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Version No. 001 Borrowing and Investment Powers (Stock, Bonds and Debentures) Regulations 2017 S.R. No. 95/2017 Version as at 17 September 2017 TABLE OF PROVISIONS Regulation Page Part 1—Preliminary 1 1 Objectives 1 2 Authorising provision 1 3 Application 1 4 Commencement 2 5 Revocation 2 6 Definitions 2 Part 2—Establishment of registry and appointment of registrar 4 7 Establishment of registry and hours of business 4 8 Appointment of registrar 4 Part 3—Stock 5 Division 1—Establishment of the stock register and the issue and registration or inscription of stock 5 9 The stock register 5 10 Entries of the stock register 5 11 Co-ownership of stock 6 12 Inspection of stock register 6 1

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Version No. 001

Borrowing and Investment Powers (Stock, Bonds and Debentures) Regulations 2017

S.R. No. 95/2017

Version as at17 September 2017

TABLE OF PROVISIONSRegulation Page

Part 1—Preliminary 1

1 Objectives 12 Authorising provision 13 Application 14 Commencement 25 Revocation 26 Definitions 2

Part 2—Establishment of registry and appointment of registrar 4

7 Establishment of registry and hours of business 48 Appointment of registrar 4

Part 3—Stock 5

Division 1—Establishment of the stock register and the issue and registration or inscription of stock 5

9 The stock register 510 Entries of the stock register 511 Co-ownership of stock 612 Inspection of stock register 613 Application to purchase stock 614 Trusts 615 Unincorporated bodies 716 Firms or partnerships 817 Certificates of registration or inscription 818 Specimen signature 819 Change of name and address 820 Amendment of the stock register 9

Division 2—Transfer and transmission of stock 9

21 Transfer of stock 9

1

22 Transmission of stock 1023 Registration of transmission of stock 1124 Marked transfers 11

Division 3—Payment of interest and repayment of principal 12

25 Payment of interest and repayment of principal on stock 12

Division 4—Other matters 12

26 Transactions before payment of interest or principal 1227 Minors 13

Part 4—Bonds and debentures (bearer instruments) 14

28 Form of bond with coupons 1429 Form of bond without coupons 1430 Form of bearer instruments 1431 Bearer instruments pass by delivery 1532 Rights of bearer 1533 Payment of interest and repayment of principal on bearer

instruments 1534 Minors 1635 The bond register and debenture register 1636 Entries to the bond register and debenture register 1637 Inspection of the bond register or debenture register 1738 Replacement of bearer instruments 1739 Bearer instruments exchanged for stock 1840 Exchange of bearer instruments 1941 Cancellation and discharge etc. of bearer instruments 19

Part 5—General 21

42 Safe custody of documents 2143 Verification of signatures 2144 Other precautions to be taken by registrar 2145 Person unable to sign 22

Schedule 1—Forms 23

═════════════

Endnotes 25

1 General information 25

2 Table of Amendments 27

3 Amendments Not in Operation 28

4 Explanatory details 29

2

Version No. 001

Borrowing and Investment Powers (Stock, Bonds and Debentures) Regulations 2017

S.R. No. 95/2017

Version as at17 September 2017

Part 1—Preliminary1 Objectives

The objectives of these Regulations are—

(a) to provide for the form of bonds; and

(b) to provide for the issue of stock, bonds and debentures; and

(c) to set out the rights attached to stock, bonds and debentures; and

(d) to provide for the appointment of a registrar and the keeping of registers in Australia for stock, bonds and debentures; and

(e) to provide for the transfer and transmission of stock, bonds and debentures to be issued in Australia by the Treasury Corporation of Victoria under the Act.

2 Authorising provision

These Regulations are made under section 18 of the Borrowing and Investment Powers Act 1987.

3 Application

These Regulations apply to stock, bonds and debentures issued in Australia by the Treasury Corporation of Victoria under Part 2 of the Act.

1

4 Commencement

These Regulations come into operation on 17 September 2017.

5 Revocation

The Borrowing and Investment Powers (Stock, Bonds and Debentures) Regulations 20071 are revoked.

6 Definitions

In these Regulations—

bearer instrument means a bond or debenture issued by the Treasury Corporation of Victoria with or without interest coupons attached;

bond register means the register of bonds kept under regulation 35;

certificate of inscription includes a letter of allotment;

computer means any electronic device for storing or processing information;

debenture means a bearer instrument that is a debenture created or issued by the Treasury Corporation of Victoria;

debenture register means the register of debentures kept under regulation 35;

owner includes a joint owner;

registrar means the person appointed under regulation 8;

registry means the registry established under regulation 7;

stock means registered debenture stock or inscribed stock;

2

stock register means the register of stock kept under regulation 9;

the Act means the Borrowing and Investment Powers Act 1987;

Treasury Corporation of Victoria means the Treasury Corporation of Victoria established under section 5 of the Treasury Corporation of Victoria Act 1992.

3

Part 2—Establishment of registry and appointment of registrar

7 Establishment of registry and hours of business

(1) The Treasury Corporation of Victoria must—

(a) establish a registry; and

(b) maintain the bond register, debenture register and stock register at the registry in accordance with these Regulations.

(2) The registry must be open for business on each day that is a business day for the Treasury Corporation of Victoria during at least the following hours—

(a) 10 a.m. to 12 p.m.; and

(b) 2 p.m. to 4 p.m.

8 Appointment of registrar

The Treasury Corporation of Victoria must appoint a registrar of the registry.

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Part 3—Stock

Division 1—Establishment of the stock register and the issue and registration

or inscription of stock9 The stock register

The Treasury Corporation of Victoria must establish and maintain a register of stock at the registry.

10 Entries of the stock register

(1) The registrar must ensure that the following details are entered into the stock register in relation to all stock issued by the Treasury Corporation of Victoria—

(a) the name of each owner of the stock; and

(b) an address to which certificates, receipts, other documents and money relating to the stock are to be forwarded.

(2) The registrar may keep the stock register in book form, in the form of a paper or card record or by computer.

(3) If the registrar keeps the stock register by computer—

(a) the recording or storing of any information in the computer is to be taken to be the entry of that information in the stock register; and

(b) any material subsequently derived from information recorded or stored in that way is to be taken to be an extract from the stock register.

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11 Co-ownership of stock

In the case of joint purchasers of stock, the names of not more than 4 of those purchasers may be registered or inscribed as the joint owners.

12 Inspection of stock register

(1) At any time the registry is open an owner of stock may inspect the owner's account of stock in the stock register upon written request to the registrar.

(2) An owner may obtain from the registry copies or extracts of the owner's account of stock certified by the registrar to be true copies of or extracts from the register.

13 Application to purchase stock

(1) An application to subscribe for or purchase stock must be made in writing.

(2) In the case of an application by a joint account, the application must contain the names of the proposed owners in the order in which they are to appear in the stock register.

(3) Upon receipt and acceptance of the application and receipt of the purchase money, the registrar must—

(a) inscribe or register in the stock register the full name of each owner of stock and the address to which certificates, receipts, other documents and money related to the stock are to be forwarded; and

(b) issue a certificate of inscription or a certificate of registration.

14 Trusts

(1) Stock may be registered or inscribed in the name of a trustee in the capacity as trustee of a specified trust or trustee without specifying a trust.

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(2) Whether or not stock, or any part of that stock, is registered or inscribed in the name of a trustee, the registrar—

(a) is not affected by notice of any trust; and

(b) is not required to make any inquiries concerning—

(i) any trust; or

(ii) the propriety of anything done in relation to stock or any part of that stock that is registered or inscribed in the name of a trustee.

(3) The registrar must only deal with the person registered or inscribed as owner of the stock and must not take notice of any trust or other beneficial interest that may be claimed by any other person.

15 Unincorporated bodies

(1) Stock may be registered or inscribed in the name of an unincorporated body that—

(a) has a name; and

(b) has a written constitution or rules of association.

(2) Before stock is registered or inscribed in the name of an unincorporated body, the body must give the registrar—

(a) a copy of the body's constitution or rules of association; and

(b) the names and addresses of its officers who have been appointed in accordance with the constitution or rules of association; and

(c) the specimen signatures of those officers.

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(3) The body must notify the registrar of any change in the matters referred to in subregulation (2) as soon as possible following the change.

16 Firms or partnerships

Stock must not be registered or inscribed in the name of a firm or a partnership but may be registered or inscribed in the names of individual partners.

17 Certificates of registration or inscription

(1) If a certificate of registration or inscription is stolen, lost, destroyed or defaced, the registrar may issue a replacement certificate of registration or inscription on receipt of a written request from the owner.

(2) The owner of the inscribed stock may dispose of the stock without the certificate of inscription.

(3) An owner of registered debenture stock cannot dispose of the stock without the certificate of registration for that stock.

(4) The registrar must keep a record of each replacement certificate issued for registered debenture stock.

18 Specimen signature

A natural person whose name is registered or inscribed, or is proposed to be registered or inscribed, in relation to stock must lodge at the registry a specimen of the person's signature.

19 Change of name and address

If the name or address of an owner of stock changes, the registrar must alter the name or address in the stock register on lodgement by the owner of notice and satisfactory evidence of the change.

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20 Amendment of the stock register

If the registrar is satisfied that stock has been incorrectly registered or inscribed in the stock register as the result of a mistake in any document, the registrar must amend the stock register to correct the inscription or registration.

Division 2—Transfer and transmission of stock21 Transfer of stock

(1) Stock that is registered or inscribed in the stock register may be transferred if—

(a) the transferor and transferee of the stock lodge at the registry an instrument of transfer and acceptance signed by the transferor and transferee; and

(b) in the case of the transfer of registered debenture stock, that instrument is accompanied by the certificate of registration for the stock.

(2) On receipt of an instrument of transfer and acceptance in accordance with subregulation (1), the registrar must register the instrument by taking the following actions—

(a) cancelling the registration or inscription of the stock in the stock register in the name of the transferor and, in the case of registered debenture stock, cancelling the certificate of registration;

(b) registering or inscribing the stock in the stock register in the name of the transferee;

(c) issuing to the transferee a certificate of inscription or, in the case of registered debenture stock, a certificate of registration.

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(3) A person is not entitled to transfer stock worth less than $100 unless that stock is the remaining balance standing to that person's credit in the stock register.

22 Transmission of stock

(1) A person to whom any stock is to be transmitted because of the death or bankruptcy, insolvency or liquidation of the owner of that stock or by any lawful means (other than by a transfer under this Division) may apply in writing to the registrar to be registered or inscribed as the owner of the stock.

(2) A witness must attest the signature of the applicant.

(3) An application for transmission must be accompanied by—

(a) in the case of a transmission because of death—

(i) the probate of the will or the letters of administration or other instrument authorising the applicant to administer the estate of the owner; or

(ii) in the case of a transmission to a survivor of a joint owner, a certificate of death relating to the owner; and

(b) in the case of a transmission because of bankruptcy or insolvency, an office copy of the adjudication or order of sequestration; and

(c) in the case of a transmission because of liquidation, an office copy of the winding up order; and

(d) in the case of a transmission of registered debenture stock, the certificate of registration.

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23 Registration of transmission of stock

(1) The registrar must register a transmission of stock under regulation 22 by taking the following actions—

(a) entering a record of the transmission in the stock register;

(b) registering or inscribing the name of the person to whom the stock has been transmitted in the stock register as the owner of the stock.

(2) After registering a transmission of stock, the registrar must—

(a) in the case of inscribed stock, issue a certificate of inscription to the new owner; or

(b) in the case of registered debenture stock—

(i) cancel the original certificate of registration; and

(ii) issue a certificate of registration to the new owner.

24 Marked transfers

(1) If registration of stock is pending, the registrar may mark a transfer of that stock with words to the effect that the stock is held against the transfer for the period specified in the marking.

(2) If a transfer is marked under subregulation (1), the registrar may refuse to give effect to any dealing in the stock during the period specified in the marking except in accordance with the marked transfer.

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Division 3—Payment of interest and repayment of principal

25 Payment of interest and repayment of principal on stock

(1) Subject to subregulation (2), payment of interest on stock and repayment of the principal sum must be made by a credit to an account in the name of the owner at a bank or other financial institution unless otherwise requested by the owner.

(2) If the registrar is requested by the owner in writing or, in the case of a joint holding, by all the holders in writing—

(a) cheques may be made payable and transmitted by post to the person specified in the request; or

(b) money may be credited to an account at a bank or other financial institution.

(3) Principal on registered debenture stock may only be repaid upon surrender of the certificate of registration to the registrar.

Division 4—Other matters26 Transactions before payment of interest or principal

A transaction relating to stock must not be registered or dealt with—

(a) within 14 days immediately before the day on which interest is due; or

(b) within one month before the date of maturity of the stock.

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27 Minors

(1) Stocks may not be allotted or transferred to a minor unless the minor's parent or guardian has given prior written consent to the allotment or transfer.

(2) Payments on stock inscribed in the name of a minor jointly with the names of persons who are not minors may be made—

(a) as directed by those persons who are not minors; and

(b) without the concurrence of the minor upon sufficient proof of the minority being lodged with the registrar.

(3) Payments on inscribed stock and debenture stock inscribed or registered only in the name of a minor otherwise than in a joint account may be made to a parent or guardian of the minor and the receipt of the parent or guardian is a valid discharge.

(4) In this regulation—

minor means a person who is under the age of 14 years.

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Part 4—Bonds and debentures (bearer instruments)

28 Form of bond with coupons

A bond with coupons attached issued by the Treasury Corporation of Victoria must be in Form 1 as set out in the Schedule.

29 Form of bond without coupons

A bond without coupons attached issued by the Treasury Corporation of Victoria must be in Form 2 as set out in the Schedule.

30 Form of bearer instruments

(1) Bearer instruments, either with or without coupons, must—

(a) be prepared on watermarked paper; and

(b) bear—

(i) the signature of 2 officers of the Treasury Corporation of Victoria (whether personally or by facsimile, stamp or other process); or

(ii) the common seal of the Treasury Corporation of Victoria (or a facsimile or replica of the seal); and

(c) be numbered consecutively in each denomination.

(2) A bearer instrument must specify—

(a) the principal sum secured; and

(b) unless interest coupons are attached, the rate at which interest is payable; and

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(c) the date when and the place where principal is repayable and, unless interest coupons are attached, the dates when and place where interest is payable.

(3) In the case of a bearer instrument issued with interest coupons attached, the amount of interest and the date and place of payment required upon surrender of the coupon must be specified on each coupon.

31 Bearer instruments pass by delivery

A bearer instrument and, if the bearer instrument is issued with interest coupons attached, an interest coupon after being detached passes by delivery and without any words of assignment or endorsement.

32 Rights of bearer

The bearer of a bearer instrument or detached interest coupon has the same rights as a bearer who is expressly named as the payee in the instrument or detached interest coupon.

33 Payment of interest and repayment of principal on bearer instruments

(1) Interest on bearer instruments issued with interest coupons attached is only payable to—

(a) the bearer of the coupons representing that interest; and

(b) upon the surrender of the coupons at the place where interest is payable.

(2) Interest on bearer instruments without interest coupons attached is payable to the bearer of the bearer instruments upon presentation of the bearer instruments at the place where principal is payable.

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(3) Principal on bearer instruments is only payable upon surrender of the bearer instruments at the place where principal is payable.

34 Minors

(1) An issue of bearer instruments must not be made to a person who is known to the registrar to be under the age of 18 years.

(2) The registrar is not bound to inquire as to the age of a person to whom bearer instruments are issued.

35 The bond register and debenture register

The Treasury Corporation of Victoria must establish and maintain a register of bonds and a register of debentures.

36 Entries to the bond register and debenture register

(1) The Treasury Corporation of Victoria, within a reasonable time after the date of issue of any bond or debenture, must cause an entry to be made in the appropriate register specifying the number, due date and amount of the bond or debenture.

(2) The registrar may keep the bond register and the debenture register in book form, in the form of a paper or card record or by computer.

(3) If the registrar keeps the bond register or debenture register by computer—

(a) the recording or storing of any information in the computer is to be taken to be the entry of that information in the bond register or debenture register, as the case may be; and

(b) any material subsequently derived from information recorded or stored in that way is to be taken to be an extract from the bond register or debenture register, as the case may be.

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37 Inspection of the bond register or debenture register

(1) The bond register and debenture register may be inspected at any time the registry is open for business by any person.

(2) A person may obtain from the bond register or debenture register copies or extracts certified by the registrar or an authorised officer to be true copies of or extracts from that register.

38 Replacement of bearer instruments

(1) If a bearer instrument is lost, stolen, destroyed or defaced, the Treasury Corporation of Victoria may issue a replacement bearer instrument to the owner on receiving a written application for the issue of a replacement accompanied by—

(a) a declaration stating that the certificate or document has been lost, stolen, destroyed or defaced and has not been pledged, sold or otherwise disposed of and, if lost, that appropriate searches have been made; and

(b) in the case of a defaced bearer instrument, the bearer instrument; and

(c) in the case of a lost bearer instrument, a written undertaking that if the owner finds or receives the instrument, the owner will return it to the Treasury Corporation of Victoria; and

(d) an indemnity against payment of the original bearer instrument and interest; and

(e) payment of the expenses incurred by the Treasury Corporation of Victoria in issuing the replacement bearer instrument.

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(2) A replacement bearer instrument must have the same currency and be subject to the same provisions and bear the same principal sum and rate of interest as the original bearer instrument.

(3) Before a replacement bearer instrument with coupons is issued, the registrar must cause an interest coupon attached to the replacement instrument to be cut off and cancelled if that coupon—

(a) is payable before the day on which the replacement instrument is issued; and

(b) the equivalent coupon on the lost, stolen destroyed or defaced instrument has been presented for payment.

(4) If the Treasury Corporation of Victoria is satisfied that an interest coupon that has been detached from a bearer instrument is lost, stolen or destroyed before it is paid, the Treasury Corporation of Victoria must, upon the owner delivering to the Treasury Corporation of Victoria an indemnity against payment of the coupon, pay the amount of the coupon to the owner.

39 Bearer instruments exchanged for stock

(1) A person may apply to the registrar in writing for the issue of stock in exchange for bearer instruments.

(2) Upon application under subregulation (1), the Treasury Corporation of Victoria may issue stock in exchange for bearer instruments.

(3) The Treasury Corporation of Victoria must issue stock under subregulation (2) on the same terms and conditions, including any terms and conditions as to interest, as those on which the bearer instruments were issued.

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(4) On the issue of stock under subregulation (2), the registrar must—

(a) issue a receipt for the bearer instruments lodged in exchange for the stock; and

(b) keep a record of the receipts issued.

40 Exchange of bearer instruments

(1) Upon application in writing by the holder, a bearer instrument may be surrendered at the registry in exchange for another bearer instrument to be issued at the registry on the same terms and conditions as those on which the first bearer instrument was issued.

(2) If a bearer instrument with coupons is issued in exchange for a bearer instrument without coupons, the registrar must cause any interest coupons payable on the replacement instrument before the day the replacement instrument is issued to be cut off and cancelled.

(3) An applicant for exchange of bearer instruments for other bearer instruments must pay to the Treasury Corporation of Victoria the reasonable cost of printing the replacement bearer instruments.

41 Cancellation and discharge etc. of bearer instruments

(1) The registrar, on behalf of the Treasury Corporation of Victoria, must ensure that a bearer instrument, including any attached coupons, that is paid off, discharged or exchanged for stock or another bearer instrument is cancelled or destroyed.

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(2) Before a bearer instrument, including any attached coupons, is destroyed, the Treasury Corporation of Victoria must cause the bearer instrument, and the accounts relating to it, to be audited.

(3) If the registrar or other person acting on behalf of the Treasury Corporation of Victoria destroys a bearer instrument under subregulation (1), the Treasury Corporation of Victoria or that person must complete a certificate of destruction that identifies the destroyed bearer instrument and coupons, if any.

(4) A certificate of destruction completed under subregulation (3) must be filed in the office of the Treasury Corporation of Victoria.

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Part 5—General42 Safe custody of documents

The registrar must take reasonable steps to secure the safe custody of all bearer instruments, and of all documents relating to bearer instruments and stock, in the registrar's charge.

43 Verification of signatures

The registrar may, for the purposes of these Regulations, require—

(a) a document to be signed before the registrar or before any person that the registrar nominates; and

(b) the signatory to satisfy the registrar or the person nominated of the identity of the signatory.

44 Other precautions to be taken by registrar

(1) The registrar must cause a notice of dealing to be forwarded to a party to a transaction under the Act or these Regulations if the registrar is not satisfied as to the genuineness of a transaction—

(a) because the party to the transaction is not personally known to the registrar; or

(b) because the registrar is doubtful as to the genuineness of a signature; or

(c) for any other reason.

(2) If a notice of dealing is forwarded to a party, the registrar must not register the transaction until satisfied that the matter is in order.

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45 Person unable to sign

If a person is unable to sign a document that is required to be signed for the purposes of these Regulations, a witness must attest the person's mark on the document.

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Schedule 1—FormsFORM 1—FORM OF BONDS WITH COUPONS

(TREASURY CORPORATION OF VICTORIA) BOND TRANSFERABLE BY DELIVERY

Regulation 28

$ Number

Issued under the Borrowing and Investment Powers Act 1987

This Bond entitles the bearer to the sum of $ ,on with interest in the meantime at the rate of % per annumpayable on in every year in accordance with the attached coupons. The principal sum and interest are guaranteed by the Government of Victoria.

Principal sum and interest are payable at .

Dated:FORM OF COUPON

(TREASURY CORPORATION OF VICTORIA)INTEREST COUPON

Common Seal or signatures of 2 approved officers(TREASURY CORPORATION OF VICTORIA) BONDCOUPON No.DUE DATE

This coupon entitles theBearer to interestin accordance with theBond

payable at

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Form 2—FORM OF BONDS WITHOUT COUPONS (TREASURY CORPORATION OF VICTORIA) BOND TRANSFERABLE BY DELIVERY

Regulation 29

Number

Issued under the Borrowing and Investment Powers Act 1987

This Bond entitles the bearer to the sum of $ on with interest in the meantime at the rate of % per annumpayable on in every year.

The principal sum and interest are guaranteed by the Government of Victoria.

The principal sum and interest are payable at .

Dated:

Common Seal or signatures of 2 approved officers

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Endnotes1 General information

See www.legislation.vic.gov.au for Victorian Bills, Acts and current authorised versions of legislation and up-to-date legislative information.

The Borrowing and Investment Powers (Stock, Bonds and Debentures) Regulations 2017, S.R. No. 95/2017 were made on 12 September 2017 by the Governor in Council under section 18 of the Borrowing and Investment Powers Act 1987, No. 13/1987 and came into operation on 17 September 2017: regulation 4.

The Borrowing and Investment Powers (Stock, Bonds and Debentures) Regulations 2017 will sunset 10 years after the day of making on 12 September 2027 (see section 5 of the Subordinate Legislation Act 1994).

INTERPRETATION OF LEGISLATION ACT 1984 (ILA)

Style changes

Section 54A of the ILA authorises the making of the style changes set out in Schedule 1 to that Act.

References to ILA s. 39B

Sidenotes which cite ILA s. 39B refer to section 39B of the ILA which provides that where an undivided regulation, rule or clause of a Schedule is amended by the insertion of one or more subregulations, subrules or subclauses the original regulation, rule or clause becomes subregulation, subrule or subclause (1) and is amended by the insertion of the expression "(1)" at the beginning of the original regulation, rule or clause.

Interpretation

As from 1 January 2001, amendments to section 36 of the ILA have the following effects:

• Headings

All headings included in a Statutory Rule which is made on or after 1 January 2001 form part of that Statutory Rule. Any heading inserted in a Statutory Rule which was made before 1 January 2001, by a Statutory Rule made on or after 1 January 2001, forms part of that Statutory Rule. This includes headings to Parts, Divisions or Subdivisions in a Schedule; Orders; Parts into which an Order is divided; clauses; regulations; rules; items; tables; columns; examples; diagrams; notes or forms. See section 36(1A)(2A)(2B).

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• Examples, diagrams or notes

All examples, diagrams or notes included in a Statutory Rule which is made on or after 1 January 2001 form part of that Statutory Rule. Any examples, diagrams or notes inserted in a Statutory Rule which was made before 1 January 2001, by a Statutory Rule made on or after 1 January 2001, form part of that Statutory Rule. See section 36(3A).

• Punctuation

All punctuation included in a Statutory Rule which is made on or after 1 January 2001 forms part of that Statutory Rule. Any punctuation inserted in a Statutory Rule which was made before 1 January 2001, by a Statutory Rule made on or after 1 January 2001, forms part of that Statutory Rule. See section 36(3B).

• Provision numbers

All provision numbers included in a Statutory Rule form part of that Statutory Rule, whether inserted in the Statutory Rule before, on or after 1 January 2001. Provision numbers include regulation numbers, rule numbers, subregulation numbers, subrule numbers, paragraphs and subparagraphs. See section 36(3C).

• Location of "legislative items"

A "legislative item" is a penalty, an example or a note. As from 13 October 2004, a legislative item relating to a provision of a Statutory Rule is taken to be at the foot of that provision even if it is preceded or followed by another legislative item that relates to that provision. For example, if a penalty at the foot of a provision is followed by a note, both of these legislative items will be regarded as being at the foot of that provision. See section 36B.

• Other material

Any explanatory memorandum, table of provisions, endnotes, index and other material printed after the Endnotes does not form part of a Statutory Rule. See section 36(3)(3D)(3E).

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2 Table of AmendmentsThere are no amendments made to the Borrowing and Investment Powers (Stock, Bonds and Debentures) Regulations 2017 by statutory rules, subordinate instruments and Acts.

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3 Amendments Not in OperationThere are no amendments which were Not in Operation at the date of this publication.

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4 Explanatory details

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1 Reg. 5: S.R. No. 101/2007.