EXPLANATORY STATEMENT
STATUTORY RULES 1986 NO 245
COMMONWEALTH INSCRIBED STOCK ACT 1911
COMMONWEALTH INSCRIBED STOCK REGULATIONS (AMENDMENT)
Section 58 of the Commonwealth Inscribed Stock Act 1911 (the Act) provides that the Governor-General may make regulations, not inconsistent with the Act, prescribing fees payable under the Act and all matters and forms required or necessary or convenient to be prescribed for carrying out or for giving effect to the Act or for the conduct of any business at or in connection with any Registry.
The amendments replace offensive references to ‘unsoundness of mind’ in Regulations 39 and 42 with a reference to ‘a person under legal disability by reason of the state of his or her mind’. The citing of an office of ‘Master in Lunacy’ to administer estates is no longer relevant and has been replaced by a person authorised under law to administer an estate.