National Security (Capital Issues) Regulations (Amendment) (Cth)
STATUTORY RULES.
REGULATIONS UNDER THE NATIONAL SECURITY ACT 1939-1943.*
I,
THE GOVERNOR-GENERAL in and over the Commonwealth of Australia, acting with the
advice of the Federal Executive Council, hereby make the following Regulations
under the
Dated this sixth day of March, 1945.
HENRY
Governor-General.
By His Royal Highness’s Command,
J. B. CHIFLEY
for and on behalf of the Minister of State for Defence.
Amendments of the National Security (Capital Issues) Regulations.
“7A. Except with the consent of the Treasurer, a person (other than a body corporate) or persons carrying on, or proposing to carry on, either alone or together with other persons, any business shall not accept or offer to accept from any person any money in consideration of any person’s becoming entitled to an interest in the business where the persons from whom money has already been accepted, together with any persons from whom money is accepted at the same time, upon similar consideration, exceed nineteen in number.”.
*
Notified in the
Statutory Rules 1940, No. 218, as amended by Statutory Rules 1940, Nos. 242 and 291; 1941, Nos. 150 and 304; and 1942, Nos. 23, 126, 196, 366 and 424.
269.—Price 3d.
“(
c ) any extension or renewal of a mortgage or charge, where the rate of interest payable under the mortgage or charge as extended or renewed does not exceed the rate specified in paragraph (a ), (b ) or (c ) of sub-regulation (1.) of regulation 18 of these Regulations, whichever is applicable; or”.
(
a ) by omitting from paragraph (b ) the word “or”; and(
b ) by omitting paragraph (c ) and inserting in its stead the following paragraphs:—“(
c ) on any deposit made after the twelfth day of March, 1942, but not after the twelfth day of March, 1945, with that body by a person other than a bank—at a rate higher than One pound five shillings per centum per annum; or“(
d ) on any deposit made after the twelfth day of March, 1945, with that body by a person other than a bank—at a rate higher than Ten shillings per centum per annum.”.
“(
a ) in the case of a deposit made not later than the twelfth day of March, 1945, and repayable at call or at a shorter date than three months—at a rate which exceeds One pound ten shillings per centum per annum;
“ (aa )in the case of a deposit made after the twelfth day of March, 1945, and repayable at call or at a shorter date than three months—at a rate which exceeds Ten shillings per centum per annum; and ”.
“(
a ) in the case of a deposit made not later than the twelfth day of March, 1945, and repayable at call or at a shorter date than three months—at a rate which exceeds One pound ten shillings per centum per annum;
“ (aa )in the case of a deposit made after the twelfth day of March, 1945, and repayable at call or at a shorter date than three months—at a rate which exceeds Ten shillings per centum per annum; and”.
“, on any deposit repayable at call made (whether before or after the twentieth day of April, 1942) with that company by a person other than a bank—
(
a ) in respect of any period commencing on or after the twentieth day of April, 1942, and ending not later than the twelfth day of March, 1945—at a rate exceeding One pound per centum per annum; or(
b )in respect of any period commencing after the twelfth day of March, 1945—at a rate exceeding Ten shillings per centum per annum.”.
“ (b )the rate of interest payable on the deposit does not exceed—(i) in the case of a deposit made before the thirteenth day of March, 1942—Five pounds ten shillings per centum per annum; or
(ii) in any other case—Five pounds five shillings, per centum per annum.”.
“ (d )the rate of interest payable in respect of the renewed deposit does not exceed—(i) the rate payable when the deposit was made or, in the case of a deposit which has been previously renewed, the rate payable when the deposit was last renewed; or
(ii) the rate of Ten shillings per centum per annum or, in the case of a deposit with a building society or a declared pastoral company, the maximum rate which would be applicable to that deposit under regulation 22 or 23 of these Regulations, as the case may be,
whichever is the higher.”.
(
a ) by omitting from paragraph (a ) the word “and”; and(
b ) by inserting after paragraph (a ) the following paragraph:—
“ (ab )where the whole or any portion of the amount of a dividend which becomes payable after the commencement of this paragraph by a company to any person has not been paid after the expiration of three months from the date on which the dividend became payable, the amount unpaid shall be deemed to be a deposit received by the company from that person on the first day after the expiration of those three months; and”.
“ (b ) charge interest on any loan (not being an unsecured loan)—(i) made after that date but not later than the twelfth day of March, 1942—at a rate exceeding Five pounds ten shillings per centum per annum; or
(ii) made after the twelfth day of March, 1942—at a rate exceeding Five pounds five shillings per centum per annum.”.
“(2a.) Where the consent of the Treasurer has been granted under any provision of the previous Regulations or has been or is granted under any provision of these Regulations, the consent shall cease to be in force on the date of commencement of this sub-regulation or at the expiration of the period of twelve months after the date on which the consent was granted, whichever is the later, but nothing in this sub-regulation shall affect the period during which any such consent has effect by virtue of the terms thereof.”.
By Authority: L. F. Johnston, Commonwealth Government Printer, Canberra.
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