Treasury Bills Regulations

Treasury Bills Regulations

Statutory Rules 1927 No. 156 as amended

made under the

Treasury Bills Act 1914

This compilation was prepared on 27 August 2004
taking into account amendments up to SR 1966 No. 62

Prepared by the Office of Legislative Drafting,
Attorney-General’s Department, Canberra

Contents

 1 Citation [see Note 1] 

 2 Interest on Bills 

 3 Form of Bills 

 4 Redemption of Bills 

 5 Repeal 

Notes   

1 Citation [see Note 1]

  These Regulations may be cited as the Treasury Bills Regulations.

2 Interest on Bills

  Treasury Bills shall bear interest payable quarterly on the
31st March, 30th June, 30th September, and 31st December in each year: Provided that where any Treasury Bills specify some other dates as being those upon which interest shall be payable, those Treasury Bills shall bear interest payable upon the dates as specified.

3 Form of Bills

  Treasury Bills shall be issued in the following form:

COMMONWEALTH OF AUSTRALIA

Treasury Bill

Transferable by Delivery

No. $

Issued under the Treasury Bills Act 1914-1915

 This Bill entitles the bearer to payment at the Commonwealth Treasury at Melbourne of                                           dollars (or such reduced amount as may be indorsed hereon) on the                             day of                                     , One thousand nine hundred and                            , together with interest thereon at the rate of                             per centum per annum payable, and such sums are secured on the Consolidated Revenue of the Commonwealth of Australia.

Dated this    day of   , 19  .

Secretary to the Treasury.

Registered at the Audit Office, Melbourne.

Auditor-General.

4 Redemption of Bills

  On the redemption in part of any Treasury Bill, it shall not be necessary to cancel the Bill, but a certificate shall be indorsed thereon, signed by the Secretary to the Treasury and registered in the office of the Auditor-General, specifying the amount of such redemption and the amount of such Bill that remains unredeemed.

5 Repeal

  The Regulations under the Treasury Bills Act 1914-1915 (being Statutory Rules 1922, No. 44 as amended by Statutory Rules 1922, No. 78 and Statutory Rules 1923, No. 21) are repealed as from the commencement of these Regulations.

Notes to the Treasury Bills Regulations

Note 1

The Treasury Bills Regulations (in force under the Treasury Bills Act 1914) as shown in this compilation comprise Statutory Rules 1927 No. 156 amended as indicated in the Tables below.

Table of Statutory Rules

Table of Amendments