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

STATUTORY RULES.

1918. No. 74.

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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 the twentieth day of March, 1918.

R. M. FERGUSON,

Governor-General.

By His Excellency’s Command,

G. F. PEARCE,

Minister of State for Defence.

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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, 194, 229 and 265.)

1. After regulation 5 of the War Precautions (Enemy Shareholders) Regulations the following regulations are inserted:—

Natural born wife of enemy subject.

“5a. For the purposes of these Regulations, a woman who is the wife of an enemy subject and who, prior to marriage, was a natural-born British subject, shall be deemed to be a naturalized person of enemy origin.”

Shares held on behalf of enemy subjects, &c.

“5b. Where shares are registered in the name of a person who is not an enemy subject or a naturalized person of enemy origin, and are held by him on behalf of an enemy subject or a naturalized person of enemy origin, the provisions of these Regulations shall apply to the shareholder in respect of the shares so registered and held as if he were an enemy subject or a naturalized person of enemy origin, as the case may be.”

2. Regulation 11 of the War Precautions (Enemy Shareholders) Regulations is amended by inserting therein after sub-regulation (3) the following sub-regulation:—

“(3a.) The Attorney-General may, if he thinks fit, direct that the proceeds of the sale of any such shares be paid—

(a) 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,

(b)to any person in satisfaction of a judgment obtained by him against the person by or from whom the shares were transferred,

C.4660—Price 3d.

 

(c) to the public trustee or other officer of a State in whom is vested the estate of the person by or from whom the shares were transferred, or

(d)to the official assignee in bankruptcy of the estate of the person by or from whom the shares were transferred.”

3. 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 public trustee or other officer of a State in whom is vested the estate of the person by or from whom the shares were transferred, or may be paid to the official assignee in bankruptcy of the estate of the person by or from whom the shares were transferred.”

 

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