Commonwealth Inscribed Stock Regulations (Amendment) (Cth)

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Statutory Rules 1983 No. 1571

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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 Regulation under the Commonwealth Inscribed Stock Act 1911.

Dated 25 August 1983.

N. M. STEPHEN

Governor-General

By His Excellency’s Command,

(Sgd.) C. J. Hurford

Minister of State for Housing and Construction for and on behalf of the Treasurer

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Replacement of defaced bearer securities

Regulation 66 of the Commonwealth Inscribed Stock Regulations is amended by omitting sub-regulations (2), (3), (4) and (5) and substituting the following sub-regulations:

“(2) Subject to sub-regulation (5), where a bearer security has been defaced before it is paid off, the Treasurer shall, upon the owner surrendering the defaced bearer security, authorize the issue to the owner of a bearer security on the same terms and conditions as those on which the defaced bearer security was issued.

“(3) A bearer security issued under sub-regulation (2) shall have attached to it interest coupons equivalent to the interest coupons that were attached to the surrendered bearer security at the time of surrender.

“(4) Subject to sub-regulation (5), where an interest coupon that has been detached from a bearer security has been defaced before it is paid, the Treasurer shall, upon the owner surrendering the defaced coupon, issue to the owner a coupon equivalent to the coupon that has been defaced.

“(5) A defaced bearer security or interest coupon shall not be replaced unless the number of the bearer security or interest coupon, as the case may be, is legible.”.

 

S.R. 92/83 Cat. No.  —Recommended retail price 10c 11/31.5.1983

 

NOTES

1. Notified in the Commonwealth of Australia Gazette on 1 September 1983.

2. Statutory Rules 1944 No. 186 as amended to date. For previous amendments see Note 2 to Statutory Rules 1983 No. 71, and see also Statutory Rules 1983 No. 71.

Printed by Authority by the Commonwealth Government Printer

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