National Security (Capital Issues) Regulations (Amendment) (Cth)

STATUTORY RULES.

1942. No. 23.

 

REGULATIONS UNDER THE NATIONAL SECURITY ACT 1939-1940.*

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 National Security Act 1939-1940.

Dated this twenty-eighth day of January, 1942.

GOWRIE

Governor-General.

By His Excellency’s Command,

J. B. CHIFLEY

for and on behalf of the Minister of State for Defence Co-ordination.

 

Amendments of the National Security (Capital Issues) Regulations. 

Loans totalling less than £1,500 in any period of twelve months not affected.

1. Regulation 15 of the National Security (Capital Issues) Regulations is amended by omitting the words “Two thousand five hundred” (wherever occurring) and inserting in their stead the words “One thousand five hundred ”.

Repeal of regulation 20a.

2. Regulation 20a of the National Security (Capital Issues) Regulations is repealed.

3. After regulation 27 of the National Security (Capital Issues) Regulations the following regulations are inserted:—

“Limitation on acceptance of deposits by certain bodies.

27a. A body, whether corporate or unincorporate (other than a bank, a building society, a declared pastoral company, a co-operative society or a partnership), shall not, without the consent in writing of the Treasurer, accept or receive any deposit so that the total amount of deposits held by that body (including the deposit then accepted or received) exceeds by more than One thousand five hundred pounds the amount of deposits held by the body on the twenty-ninth day of January, 1942.

 

* Notice in the Commonwealth Gazette on 28th January, 1942.

  Statutory Rules 1940, No. 218, as amended by Statutory Rules 1940, Nos. 242 and 291; and 1941, Nos. 150 and 304.

376.—Price 3d.

“Limitation on acceptance of deposits by building societies, &c.

27b. A building society, declared pastoral company or co-operative society shall not, without the consent in writing of the Treasurer, accept or receive any deposit so that the total amount of deposits held by that body exceeds by more than five per centum the amount of deposits held by the body on the twenty-sixth day of November, 1941.”.

Interpretation.

4. Regulation 28 of the National Security (Capital Issues) Regulations is amended by inserting before paragraph (a) the following paragraph:—

“(aa) ‘co-operative society’ means any body registered under the law of a State or Territory of the Commonwealth as a co-operative society, co-operative company or co-operative association, and includes any body which the Treasurer, by order, declares to be a co-operative society for the purposes of this Part;”.

 

By Authority: L. F. Johnston, Commonwealth Government Printer, Canberra.