National Security (Supplementary) Regulations (Amendment) (Cth)

STATUTORY RULES.

1942. No. 436.

 

REGULATION 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 Regulation under the National Security Act 1939-1940.

Dated this ninth day of October, 1942.

GOWRIE

Governor-General.

By His Excellency’s Command,

J. B. CHIFLEY

for and on behalf of the Minister of State for Defence.

 

Amendment of the National Security (Supplementary) Regulations.

The National Security (Supplementary) Regulations are amended by adding at the end thereof the following regulation:—

Agreements to enable companies to carry on operations.

“76.—(1.) Where a company is engaged in the production of goods which, in the opinion of the Treasurer, are necessary for the defence of the Commonwealth or the more effectual prosecution of the war, and the Treasurer is satisfied that the company is unable to obtain the financial provision necessary to enable it to continue its operations, the Commonwealth may acquire the whole or any portion of the shares in the company and may make such arrangements with the company and any other person as, in the opinion of the Treasurer, are necessary for the purpose of enabling the company to continue its operations.

“(2.) The Treasurer may, for and on behalf of the Commonwealth, enter into such agreements as he thinks fit for the purposes of the last preceding sub-regulation.”.

 

* Notified in the Commonwealth Gazette on 12th October, 1942.

Statutory Rules 1940, No. 126, as amended to date. For previous National Security (Supplementary) Regulations, see Statutory Rules 1942, No. 422, and see also