STATUTORY RULES.
1911. No. 90.
REGULATION UNDER THE POST AND TELEGRAPH ACT 1901.
[Issued provisionally as Statutory Rules 1911, No. 47.]
I, THE GOVERNOR-GENERAL in and over the Commonwealth of Australia, acting with the advice of the Federal Executive Council, hereby make the undermentioned amended Regulation under the Post and Telegraph Act 1901, namely:—
Money Orders,
to come into operation on the first day of July, 1911.
Dated this 9th day of June, One thousand nine hundred and eleven.
DUDLEY,
Governor-General.
By His Excellency’s Command,
JOSIAH THOMAS.
Money Orders.
Regulation No. 6 under this head (Statutory Rules 1907, No. 57) is repealed, and the following Regulation inserted in lieu thereof:—
6. No single order payable in the Commonwealth may be issued for more than £20. Two or more orders may be obtained when it is desired to remit larger amounts. No order may contain a fraction of a penny.
Printed and Published for the Government of the Commonwealth of Australia by J. Kemp, Government Printer for the State of Victoria.
C.8473.—Price 3d.
Overview
The Statutory Rules 1911, No. 90, issued by the Governor-General in Council under the Post and Telegraph Act 1901, introduces amendments to the regulation concerning money orders. This legislative instrument was enacted to refine the existing framework governing the issuance and amount limits of money orders, which were a common method for transferring funds in the early 20th century. By specifying that no single order could exceed £20, the regulation aimed to provide a clear limit on the amount that could be transmitted through a single transaction, while also allowing for the combination of multiple orders to remit larger sums. The policy objective is to maintain orderly financial transactions and prevent any single order from exceeding a specified threshold, thereby ensuring that money orders remain a reliable and controlled means of monetary transfer.
The regulation also stipulates that no money order may contain a fraction of a penny, which reinforces the precision and integrity of financial transactions within the Commonwealth. The Governor-General, with the advice of the Federal Executive Council, enacted these amendments to address any ambiguity or potential for error in the monetary values of orders, thus contributing to a more structured financial system. These amendments came into effect on the first day of July, 1911, providing a clear directive on the use of money orders in accordance with the prevailing financial practices of the time.
Scope and Application
The Statutory Rules of 1911, No. 90, issued under the Post and Telegraph Act 1901, pertain to the regulation of money orders within the Commonwealth of Australia. This legislative instrument specifies that no single money order payable in the Commonwealth may exceed the sum of £20. If a larger amount needs to be remitted, multiple orders must be obtained. Additionally, the regulation mandates that no money order may contain a fraction of a penny, ensuring all amounts are rounded to the nearest whole penny. The application of these rules is nationwide, covering all transactions within the Commonwealth, and the regulation replaces the previous Rule No. 6 from Statutory Rules 1907, No. 57. This regulation thus applies to individuals, businesses, and any entity involved in the issuance or receipt of money orders across Australia, governing their financial transactions through the postal system.
Key Provisions
The key operative section of this statutory regulation (section 6) establishes the maximum limit for a single money order issued in the Commonwealth, which is set at £20. It also stipulates that if an individual wishes to remit a larger sum, they must obtain two or more orders. Additionally, it mandates that no order can contain a fraction of a penny. These provisions are designed to ensure that money orders are issued in whole amounts and to limit the maximum value of a single order to £20, which was a significant amount at the time of the regulation's enactment.
The regulation imposes several obligations on the parties involved in the issuance and use of money orders. Firstly, the issuers of money orders must ensure that each order complies with the specified limits and that the amount specified is a whole number. Secondly, recipients of money orders must be aware that they cannot receive a single order exceeding £20. If larger amounts need to be remitted, multiple orders must be obtained. Furthermore, the regulation requires that the total amount specified on any money order must be a whole amount without any fractions.
Breaches of this regulation can lead to several consequences. While the specific legal consequences for non-compliance are not detailed within the regulation itself, it can be inferred that failure to adhere to the monetary limits and whole-number requirements could result in the invalidity of the money order. In a broader legal context, such non-compliance could potentially lead to civil or criminal penalties, depending on the intent behind the breach and its impact. However, the regulation does not specify maximum penalties for breaches, leaving it to the courts to determine appropriate sanctions in the event of a violation.