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COMMONWEALTH INSCRIBED STOCK REGULATION 2015 (SLI NO 65 OF 2015) - NOTES

 

Select Legislative Instrument No. 65, 2015

I, General the Honourable Sir Peter Cosgrove AK MC (Ret'd), Governor-General of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, make the following regulation.

Dated 30 April 2015

Peter Cosgrove

Governor-General

By His Excellency's Command

Joe Hockey

Treasurer

  

  

  


Contents

Part 1--Preliminary                                                                                                             1

1............ Name................................................................................................... 1

2............ Commencement................................................................................... 1

3............ Authority............................................................................................. 1

4............ Schedules............................................................................................ 1

5............ Definitions.......................................................................................... 1

6............ Prescribed person for definition of certified copy................................ 2

Part 2--Stock                                                                                                                            3

Division 1--Creation and issue of stock                                                             3

7............ Prescribed stock for subsection 4(1)................................................... 3

Division 2--Registries                                                                                                  4

8............ Correction of Register......................................................................... 4

9............ Assistance to be provided to Registrar................................................ 4

10.......... Specimen signature............................................................................. 4

11.......... Inscription of stock in names of unincorporated associations............. 5

Division 3--Transfer and transmission of stock                                            6

12.......... Transfers of stock within a Registry................................................... 6

13.......... Section 27 of the Act does not apply to certain transactions................ 6

14.......... Transmission application..................................................................... 6

15.......... Prescribed amount of stock for subsection 29(2) of the Act (verification of transmission)      7

16.......... Death of joint owner of stock.............................................................. 7

17.......... Transfer of stock to administrator of certain estates............................ 7

18.......... Marked transfers................................................................................. 8

Part 3--Bearer securities                                                                                                   9

19.......... Prescribed securities made out under subsection 51A(1).................... 9

20.......... Application of Treasury Bills Act....................................................... 9

21.......... Payment of defaced, lost, stolen or destroyed bearer security or coupon  9

22.......... Destruction of bearer security or coupon.......................................... 10

Part 4--Miscellaneous                                                                                                       11

23.......... Delegation of Treasurer's powers..................................................... 11

Schedule 1--Repeals                                                                                                          12

Commonwealth Inscribed Stock Regulations                                                      12

 


  



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