Victorian Consolidated Legislation

Marketable Securities Act 1970 - SECT 14

Regulations

14. Regulations



(1) The Governor in Council may make regulations for or with respect to any
one or more of the following-

   (a)  prescribing bodies corporate as authorized trustee corporations;

   (b)  prescribing interests to which or interests of a class to which
        Division 5 of Part IV of the Companies Act 1961 applies as prescribed
        securities;

   (c)  prescribing stock exchanges in the State as prescribed stock
        exchanges;

   (d)  prescribing any matter or thing that is required or necessary to be
        prescribed or provided for the purposes of this Act and without
        limiting the generality of the foregoing providing for a penalty not
        exceeding 5 penalty units for a breach of or non-compliance with a
        provision of the regulations.

(2) The Regulations shall not prescribe a body corporate as an authorized
trustee corporation unless it is a body corporate that in the opinion of the
Minister holds in the ordinary course of its business marketable securities
for or on behalf of another person.

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