National Security (Monetary Control) Regulations (Amendment) (Cth)

STATUTORY RULES.

1939. No. 181.

REGULATIONS UNDER THE NATIONAL SECURITY ACT 1939.*

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.

Dated this twenty-second day of December, 1939.

GOWRIE

Governor-General.

By His Excellency’s Command,

PERCY C. SPENDER

for and on behalf of the Minister of State

for Defence Co-ordination.

———

Amendment of the National Security (Monetary Control) Regulations,

Definitions.

1. Regulation 2 of the National Security (Monetary Control) Regulations is amended by adding at the end thereof the following definition:—

“‘wrought gold’ means gold and gold alloys which on view have apparently been worked or manufactured for trade purposes and include the waste products arising from the working and manufacturing of gold and gold alloys for trade purposes.”.

Delivery of gold to Bank.

2. Regulation 7 of the National Security (Monetary Control) Regulations is amended by omitting sub-regulation (6.) and inserting in its stead the following sub-regulations:—

“(6.) Subject to this regulation, a person shall not sell gold to any person other than the Bank or an agent of the Bank or a person specified by the Treasurer by order or included in a class of persons so specified.

“(7.) Subject to this regulation, a person, other than the Bank or an agent of the Bank or a person so specified or included in a class of persons so specified, shall not buy gold from any person.

“(8.) A person so specified or included in a class of persons so specified shall comply with such instructions, directions or requirements as are issued or made by the Treasurer.

“(9.) A person may buy gold from the Bank or an agent of the Bank, and the Bank or agent of the Bank may sell gold to any person, for the purpose of being worked or used in manufacture by that person for professional or trade purposes.

* Notified in the Commonwealth Gazette on 22nd December, 1939.

  Statutory Rules 1939, No. 91.

5425.—Price 3d.

 

“(10.) A person shall not work or use in manufacture any gold, not being gold—

(a) in his possession at the commencement of these Regulations for the purpose of being worked or used in manufacture for professional or trade purposes; or

(b)bought in pursuance of this regulation for the purpose of being so worked or used.

“(11.) Unless and until the Treasurer otherwise directs by notice published in the Gazette, this regulation shall not apply to gold coins (the total value of which does not exceed Twenty-five pounds), or to wrought gold (other than wrought gold worked or manufactured in contravention of these Regulations), or to gold in the possession of any person at the commencement of these Regulations for the purpose of being worked or used in manufacture for professional or trade purposes or gold bought in pursuance of this regulation for the purpose of being so worked or used:

Provided that any person who is in possession of any such gold coins or gold shall, if required by the Board, furnish to the Bank particulars (including the value) thereof,”.

3. The National Security (Monetary Control) Regulations are amended by adding at the end thereof the following regulations:—

Exemptions, &c., may be subject to conditions.

“9.—(1.) Any exemption or permission granted under these Regulations may be granted subject to compliance with such conditions as are specified in the order or other instrument granting the exemption or permission.

(2.) A person to whom any such exemption or permission is granted shall comply with all such conditions as are so specified.

Delegation.

“10.—(1.) The Treasurer may, in relation to any matters or class of matters, or in relation to any particular State or part of Australia, by writing under his hand, delegate all or any of his powers and functions under these Regulations (except this power of delegation) so that the delegated powers or functions may be exercised by the delegate with respect to the matters or class of matters, or the State or part of Australia, specified in the instrument of delegation.

(2.) Every delegation under this regulation shall be revocable at will, and no delegation shall prevent the exercise of any power or function by the Treasurer.”.

 

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