Treaty of Peace Regulations (Amendment) (Cth)

STATUTORY RULES.

1927. No. 53.

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REGULATIONS UNDER THE TREATY OF PEACE (GERMANY) ACT 1919-1920.

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 Treaty of Peace (Germany) Act 1919-1920, to come into operation forthwith.

Dated this 11th day of June 1927.

(Sgd.) STONEHAVEN

Governor-General.

By His Excellency’s Command,

for Treasurer.

Amendment of Treaty of Peace Regulations.

(Statutory Rules 1920, No. 25, as amended to this data.)

After regulation 61 of the Treaty of Peace Regulations the following regulation is inserted:—

Commission to be charged Custodian.

“62. (1) The Custodian shall charge, in respect of his duties in connexion with real or personal property in his hands or under his control, or which, since the seventh day of April, 1924, may have come into his hands or been under his control in pursuance of these regulations, commission at the following rates:—

(a) two and one-half per centum on the gross proceeds of the sale of any real property;

(b)five per centum on the gross proceeds of the sale of any personal property; and

(c) two and one-half per centum on the gross expenditure incurred by him in connexion with the management of any real property from the date it became vested in the Custodian up to the date the purchaser takes possession under the contract of sale of the property.

“(2.) Notwithstanding anything contained in these regulations, where any property, rights and interests have, in accordance with sub-regulation (1a) of regulation 36 of these regulations, been revested in any person, the Custodian may charge commission at the rate of two and one-half per centum on the gross expenditure incurved by him in connexion with the management of any such real property from the date it became vested in the Custodian up to the date of its release.”

 

Printed and Published for the Government of the Commonwealth of Australia by H. J. Green, Government Printer for the State of Victoria.

C.6943.—Price 3d.