LOAN (INCOME EQUALIZATION DEPOSITS) ACT 1976

Table of Provisions

• 1 Short title.  
• 2 Commencement.  
• 3 Interpretation.  
• 4 Borrowings by accepting deposits.  
• 5 Records relating to deposits.  
• 6 Expenses and interest to be paid out of Consolidated Revenue Fund.  
• 7 Establishment of Income Equalization Deposits Trust Account.  
• 8 Loan moneys to be paid into Trust Account.  
• 9 National Debt Sinking Fund Act not to apply.  
• 10 Manner of making deposits.  
• 11 Deposits on behalf of beneficiaries of certain trust estates.  
• 12 Conversion of Drought Bonds.  
• 13 Deposits not transferable.  
• 14 Stamp duty not payable in respect of deposits.  
• 15 Interpretation.  
• 16 Repayment within 12 months on ground of financial difficulties.  
• 17 Repayment of deposits after expiration of 12 months.  
• 18 Repayment of deposit in respect of which no income tax deduction has been allowed.  
• 19 Repayment of excess deposits.  
• 20 Repayment in case of death, bankruptcy or winding-up.  
• 21 Deposits repayable in multiples of $100.  
• 22 Reference to Board of Review.  
• 23 Request under section 16 to lapse in certain circumstances.  
• 24 Provisions applicable where request under section 16 pending 12 months after making of deposit.  
• 25 Form of requests, &c.  
• 26 Lodging of deposits, requests, directions and applications.  
• 27 Delegation by authorized person.  
• 28 Regulations.