Commonwealth Numbered Acts

LOAN (INCOME EQUALIZATION DEPOSITS) AMENDMENT ACT 1984 No. 173, 1984 - SECT 18

18. Section 27A of the Loan (Drought Bonds) Act 1969*2* is amended by omitting
sub-section (1) and substituting the following sub-section:

"(1) Where the holder of a parcel of stock makes an application under section
12A of the Loan (Income Equalization Deposits) Act 1976 for the conversion of
stock included in that parcel into a non-Class C deposit within the meaning of
that Act, that stock shall be deemed to have been redeemed on the date on
which the application was made, but the holder of the stock is not entitled to
any payment in respect of the redemption other than a payment in respect of
any interest on the stock that accrued in respect of a period before the
application was made.".

*2* No. 99, 1969, as amended. For previous amendments, see No. 216, 1973; No.
207, 1976; and No. 19, 1979.