War Precautions (Enemy Shareholders) Regulations 1916 (Amendment) (Cth)

STATUTORY RULES.

1917. No. 229.

 

REGULATIONS UNDER THE WAR PRECAUTIONS ACT 1914-1916.

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 War Precautions Act 1914-1916, to come into operation forthwith.

Dated this thirteenth day of September, 1917.

R. M. FERGUSON,

Governor-General.

By His Excellency’s Command,

G. F. PEARCE,

Minister of State for Defence.

 

Amendment of the War Precautions (Enemy Shareholders) Regulations.

(Statutory Rules 1916, No. 38, as amended by Statutory Rules 1916, Nos. 42, 54, 62, and 325, and Statutory Rules 1917, Nos. 101, 138, and 194.)

1. Regulation 12 of the War Precautions (Enemy Shareholders) Regulations is amended by adding at the end of sub-Regulation (4) thereof the words “or may be paid to the proper officer of the Commonwealth or a State in satisfaction of any tax due by the person by or from whom the shares were transferred, or may be paid to any person in satisfaction of a judgment obtained by him against the person by or from whom the shares were transferred.”

2. After Regulation 19 of the War Precautions (Enemy Shareholders) Regulations the following Regulation is inserted:—

Power to exempt shares controlled by Imperial Controller of Enemy Banks.

“20. Notwithstanding anything contained in these Regulations the Attorney-General may if he thinks fit exempt from the provisions of any or all of these Regulations any or all of the shares in any Australian Company held by or on behalf of any Bank, or Branch of a Bank, situated in the United Kingdom the assets of which Bank or Branch are under the control of a Controller appointed by the Treasury of the United Kingdom, subject to the following conditions:—

(a) That as regards shares in any mining or metallurgical company within the meaning of the War Precautions (Mining) Regulations the shares are sold or disposed of by the Controller only to a person who is within the meaning of those Regulations either a natural-born British subject or a person other than a natural-born British subject to whom the Attorney-General has granted consent in writing to acquire shares in that company ; and

(b) That as regards shares in any other company, the shares are sold or disposed of by the Controller to a person other than—

(i) an enemy subject; or

(ii) a naturalized person of enemy origin to whom the Attorney-General has not granted an exemption from the provisions of these Regulations.”

 

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

C.12355.—Price 3d.