New South Wales Consolidated Regulations

PUBLIC AUTHORITIES (FINANCIAL ARRANGEMENTS) REGULATION 2005 - REG 29

29 Payments on stock

(1) Payments on inscribed stock issued by an authority are to be made:

(a) to the owner of the stock or, if there is more than one owner registered in relation to the stock, to the owner whose name appears first on the inscribed stock register, and

(b) in such manner as is determined from time to time by the authority.

(2) Interest on debentures issued by an authority is to be paid:

(a) in the case of debentures issued with coupons attached, on presentation of the coupons at a place designated on the coupons, or

(b) in the case of debentures issued without coupons attached, in accordance with the terms of the debentures.