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LOANS SECURITIES ACT 1919 - NOTES

Act No. 25 of 1919 as amended

This compilation was prepared on 24 July 2008
taking into account amendments up to Act No. 78 of 2008

The text of any of those amendments not in force
on that date is appended in the Notes section

The operation of amendments that have been incorporated may be
affected by application provisions that are set out in the Notes section

Prepared by the Office of Legislative Drafting and Publishing,
Attorney‑General's Department,
Canberra

  

  

  


Contents

1............ Short title [see Note 1] ....................................................................... 1

2............ Interpretation ...................................................................................... 1

3............ Conditions of loans ............................................................................. 1

4............ Payment of principal and interest ...................................................... 2

5............ Establishment of Registries and appointment of Registrars ............... 2

5A......... Powers of Treasurer in relation to borrowings outside Australia ....... 2

5B......... Power of Treasurer to enter into swaps or other financial arrangements                 3

5BA...... Power to enter into securities lending arrangements ........................... 3

5C......... Jurisdiction of foreign courts .............................................................. 4

5D......... Delegation under sections 3, 5A, 5B and 5C ...................................... 5

5E.......... Delegation of powers and functions under section 5BA .................... 6

6............ Provisions for payment of judgments in United Kingdom ................. 6

6A......... Currency in which moneys may be borrowed .................................... 7

6B......... Exemption of certain securities issued abroad from taxation .............. 7

7............ Regulations ......................................................................................... 8

Notes                                                                                                                                             11


Notes to the Loans Securities Act 1919

Note 1

The Loans Securities Act 1919 as shown in this compilation comprises Act No. 25, 1919 amended as indicated in the Tables below.

All relevant information pertaining to application, saving or transitional provisions prior to 12 July 2008 is not included in this compilation. For subsequent information see Table A.

Table of Acts

Act

Number
and year

Date
of Assent

Date of commencement

Application, saving or transitional provisions

Loans Securities Act 1919

25, 1919

28 Oct 1919

28 Oct 1919

 

Loans Securities Act 1956

82, 1956

7 Nov 1956

7 Nov 1956

--

Loans Securities Act 1959

55, 1959

9 Sept 1959

9 Sept 1959

--

Loans Securities Act 1968

28, 1968

7 June 1968

7 June 1968

--

Statute Law Revision Act 1973

216, 1973

19 Dec 1973

31 Dec 1973

Ss. 9(1) and 10

Administrative Changes (Consequential Provisions) Act 1978

36, 1978

12 June 1978

12 June 1978

S. 8

Loans Securities Amendment Act 1988

131, 1988

22 Dec 1988

22 Dec 1988

--

Statute Law Revision Act 2008

73, 2008

3 July 2008

Schedule 4 (item 385): 4 July 2008

--

Commonwealth Securities and Investment Legislation Amendment Act 2008

78, 2008

12 July 2008

Schedule 1 (items 10, 11, 16): 13 July 2008

Sch. 1 (item 16)
[see Table A]


Table of Amendments

ad. = added or inserted     am. = amended     rep. = repealed     rs. = repealed and substituted

Provision affected

How affected

S. 3......................................

rs. No. 82, 1956; No. 131, 1988

S. 5......................................

am. No. 73, 2008

Ss. 5A, 5B...........................

ad. No. 131, 1988

S. 5BA.................................

ad. No. 78, 2008

S. 5C...................................

ad. No. 131, 1988

Heading to s. 5D..................

am. No. 78, 2008

S. 5D...................................

ad. No. 131, 1988

S. 5E....................................

ad. No. 78, 2008

S. 6......................................

am. No. 36, 1978

S. 6A...................................

ad. No. 82, 1956

S. 6B...................................

ad. No. 55, 1959

 

am. No. 28, 1968; No. 216, 1973

S. 7......................................

am. No. 28, 1968


Table A

Application, saving or transitional provisions

Commonwealth Securities and Investment Legislation Amendment Act 2008 (No. 78, 2008)

Schedule 1

16  Application of items 10 and 11

The amendments made by items 10 and 11 of this Schedule apply to securities lending arrangements entered into on or after the commencement of those items.