Sanctions (Clearing Office) Regulations (Cth)

STATUTORY RULES

1935. No. 118.

 

REGULATIONS UNDER THE SANCTIONS ACT 1935.*

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 Sanctions Act 1935.

Dated this fifteenth day of November, 1935.

ISAAC A. ISAACS

Governor-General.

By His Excellency’s Command,

R. G. CASEY

Treasurer.

 

Sanctions (CleaRing Office) Regulations.

Short title.

1. These Regulations maybe cited as the Sanctions (Clearing Office) Regulations.

Commencement.

2. These Regulations shall take effect on and from the eighteenth day of November, 1935.

Definitions.

3. In these Regulations, unless the contrary intention appears—

“Australia” includes the Territories of Papua, New Guinea and Norfolk Island;

“Person” includes a body politic or corporate as well as an individual.

Establishment of Clearing Office.

4. For the purpose of the receipt, custody and payment, in accordance with these Regulations, of moneys due by persons in Australia to persons in Italy there shall be a Clearing Office which shall be controlled and managed by the Controller who shall be appointed by the Treasurer;

Delegation by Controller.

5.—(1.) The Controller may, in relation to any particular matter or class of matters, or to any particular State or part of the Commonwealth or any Territory to which these Regulations apply, 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 and functions may be exercised by the delegate with respect to the matters or class of matters or the State or part of the Commonwealth or Territory specified in the instrument of delegation.

(2.) Every delegation under this section shall be revocable at will, and no delegation shall prevent the exercise of any power by the Controller.

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* Notified in the Commonwealth Gazette on 15th November, 1935.

5445.—Price 3d.

Notification of debts to Controller.

6.—(1.) Where any debt is due and owing at the date of the coming into operation of those Regulations, or becomes, due on or after that date, by any person in Australia to a person in Italy, the debtor shall within one month after the coming into operation of these Regulations, or within one month after the date when the debt becomes due, as the case may be, forward to the Controller a notification in writing setting forth—

(a) the amount and particulars of the debt, and

(b) the names and addresses of the debtor and the person to whom the debt is due,

and shall comply with any directions given to him by the Controller in relation to the debt, and if so required by the Controller pay the amount of the debt to the custody of the Controller.

(2.) Any person who fails to forward a notification to the Controller in accordance with this regulation, or who fails or refuses to comply with any direction or requirement of the Controller, or who disposes of any moneys, held by him on account of any person in Italy, otherwise than in accordance with the directions of the Controller, shall be guilty of an offence.

Penalty: One hundred pounds or imprisonment for six months.

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