Commonwealth Consolidated Regulations

FINANCIAL MANAGEMENT AND ACCOUNTABILITY REGULATIONS 1997 - REG 20

                If an official, in the course of carrying out duties as an official, receives bonds, debentures or other securities, the official must:

                (a)    issue a receipt for the bonds, debentures or other securities received; and

               (b)    maintain a register of all bonds, debentures or other securities received; and

                (c)    take reasonable steps to safeguard the bonds, debentures or other securities.

Note    Section 40 of the Act imposes a penalty for a failure to deal with bonds, debentures or other securities in accordance with these Regulations.