National Security (Securities) Regulations (Amendment) (Cth)

STATUTORY RULES.

1939. No. 150.

REGULATION 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 Fifteenth day of November, 1939.

Governor-General.

By His Excellency’s Command.

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

 

AMENDMENT OF THE NATIONAL SECURITY (SECURITIES) REGULATIONS. 

1. Regulation 8 of the National Security (Securities) Regulations is repealed and the following is inserted in its stead:–

Returns of Securities.

“8.–(1.) The Treasurer may, by notice published in the Gazette, require every owner of, or person having any interest in, foreign securities (being securities of a class in respect of which a return is required) to make a return to the Treasurer, or to such other person as is specified in the notice, giving, within such period as is

/specified

 

* Notified in the Commonwealth Gazette on , 1939.

  Statutory Rules 1939, no. 113.

specified in the notice, such particulars as are so specified, and every such owner and person shall make a return accordingly.

(2.) This regulation, and every requirement made in pursuance of this regulation, shall apply to person who become the owners or, or acquire an interest in, foreign securities after the date of the publication of the notice making the requirement in like manner as they apply to persons who are owners of, or have an interest in, foreign securities at the date.”.

2. After regulations 10 of the National Security (Securities) regulations the following regulation is added:–

Delegation

“11.–(1.) The Treasurer may, in relation to any matter 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 (expect this power of delegation) so that the delegated power or functions may be exercised by the delegate with respect to the matter or class of matters, or the State of the 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.”.