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

STATUTORY RULES.

1942. No. 111.

 

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 eleventh day of March, 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 (Supplementary) Regulations.

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

Balance-sheet of Commonwealth Bank.

“39.—(1.) It shall not be necessary—

(a) for the Board of Directors of the Commonwealth Bank of Australia or the Commission appointed under the Commonwealth Bank Act 1911-1932 to manage the Commonwealth Savings Bank of Australia—

(i) to furnish to the Treasurer quarterly statements and other prescribed periodical statements under section 18 of the Act; or

(ii) to prepare balance-sheets under section 20 of the Act; or

(b) for the Treasurer to prepare statements under section 20a of the Act.

“(2.) The Board shall, in relation to the Bank, and the Commission shall, in relation to the Savings Bank, prepare, in accordance with a form prescribed by the Treasurer by order, a balance-sheet as at the thirtieth day of June in each year and shall submit it to the Auditor-General for report as to its correctness or otherwise, and shall transmit it with the report of the Auditor-General to the Treasurer.

 

*Notified in the Commonwealth Gazette on 11th March, 1942.

  Statutory Rules 1940, No. 126, as amended by Statutory Rules 1940, Nos. 151, 169, 213, 228, 233, 234, 245 and 257; 1941, Nos. 75, 88, 100, 140, 197, 200, 222, 249, 296, 297, 303, 314, 318, 320 and 323; and 1942, Nos. 16, 20, 21, 36, 40, 50, 57, 62, 63, 72, 78 and 90.

1171.—Price 3d.

“(3.) The Board or Commission, as the case may be, shall also transmit a true copy of the balance-sheet and report to the President of the Senate and to the Speaker of the House of Representatives to be laid before the Senate and the House of Representatives respectively.

Profits of Bank and Savings Bank.

“40. The net profits of the Bank and of the Savings Bank in each financial year (commencing with the financial year which began on the first day of July, 1941) instead of the net profits in each half-year, shall be dealt with as prescribed by sections 30 and 35v of the Act.

Calculation of interest on Savings Bank deposits.

‘‘41.—(1.) Interest on deposits with the Savings Bank shall be calculated up to the thirty-first day of May instead of the thirtieth day of June.

“(2.) Interest shall be carried to the credit of the account of the depositor not later than the eighth day of June in each year and shall thereupon become principal, but shall, subject to the Act, bear interest as from the first day of June in the same year.

Supply of banking statistics to Treasurer.

“42. The accounts and statements referred to in section 60ad of the Act shall be in accordance with a form prescribed by the Treasurer by order published in the Gazette instead of in accordance with the form in the Schedule to the Act.

Interpretation.

“43. In the last four preceding regulations ‘the Act’ means the Commonwealth Bank Act 1911-1932 and expressions used in those regulations shall have the same meaning as in that Act.”.

 

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