STATUTORY RULES.
1946. No. 14.
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REGULATION UNDER THE RE-ESTABLISHMENT AND EMPLOYMENT ACT 1945.*
I, THE GOVERNOR-GENERAL in and over the Commonwealth of Australia, acting with the advice of the Federal Executive Council, hereby make the following Regulation under the Re-establishment and Employment Act 1945.
Dated this seventeenth day of January, 1946.
HENRY
Governor-General.
By His Royal Highness’s Command,
JOHN J. DEDMAN
Minister of State for Post-war Reconstruction.
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Amendment of the Re-establishment and Employment Regulations.†
After regulation seven of the Re-establishment and Employment Regulations the following regulation is inserted:—
Arrangements with Commonwealth Bank, States, State authorities and State Savings Banks.
“8. Section ninety-eight of the Principal Act is amended—
(a) by inserting in sub-section (1.), after the word ‘Australia,’ (first occurring), the words ‘with a State,’;
(b) by inserting in that sub-section, after the word ‘Australia,’ (second occurring), the words ‘by the State’; and
(c) by inserting after that sub-section the following sub-section:—
‘(1a.) Where any Bank, State or authority which has entered into any agreement under the last preceding sub-section makes any loan, to, or gives any guarantee with respect to a loan made to, an eligible person, in accordance with that agreement, the Bank, State or authority, as the case may be, may take any security in respect of the loan or guarantee in its own name.’”.
* Notified in the Commonwealth Gazette on 21st January, 1946.
† Statutory Rules 1945, No. 181.
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By Authority: L. F. Johnston, Commonwealth Government Printer, Canberra.
7246.—Price 3d.
Overview
The Re-establishment and Employment Regulations 1946, made under the Re-establishment and Employment Act 1945, were introduced to address the urgent need for post-war reconstruction and employment opportunities for returning service members. Enacted by the Governor-General in accordance with the Federal Executive Council's advice, these regulations aimed to facilitate the transition of veterans back into civilian life by providing financial support through loans and guarantees. The policy objective was to ensure that returning service members could secure necessary funds for employment and re-establishment in civilian society, with arrangements including agreements with the Commonwealth Bank, state governments, and state authorities. These measures were designed to help alleviate the socio-economic challenges faced by ex-servicemen and women as they reintegrated into Australian society post-war.
Scope and Application
This legislative instrument, Statutory Rules 1946, No. 14, constitutes a regulation under the Re-establishment and Employment Act 1945, which amends the Re-establishment and Employment Regulations to introduce new provisions concerning arrangements with Commonwealth Bank, states, state authorities, and state savings banks. The regulation applies to entities such as the Commonwealth Bank, state banks, and state authorities that enter into agreements under the Act to provide loans or guarantees to eligible persons. The amendment allows these entities to take security in their own name for loans or guarantees provided in accordance with these agreements. This regulation extends its application nationally across the Commonwealth of Australia, ensuring uniformity in the way these financial arrangements are conducted. The regulation does not explicitly state any exclusions, exemptions, or thresholds, but it does clarify the conditions under which security may be taken. The scope of the regulation is further defined and potentially extended through subordinate instruments, which may include additional rules or clarifications necessary for its implementation.
Key Provisions
The principal operative sections of this statutory rule are the amendments to the Re-establishment and Employment Regulations. Specifically, regulation 8 (paragraphs a, b, and c) modifies section ninety-eight of the Principal Act to include arrangements with states, state authorities, and state savings banks. Regulation 8(1a) further stipulates that any bank, state, or authority entering into an agreement with a Commonwealth bank may take security in respect of any loans or guarantees made to eligible persons.
Under this Act, parties or entities such as banks, states, and authorities are obligated to enter into agreements that allow for loans and guarantees to eligible persons. Additionally, these entities must comply with the stipulations in regulation 8(1a) by taking appropriate security in respect of any loans or guarantees they provide. These obligations are designed to facilitate the financial support of eligible individuals under the broader framework of the Re-establishment and Employment Act 1945.
The statutory rule outlines certain consequences for non-compliance with the regulations. While specific offences and penalties are not detailed in the text, breaches of these regulations could potentially lead to legal action. The penalties could include fines or other civil remedies, as per the general provisions of the Re-establishment and Employment Act 1945. However, the exact nature and maximum penalties for any breaches are not explicitly stated in this particular regulation.