Commonwealth Consolidated Acts

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COMMONWEALTH INSCRIBED STOCK ACT 1911 - SECT 14

Establishment of registries and appointment of Registrars

  (1)   The Treasurer may:

  (a)   establish Registries for the inscription of stock within the Commonwealth;

  (c)   appoint such Registrars of Stock and Deputy Registrars of Stock as he or she thinks necessary.

  (2)   Any person may be appointed as a Registrar.

  (3)   To avoid doubt, a person that is:

  (a)   the operator of a clearing and settlement facility; or

  (b)   an incorporated company or other body corporate;

may be appointed as a Registrar.

  (4)   A person who holds office as a Registrar must, in the performance of the functions, or the exercise of the powers, of the holder of the office, comply with any relevant requirements:

  (a)   contained in the instrument appointing the person to the office; or

  (b)   contained in any contract or arrangement made, or in any deed of trust or other instrument executed, in connection with the appointment; or

  (c)   made by the regulations.



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