Commonwealth Consolidated Regulations

TREATY OF PEACE REGULATIONS - REG 46

Subject to subsection (1D) of regulation 36 and to regulations 36AA and 36AB of these Regulations the Custodian shall not unless by direction of the Governor-General, sell any property to any purchaser other than to:

(a)

a person who is an Australian soldier, or who is a natural-born British subject;

(b)

a company in which at least two-thirds of the shares issued by the company are held by persons who are natural-born British subjects and of which the Articles of Association contain a provision prohibiting the sale or transfer of shares in the company to persons who are not natural-born British subjects;

(c)

a company registered in any part of His Majesty's Dominions, in which at least two-thirds of the shares issued by the company are held by persons who are natural-born British subjects and which is approved by the Attorney-General.