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

STATUTORY RULES.

1941. No. 304.

 

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 Seventeenth day of December, 1941.

Governor-General.

By His Excellency’s Command,

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 £2,500 in any period of twelve months not affected.

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

2. After regulation 20 of the National Security (Capital Issues) Regulations the following regulation is inserted:—

Limitation on acceptance of deposits by certain bodies.

“20a. A body, whether corporate or unincorporate (other than a bank, a building society, a declared pastoral company 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 maximum amount of deposits held by the body at any time between the thirtieth day of June, 1938, and the date of commencement of this regulation.”.

Repeal of regulation 28d.

3. Regulation 28d of the National Security (Capital Issues) Regulations is repealed.

 

* Notified in the Commonwealth Gazette on December, 1941.

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

8108.—20/16.12.1941.—Price 3d.

4. After regulation 37 of the National Security (Capital Issues) Regulations the following regulation is inserted:—

Contracts to evade regulations.

“38. A person shall not enter into or make any contract or arrangement, whether orally or in writing, for the purpose of, or which has the effect of, in any way, and whether directly or indirectly, defeating, evading or avoiding, or preventing the operation of, these Regulations in any respect.”.

 

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