Gazette on 11 September 1986.

2. Statutory Rules 1944 No. 186 as amended to date. For previous amendments see Note 2 to Statutory Rules 1986 No. 242 and see also Statutory Rules No. 42.

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