Federal Register of Legislation
Commonwealth Government Securities Legislation Amendment (Retail Trading) Act 2012
No. 155, 2012
An Act to change the law relating to securities issued by the Commonwealth and beneficial interests in such securities, and for related purposes
Contents 1 Short title 2 Commencement 3 Schedule(s) Schedule 1—Retail trade in Commonwealth Government securities Commonwealth Inscribed Stock Act 1911 Corporations Act 2001 Schedule 2—Minor amendments Commonwealth Inscribed Stock Act 1911
Commonwealth Government Securities Legislation Amendment (Retail Trading) Act 2012 No. 155, 2012
An Act to change the law relating to securities issued by the Commonwealth and beneficial interests in such securities, and for related purposes
[Assented to 17 November 2012]
The Parliament of Australia enacts:
1 Short title This Act may be cited as the Commonwealth Government Securities Legislation Amendment (Retail Trading) Act 2012.
2 Commencement This Act commences on the day after this Act receives the Royal Assent.
3 Schedule(s) Each Act that is specified in a Schedule to this Act is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this Act has effect according to its terms.
Schedule 1—Retail trade in Commonwealth Government securities
Commonwealth Inscribed Stock Act 1911
1 Subsection 3(1) Insert: depository interest means a beneficial interest in stock issued by a depository nominee (as a depository nominee).
2 Subsection 3(1) Insert: depository interest registry operator means a person who has been engaged by a depository nominee to make payments: (a) on behalf of the depository nominee; and (b) to holders of depository interests issued by the depository nominee; and (c) on account of those interests.
3 Subsection 3(1) Insert: depository nominee means a person who, with the agreement of the Commonwealth, issues to someone else one or more beneficial interests in stock the person: (a) owns legally; or (b) would own beneficially, apart from the issue of those interests; or (c) has a beneficial interest in.
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