Northern Territory Consolidated Regulations

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NORTHERN TERRITORY TREASURY CORPORATION INSCRIBED STOCK REGULATIONS 1998 - REG 32

Directions and notification

    (1)     Where a notification of change of address pursuant to regulation 19 is received on:

        (a)     the date on which interest on stock is due or during the 7 days immediately preceding that date, the notification is not effective until the day following the date on which the interest is due; or

        (b)     the maturity date or during the 7 days immediately preceding that date, the notification is of no affect.

    (2)     Where a direction to pay interest referred to in regulation 30(4) is received on the date on which interest is due or during the 7 days immediately preceding that date, the notification is not effective until the day following the date on which the interest is due.

    (3)     Where a direction to pay principal referred to in regulation 31(2) is received on the maturity date or during the 7 days immediately preceding that date, the notification is of no effect.



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