Commonwealth Inscribed Stock Regulations (Amendment)

Legislation au C1936L00072 Regulations Not in force Legislative Instrument

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STATUTORY RULES.

1936. No. 72.

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REGULATIONS UNDER THE COMMONWEALTH INSCRIBED STOCK ACT 1911-1933.*

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 Commonwealth Inscribed Stock Act 1911-1933.

Dated this twenty-eighth day of May, 1936.

(SGD.) GOWRIE.

Governor-General.

By His Excellency’s Command,

Treasurer.

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Amendment of the Commonwealth Inscribed Stock Regulations.†

1. Regulations 48, 49 and 50 of the Commonwealth Inscribed Stock Regulations are repealed and the following regulations inserted in their stead:—

“48. Before handing over the bonds the Registrar shall cause the overdue interest coupons to be cut off and cancelled.

“49. At the close of each month the Registrar shall forward to the Secretary to the Treasury by registered letter—

(a) all interest coupons cut off in pursuance of the last preceding regulation, together with a return in accordance with Form 24; and

(b) a return in accordance with Form 25 of all bonds issued in exchange for stock, for notation in the General Register of Treasury Bonds,

and shall forward a duplicate of the returns to the Auditor-General.”.

2. Regulations 53 and 54 of the Commonwealth Inscribed Stock Regulations are repealed and the following regulations inserted in their stead:—

“53. The Registrar shall cancel all bonds surrendered under the last preceding regulation.

“54. At the close of each month the Registrar shall forward to the Secretary to the Treasury, for notation in the General Register of Treasury Bonds, all bonds so surrendered during the month, with interest coupons attached, together with a notice in accordance with Form 30, and shall forward a duplicate of the notice to the Auditor-General.”.

 

* Notified in the Commonwealth Gazette on , 1936.

† Statutory Rules 1927, No. 157, as amended by Statutory Rules 1928, Nos. 29 and 61; 1931, Nos. 17, 102, 129 and 151; 1932, Nos. 71 and 135; 1934, Nos. 8 and 123 ; and 1935, No. 128.

2428.—6/14.5.1936.—Price


3. Regulations 63 and 64 of the Commonwealth Inscribed Stock Regulations are repealed and the following regulations inserted in their stead:—

“63.—(1.) The Registrar shall cancel all Treasury Bonds surrendered for other bonds under regulations 61 and 62 of these Regulations, and, at the close of each month, shall forward to the Secretary to the Treasury all bonds so surrendered during the month, with interest coupons attached, together with a notice in accordance with Form 41, and shall forward a duplicate of the notice to the Auditor-General.

(2.) The Registrar shall specially indicate on Form 41 bonds surrendered under regulation 62 in exchange for bonds to be issued in another State, and the names of the States in which the bonds are to be issued.

“64.—(1.) At the close of each month, the Registrar shall forward to the Secretary to the Treasury, for notation in the General Register of Treasury Bonds, a return in accordance with Form 42, setting forth the numbers of bonds, their denominations, and the total number of bonds issued in exchange for other bonds under regulations 61 and 62 of these Regulations, and shall forward a duplicate of the return to the Auditor-General.

“(2.) The Registrar shall specially indicate on Form 42 bonds issued in exchange for bonds surrendered in another State, and the name of the State in which each bond was surrendered.”.

4. Regulation 65 of the Commonwealth Inscribed Stock Regulations is repealed and the following regulation inserted in its stead:—

“65.—(1.) Before handing over the bonds in exchange for those surrendered under regulations 61 and 62 of these Regulations, the Registrar shall cause the overdue coupons to be cut off and cancelled.

“(2.) At the close of each month, the Registrar shall forward the coupons to the Secretary to the Treasury by registered letter accompanied by a return in Form 43, and shall forward a duplicate of the return to the Auditor-General.

“(3.) The Registrar shall specially indicate on Form 43 coupons cut from bonds issued in respect of bonds surrendered in another State, and the name of the State in which each bond was surrendered.”.

5. Regulation 66 of the Commonwealth Inscribed Stock Regulations is amended by omitting paragraph (d) and inserting in its stead the following paragraph:—

“(d) The Registrar shall forward to the Secretary to the Treasury daily, for notation in the General Register of Treasury Bonds, a return in accordance with Form 45, setting forth the numbers of bonds, their denominations, and the total amount of bonds sold under paragraph (a) of this regulation, and he shall forward a duplicate of the return to the Auditor-General.”.


6. Regulation 67 of the Commonwealth Inscribed Stock Regulations is repealed and the following regulation inserted in its stead:—

“67. At the close of each month, the Registrar shall forward to the Secretary to the Treasury, for notation in the General Register of Treasury Bonds, a return in accordance with Form 46 setting forth the numbers of bonds, their denominations, and the total number of bonds issued as a result of subscriptions obtained by public tender, and shall forward a duplicate of the return to the Auditor-General.”.

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

Overview

The Commonwealth Inscribed Stock Regulations 1936, enacted by the Governor-General in Council under the Commonwealth Inscribed Stock Act 1911-1933, address the administrative and procedural aspects of the management of Commonwealth inscribed stock. The aim of these regulations is to ensure the efficient handling of bonds, coupons, and the recording of transactions in the General Register of Treasury Bonds. This legislation was introduced to provide clear guidelines for the Registrar, ensuring that all bond-related activities, including the cancellation of overdue interest coupons, the monthly forwarding of relevant documents to the Secretary to the Treasury, and the notation of transactions in the General Register of Treasury Bonds, are meticulously recorded and reported. The regulations also mandate that duplicates of these reports be sent to the Auditor-General for auditing purposes.

Scope and Application

The Commonwealth Inscribed Stock Regulations 1936 govern the procedures for the management and record-keeping of Commonwealth inscribed stock. These regulations apply to the Registrar of the Commonwealth Inscribed Stock and the Secretary to the Treasury, ensuring that the handling and documentation of Treasury Bonds, including the cancellation of interest coupons and the issuance of new bonds, are conducted in accordance with prescribed forms and processes. The regulations mandate the monthly submission of detailed returns and notices regarding the transactions of Treasury Bonds to both the Secretary to the Treasury and the Auditor-General for record-keeping and auditing purposes. The scope of the Act extends to the Commonwealth level, impacting entities and individuals involved in the management and exchange of inscribed stock within Australia. The Act does not explicitly state any exclusions or exemptions, thus it applies broadly to all relevant transactions unless otherwise specified in subordinate instruments. The detailed requirements and forms provided within the regulations ensure that the Treasury can maintain accurate and up-to-date records of all inscribed stock transactions.

Key Provisions

The Commonwealth Inscribed Stock Regulations 1936, made under the Commonwealth Inscribed Stock Act 1911-1933, introduce new provisions for the handling of Treasury bonds and coupons. Regulation 48 mandates that the Registrar must cut off and cancel overdue interest coupons before handing over bonds. Regulation 49 requires the Registrar to send all cut-off coupons and a monthly return in Form 24, along with a return in Form 25 for bonds issued in exchange for stock, to the Secretary to the Treasury and a duplicate to the Auditor-General. Regulation 53 specifies that the Registrar must cancel all bonds surrendered, and Regulation 54 requires the Registrar to forward surrendered bonds with attached coupons and a notice in Form 30 to the Secretary to the Treasury and a duplicate to the Auditor-General by the end of each month. Regulation 63(1) requires the cancellation of Treasury Bonds surrendered for other bonds, with details sent to the Secretary to the Treasury and the Auditor-General in Form 41 at month-end, including special indications for bonds exchanged in another State. Regulation 63(2) mandates the forwardation of details in Form 42 to the Secretary to the Treasury and the Auditor-General, with special indications for bonds issued in exchange for those surrendered in another State. Regulation 65(1) requires the cutting off and cancelling of overdue coupons before handing over bonds in exchange for those surrendered, with the coupons sent to the Secretary to the Treasury and the Auditor-General in Form 43 at month-end, including special indications for coupons from bonds surrendered in another State. Regulation 65(2) and (3) further detail the forwarding of these returns. Regulation 66(d) amends the daily forwardation of bond sales details to the Secretary to the Treasury and the Auditor-General in Form 45. Lastly, Regulation 67 requires the Registrar to send details of bonds issued through public tender in Form 46 to the Secretary to the Treasury and a duplicate to the Auditor-General by the end of each month. The obligations imposed by these regulations are primarily on the Registrar, requiring meticulous record-keeping and timely reporting to the Secretary to the Treasury and the Auditor-General. The Registrar must ensure the proper cancellation of interest coupons and bonds, maintain accurate records of all transactions involving Treasury bonds, and forward detailed returns in the specified forms at the end of each month or daily, as required. These obligations are designed to ensure transparency and accountability in the management of Treasury bonds and related financial instruments. The Act does not explicitly outline offences, penalties, or consequences for breach of these regulations. However, non-compliance with regulatory requirements could potentially lead to administrative or legal repercussions, depending on the severity and impact of the breach. The precise consequences would be determined in the context of any resulting investigation or legal action, and could include administrative penalties, fines, or other corrective measures imposed by the relevant authorities.

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Sourced from the Federal Register of Legislation at 26 August 2026. For the latest information on Australian Government law please go to https://www.legislation.gov.au.