Navy (Canteens) Regulations (Amendment) (Cth)

Statutory Rules 1982 No. 1751

__________

Navy (Canteens) Regulations2(Amendment)

I, THE GOVERNOR-GENERAL of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, hereby make the following Regulation under the Naval Defence Act  1910.

 Dated 16 July 1982.

 ZELMAN COWEN

 Governor-General

 By His Excellency’s Command,

IAN SINCLAIR

Minister of State for Defence

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Royal Australian Navy Central Canteens Fund

Regulation 4 of the Navy (Canteens) Regulations is amended—

• (a)

  by omitting sub-regulation (4) and substituting the following sub-regulation:

• “(4)

  Moneys forming part of the Fund not immediately required for the purposes of the Fund may be invested—

  • (a)

    on deposit with an approved bank;

  • (b)

    in Commonwealth securities; or

  • (c)

    in any other manner approved in writing by the Treasurer for the purposes of this regulation.”; and

• (b)

  by adding at the end thereof the following sub-regulation:

• “(6)

  In sub-regulation (4) “approved bank” means a trading bank as defined in sub-section 5 (1) of the Banking Act 1959 or another bank approved in writing by the Treasurer for the purposes of this regulation or a person authorized by the Treasurer to give approvals under this regulation.”.

 

NOTES

1. Notified in the Commonwealth of Australia Gazette on 23 July 1982.

2. Statutory Rules 1954 No. 129 as amended by 1967 No. 173; 1970 No. 24; 1971 No. 119; 1973 No. 31; 1974 No. 131; 1976 No. 53.