Commonwealth Inscribed Stock Regulations (Amendment) (Cth)

 

Statutory Rules 1984 No. 122 1

Commonwealth Inscribed Stock Regulations 2

(Amendment)

I, THE GOVERNOR-GENERAL of the Commonwealth of Australia, acting with the advice of the Federal Executive Council and pursuant to section 4 of the Acts Interpretation Act 1901,hereby make the following Regulations under the Commonwealth Inscribed Stock Act 1911.

Dated 27 June 1984.

Governor-General

By His Excellency's Command,

Treasurer

Interpretation

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

2. The Principal Regulations are amended by inserting the following regulation in Part II at the commencement thereof:

Prescribed stock for the purposes of sub-section 4(1)

"6a. For the purposes of sub-section 4 (1) of the Act, the following stock is prescribed:

(a) Australian Savings Bonds;

(b) Treasury Indexed Bonds;

(c) Treasury Bills;

(d) Treasury Bonds;

(e) Treasury Notes.".

Repeal of regulation 13

3. Regulation 13 of the Principal Regulations is repealed.

S.R. 164/84 Cat. No. Recommended retail price 40c 13/21.6.1984

 

Inscription of stock in names of banks

4. Regulation 14 of the Principal Regulations is amended by adding the following sub-regulations at the end thereof:

"(2) Where an applicant for the purchase of stock requests that the stock be inscribed in the name of a bank (including a savings bank), the stock may, on application by the bank in accordance with Form 6a, be inscribed in the name of the bank.

"(3) Nothing in sub-regulation (2) affects any obligation of a bank to transfer stock to the purchaser thereof.".

5. After regulation 15 of the Principal Regulations the following regulation is inserted:

Inscription of stock in names of unincorporated associations

"15a. (1) Stock may be inscribed in the name of an unincorporated association that—

(a) has a name; and

(b) has a written constitution or written rules of association.

"(2) Before stock is inscribed in the name of an unincorporated association, there shall be furnished to the Registrar—

(a) a copy of its constitution or rules of association; and

(b) the names and addresses of its officers who have been appointed in accordance with its constitution or rules of association.".

Applications by Friendly Societies, unincorporated associations, &c.

6. Regulation 16 of the Principal Regulations is amended—

(a) by inserting after "application by" in sub-regulation (1) "an unincorporated association or by";

(b) by inserting after "made by" in sub-regulation (2) "an unincorporated association or by".

7. After regulation 16 of the Principal Regulations the following regulation is inserted:

Inscription of stock in name of trustee

"16a. Where, under section 19 of the Act, stock is inscribed in the name of a trustee as trustee of a specified trust, the Registrar may, when specifying the trust, do so in a manner that is convenient for the purpose of that inscription.".

Repeal of regulation 45

8. Regulation 45 of the Commonwealth Inscribed Stock Regulations is repealed.

Repeal of regulations 52 and 53

9. Regulations 52 and 53 of the Commonwealth Inscribed Stock Regulations are repealed.

Schedule

10. The Schedule to the Commonwealth Inscribed Stock Regulations is amended—

(a) by inserting after Form 6 the following form:

"FORM 6a Regulation 14

AUSTRALIAN CONSOLIDATED

INSCRIBED STOCK

COMMONWEALTH GOVERNMENT

per cent., maturing 19

APPLICATION FOR INSCRIPTION OF EQUIVALENT STOCK IN NAME OF BANK

The Registrar,

Commonwealth Government Registry of Inscribed Stock at

Please inscribe stock in the name(s) of

In respect of the undermentioned applications for stock of a total value of

No. of Application	Name of applicant for stock	Amount	Remarks
$

Signature

(Bank stamp to be affixed)";

(b) by omitting from Form 8 "and Branches thereof" and substituting ", Branches thereof and Unincorporated Associations";

(c) by inserting in Form 8 below "*Union" (wherever occurring) "*Unincorporated Association"; and

(d) by omitting Form 31.

NOTES

1. Notified in the Commonwealth of Australia Gazette on 29 June 1984.

• 2. Statutory Rules 1944 No. 186 as amended to date.

   For previous amendments see Note 2 to Statutory Rules 1984 No. 121 see also Statutory Rules 1984 No. 121.

 

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