Contents

Part I--Preliminary                                                                                                               1

1............ Short title [see Note 1] ........................................................................ 1

3............ Interpretation ....................................................................................... 1

Part II--Creation and issue of stock                                                                           3

3A......... Authority to borrow ............................................................................ 3

4............ Power to create stock .......................................................................... 3

5............ Limit on stock and securities on issue ................................................. 4

6............ Stock and interest a charge on revenue ................................................ 4

7............ Issue of stock ...................................................................................... 4

11.......... When interest to cease ......................................................................... 5

13.......... Stock personal property ...................................................................... 5

13A....... Costs and expenses relating to issue and sale of stock ........................ 5

13B....... Costs and expenses incurred in repurchasing or redeeming stock before date of maturity        5

Part III--Inscription of stock                                                                                          6

Division 1--Registries and Registrars                                                                 6

14.......... Establishment of registries and appointment of Registrars .................. 6

Division 2--Inscription of stock                                                                               7

15.......... Stock to be inscribed ........................................................................... 7

16.......... Limit of number of names ................................................................... 7

17.......... Stock certificates ................................................................................. 7

18.......... Owner of legal interest in stock ........................................................... 7

19.......... Protection of Registrar in relation to trusts .......................................... 8

20.......... Preservation of equitable interests ....................................................... 8

21.......... Stock may not be inscribed in the names of persons under 16 years of age              8

21A....... Stock held in official capacity .............................................................. 9

22.......... Receipts for interest ............................................................................. 9

22A....... Inscription in name of Friendly Society or Trade Union ..................... 9

22B....... Inscription of stock in name of unincorporated associations ............. 10

Division 3--Transfers and transmissions                                                         11

23.......... Transfer to another registry ............................................................... 11

24.......... Transfer of stock ............................................................................... 11

24A....... Transfer of certain interests in stock .................................................. 11

24B....... Record of equitable interests ............................................................. 12

24C....... Inscription in Stock Ledger of names of transferees of legal interests in stock          12

27.......... Limitations on registration of transactions ......................................... 13

28.......... Transmission application ................................................................... 13

29.......... Verification of transmission .............................................................. 13

30.......... Registration of transmission of legal interest ..................................... 13

Division 5--Legal provisions                                                                                   15

43.......... Orders to be carried into effect .......................................................... 15

44.......... Evidence ............................................................................................ 15

Part V--Penal provisions                                                                                                 16

49.......... False personation .............................................................................. 16

50.......... Falsification of books or documents ................................................. 16

51.......... Forfeiture of forged documents and illicit forms ............................... 16

Part VA--Treasury Bonds                                                                                             17

51A....... Power to make out and issue Treasury Bonds .................................. 17

51B....... Sale of Treasury Bonds ..................................................................... 17

51BA.... Breach of terms or conditions of issue of Treasury Bonds ............... 17

51C....... Treasury Bills Act to apply to Bonds and other securities ................. 18

51E........ Conversion of stock, Treasury Bonds and other securities ............... 18

51G....... Treasury Bonds may be repurchased out of war loans ...................... 18

Part VB--Delegations and authorisations                                                             19

51H....... Delegation by Governor-General and authorisation by Treasurer ..... 19

51J........ Directions by Governor-General and Treasurer ................................ 20

51JA..... Delegation by Treasurer of powers under section 3A ....................... 20

51K....... Delegation by Treasurer of powers under sections 14 and 29 ........... 21

Part VI--Miscellaneous                                                                                                     22

52.......... Investments in stock .......................................................................... 22

52A....... Stock certificates etc. not liable to stamp duty ................................... 22

52B....... Liability of interest to income tax ...................................................... 23

54.......... Record of unclaimed interest ............................................................. 23

55.......... Forms ................................................................................................ 24

56.......... Powers of attorney ............................................................................ 24

57B....... Application of certain provisions of Treasury Bills Act to stamps .... 24

58.......... Regulations ....................................................................................... 25

Notes                                                                                                                                              27

  

Notes to the Commonwealth Inscribed Stock Act 1911

Note 1

The Commonwealth Inscribed Stock Act 1911 as shown in this compilation comprises Act No. 20, 1911 amended as indicated in the Tables below.

All relevant information pertaining to application, saving or transitional provisions prior to 24 November 2000 is not included in this compilation. For subsequent information see Table A.

Table of Acts

Act	Number and year	Date of Assent	Date of commencement	Application, saving or transitional provisions
Commonwealth Inscribed Stock Act 1911	20, 1911	22 Dec 1911	22 Dec 1911
Commonwealth Inscribed Stock Act 1912	40, 1912	24 Dec 1912	24 Dec 1912	--
Commonwealth Inscribed Stock Act 1913	16, 1913	19 Dec 1913	19 Dec 1913	--
Commonwealth Inscribed Stock Act 1915	26, 1915	16 Aug 1915	16 Aug 1915	--
Loans Sinking Fund Act 1918	6, 1918	28 May 1918	1 July 1916	--
Commonwealth Inscribed Stock Act 1918	7, 1918	28 May 1918	Ss. 5 and 6: 1 Jan 1918 Remainder: 28 May 1918	--
Commonwealth Inscribed Stock Act 1927	2, 1927	8 Apr 1927	8 Apr 1927	--
Commonwealth Inscribed Stock Act 1932	25, 1932	30 May 1932	12 Sept 1931	S. 6
Commonwealth Inscribed Stock Act 1933	5, 1933	30 May 1933	30 May 1933	--
Commonwealth Inscribed Stock Act 1940	25, 1940	1 June 1940	29 June 1940	--
Commonwealth Inscribed Stock Act 1943	58, 1943	22 Oct 1943	22 Oct 1943	--
Commonwealth Inscribed Stock Act 1945	26, 1945	16 Aug 1945	13 Sept 1945	--
Commonwealth Inscribed Stock Act 1946	21, 1946	1 Aug 1946	29 Aug 1946	--
Commonwealth Inscribed Stock Act 1963	18, 1963	28 May 1963	5 Feb 1964 (see Gazette 1964, p. 536)	--
Statute Law Revision (Decimal Currency) Act 1966	93, 1966	29 Oct 1966	1 Dec 1966	--
Statute Law Revision Act 1973	216, 1973	19 Dec 1973	31 Dec 1973	Ss. 9(1) and 10
Income Tax (Arrangements with the States) Act 1978	87, 1978	22 June 1978	22 June 1978	--
Jurisdiction of Courts (Miscellaneous Amendments) Act 1979	19, 1979	28 Mar 1979	Parts II-XVII (ss. 3-123): 15 May 1979 (see Gazette 1979, No. S86) Remainder: Royal Assent	S. 124
Commonwealth Inscribed Stock Amendment Act 1979	95, 1979	28 Sept 1979	28 Sept 1979	S. 5(2)
Crimes (Currency) Act 1981	122, 1981	17 Sept 1981	Ss. 1-3: Royal Assent Remainder: 16 Dec 1985 (see s. 2(2))	--
as amended by
Statute Law (Miscellaneous Provisions) Act (No. 2) 1985	193, 1985	16 Dec 1985	S. 3: 16 Dec 1985 (a)	S. 16
Statute Law (Miscellaneous Provisions) Act (No. 1) 1984	72, 1984	25 June 1984	S. 3: 2 June 1984 (see Gazette 1984, No. S245) (b)	S. 5(1)
Statute Law (Miscellaneous Provisions) Act (No. 1) 1986	76, 1986	24 June 1986	S. 3: Royal Assent (c)	S. 9
Statute Law (Miscellaneous Provisions) Act 1988	38, 1988	3 June 1988	S. 3: Royal Assent (d)	S. 5(1)
Taxation Laws Amendment Act (No. 3) 1989	107, 1989	30 June 1989	Part 6 (ss. 29, 30): 24 Nov 1988 (see s. 2(2)) Remainder: Royal Assent	--
Audit (Transitional and Miscellaneous) Amendment Act 1997	152, 1997	24 Oct 1997	Schedule 1 (items 633, 634): 1 Jan 1998 (see Gazette 1997, No. GN49) (e)	--
Financial Sector Reform (Consequential Amendments) Act 1998	48, 1998	29 Jun 1998	Schedule 1 (item 36): 1 July 1998 ( see Gazette 1998, No. S316) (f)	--
Financial Sector Reform (Amendments and Transitional Provisions) Act (No. 1) 1999	44, 1999	17 June 1999	Schedule 7 (items 19-21): (g)	S. 3(2)(e) (am. by 160, 2000, Sch. 4 [item 4])
as amended by
Financial Sector Legislation Amendment Act (No. 1) 2000	160, 2000	21 Dec 2000	Schedule 1 (item 21): Royal Assent Remainder: 18 Jan 2001	--
Statute Stocktake Act 1999	118, 1999	22 Sept 1999	22 Sept 1999	--
Public Employment (Consequential and Transitional) Amendment Act 1999	146, 1999	11 Nov 1999	Schedule 1 (items 320, 321): 5 Dec 1999 (see Gazette 1999, No. S584) (h)	--
Criminal Code Amendment (Theft, Fraud, Bribery and Related Offences) Act 2000	137, 2000	24 Nov 2000	Ss. 1-3 and Schedule 1 (items 1, 4, 6, 7, 9-11, 32): Royal Assent Remainder: 24 May 2001	Sch. 2 (items 418, 419) [see Table A]
Commonwealth Inscribed Stock Amendment Act 2002	21, 2002	4 Apr 2002	Schedule 1: 4 Oct 2002 Remainder: Royal Assent	--
Statute Law Revision Act 2008	73, 2008	3 July 2008	Schedule 4 (items 189, 190): 4 July 2008	--
Commonwealth Securities and Investment Legislation Amendment Act 2008	78, 2008	12 July 2008	Schedule 1 (items 1-5, 12-14): 13 July 2008	Sch. 1 (items 12-14) [see Table A]
Commonwealth Inscribed Stock Amendment Act 2009	3, 2009	18 Feb 2009	18 Feb 2009	--
Personal Property Securities (Consequential Amendments) Act 2009	131, 2009	14 Dec 2009	Schedule 5 (items 19, 20): (i)	--
Appropriation Act (No. 2) 2011-2012	70, 2011	29 June 2011	Ss. 18 and 19: Royal Assent	S. 19 [see Table A]

(a)     The Crimes Currency Act 1981 was amended by section 3 only of the Statute Law (Miscellaneous Provisions) Act (No. 2) 1985, subsections 2(1) and (7) of which provide as follows:

                 (1)   Subject to this section, this Act shall come into operation on the day on which it receives the Royal Assent.

                 (7)   The amendments of the Crimes (Currency) Act 1981 made by this Act (other than the amendment of section 2 of that Act) shall come into operation immediately after the amendment of section 2 of that Act made by this Act comes into operation.

(b)     The Commonwealth Inscribed Stock Act 1911 was amended by section 3 only of the Statute Law (Miscellaneous Provisions) Act (No. 1) 1984, subsection 2(5) of which provides as follows:

                 (5)   The amendments of the Commonwealth Inscribed Stock Act 1911 made by this Act shall come into operation on a day to be fixed by Proclamation.

(c)     The Commonwealth Inscribed Stock Act 1911 was amended by section 3 only of the Statute Law (Miscellaneous Provisions) Act (No. 1) 1986, subsection 2(1) of which provides as follows:

                 (1)   Subject to this section, this Act shall come into operation on the day on which it receives the Royal Assent.

(d)     The Commonwealth Inscribed Stock Act 1911 was amended by section 3 only of the Statute Law (Miscellaneous Provisions) Act 1988, subsection 2(1) of which provides as follows:

                 (1)   Subject to this section, this Act commences on the day on which it receives the Royal Assent.

(e)     The Commonwealth Inscribed Stock Act 1911 was amended by Schedule 2 (items 633 and 634) only of the Audit (Transitional and Miscellaneous) Amendment Act 1997, subsection 2(2) of which provides as follows:

                 (2)   Schedules 1, 2 and 4 commence on the same day as the Financial Management and Accountability Act 1997.

(f)      The Commonwealth Inscribed Stock Act 1911 was amended by Schedule 1 (item 36) only of the Financial Sector Reform (Consequential Amendments) Act 1998, subsection 2(2) of which provides as follows:

                 (2)   Subject to subsections (3) to (14), Schedules 1, 2 and 3 commence on the commencement of the Australian Prudential Regulation Authority Act 1998.

(g)     The Commonwealth Inscribed Stock Act 1911 was amended by Schedule 7 (items 19-21) only of the Financial Sector Reform (Amendments and Transitional Provisions) Act (No. 1) 1999, subsections 3(2) and (16) of which provide as follows:

                 (2)   The following provisions commence on the transfer date:

                      (e)   subject to subsection (12), Schedule 7, other than items 43, 44, 118, 205 and 207 (the commencement of those items is covered by subsections (10), (11) and (13)).

               (16)   The Governor-General may, by Proclamation published in the Gazette, specify the date that is to be the transfer date for the purposes of this Act.

         The transfer date was 1 July 1999 (see Gazette 1999, No. S283).

(h)     The Commonwealth Inscribed Stock Act 1911 was amended by Schedule 1 (items 320 and 321) only of the Public Employment (Consequential and Transitional) Amendment Act 1999, subsections 2(1) and (2) of which provide as follows:

                 (1)   In this Act, commencing time means the time when the Public Service Act 1999 commences.

                 (2)   Subject to this section, this Act commences at the commencing time.

(i)      Subsection 2(1) (item 8) of the Personal Property Securities (Consequential Amendments) Act 2009 provides as follows:

                 (1)   Each provision of this Act specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.

 

Commencement information
Column 1	Column 2	Column 3
Provision(s)	Commencement	Date/Details
8.  Schedule 5, items 19 and 20	The later of: (a) the start of the day this Act receives the Royal Assent; and (b) immediately after the commencement of the Personal Property Securities Act 2009. However, the provisions do not commence at all if the event mentioned in paragraph (b) does not occur.	15 December 2009 (paragraph (b) applies)

Table of Amendments

ad. = added or inserted      am. = amended      rep. = repealed      rs. = repealed and substituted
Provision affected	How affected
Title.....................................	am. No. 25, 1932
Part I
S. 2......................................	am. Nos. 6 and 7, 1918; No. 26, 1945
	rs. No. 18, 1963
	rep. No. 216, 1973
S. 3......................................	am. No. 25, 1932; No. 26, 1945; No. 72, 1984; No. 38, 1988; No. 21, 2002
Part II
S. 3A...................................	ad. No. 78, 2008
S. 4......................................	am. No. 25, 1932; No. 26, 1945; No. 95, 1979; No. 72, 1984; No. 21, 2002; No. 78, 2008
S. 5......................................	am. No. 26, 1915
	rep. No. 18, 1963
	ad. No. 78, 2008
	am. No. 70, 2011
S. 5A...................................	ad. No. 3, 2009
	rep. No. 70, 2011
S. 6......................................	am. No. 18, 1963
Heading to s. 7..................	rs. No. 21, 2002
S. 7......................................	am. No. 18, 1963
	rs. No. 95, 1979
	am. No. 21, 2002
S. 8......................................	rs. No. 5, 1933
	am. No. 18, 1963
	rep. No. 95, 1979
Ss. 9, 10..............................	rep. No. 95, 1979
S. 11....................................	am. No. 18, 1963
S. 12....................................	rep. No. 21, 2002
Ss. 13A, 13B.......................	ad. No. 70, 2011
Part III
Division 1
S. 14....................................	am. No. 38, 1988; No. 21, 2002
Division 2
S. 15....................................	am. No. 21, 2002
S. 16....................................	am. No. 72, 1984
Ss. 17, 18............................	rs. No. 21, 2002
S. 19....................................	rs. No. 72, 1984
	am. No. 21, 2002
S. 20A.................................	ad. No. 7, 1918
	rep. No. 26, 1945
S. 20....................................	rs. No. 21, 2002
S. 21....................................	am. No. 216, 1973; No. 19, 1979; No. 72, 1984
	rs. No. 21, 2002
S. 21A.................................	ad. No. 38, 1988
S. 22A.................................	ad. No. 2, 1927
	am. No. 216, 1973; No. 72, 1984; No. 44, 1999
S. 22B.................................	ad. No. 72, 1984
Division 3
S. 24....................................	am. No. 5, 1933
	rs. No. 18, 1963
	am. No. 72, 1984; No. 21, 2002
S. 24A.................................	ad. No. 21, 2002
S. 24B.................................	ad. No. 21, 2002
	am. No. 131, 2009
S. 24C.................................	ad. No. 21, 2002
Ss. 25, 26............................	am. No. 5, 1933
	rep. No. 18, 1963
S. 27....................................	rs. No. 26, 1945
	am. No. 18, 1963; No. 72, 1984
S. 28....................................	rs. No. 21, 2002
S. 29....................................	am. No. 2, 1927; No. 26, 1945; No. 18, 1963; No. 216, 1973; No. 72, 1984; No. 21, 2002
S. 30....................................	rs. No. 21, 2002
S. 31....................................	rep. No. 18, 1963
S. 32....................................	rs. No. 26, 1915
	rep. No. 18, 1963
Div. 4 of Part III .................	rep. No. 26, 1945
Ss. 33-42............................	rep. No. 26, 1945
Division 5
S. 43....................................	am. No. 216, 1973; No. 19, 1979
	rs. No. 21, 2002
S. 44....................................	rs. No. 21, 2002
S. 44A.................................	ad. No. 16, 1913
	rep. No. 216, 1973
Part IV.................................	rep. No. 6, 1918
S. 45....................................	am. No. 40, 1912
	rep. No. 6, 1918
Ss. 46, 47............................	rep. No. 6, 1918
S. 48....................................	am. No. 26, 1945; No. 122, 1981; No. 72, 1984; No. 38, 1988
	rep. No. 137, 2000
Part V
S. 49....................................	am. No. 72, 1984; No. 21, 2002
S. 50....................................	am. No. 26, 1945; No. 72, 1984
S. 51....................................	am. No. 216, 1973; No. 122, 1981
Part VA
Part VA ...............................	ad. No. 26, 1915
S. 51A.................................	ad. No. 26, 1915
	am. No. 25, 1932; No. 26, 1945; No. 95, 1979; No. 72, 1984
S. 51B.................................	ad. No. 26, 1915
	am. No. 25, 1932
	rs. No. 95, 1979
S. 51BA...............................	ad. No. 25, 1940
	am. No. 93, 1966; No. 72, 1984
S. 51C.................................	ad. No. 26, 1915
	am. No. 25, 1932; No. 72, 1984
S. 51D.................................	ad. No. 26, 1915
	rep. No. 25, 1932
S. 51E.................................	ad. No. 26, 1915
	rs. No. 18, 1963
	am. No. 72, 1984
S. 51F.................................	ad. No. 7, 1918
	am. No. 72, 1984
	rep. No. 152, 1997
S. 51G.................................	ad. No. 7, 1918
Part VB
Part VB ...............................	ad. No. 95, 1979
S. 51H.................................	ad. No. 95, 1979
	am. No. 146, 1999; No. 21, 2002; No. 73, 2008
S. 51J..................................	ad. No. 95, 1979
S. 51JA...............................	ad. No. 78, 2008
Heading to s. 51K..............	am. No. 78, 2008
S. 51K.................................	ad. No. 76, 1986
	am. No. 38, 1988; No. 146, 1999
Part VI
S. 52A.................................	ad. No. 26, 1915
	am. No. 7, 1918
	rs. No. 2, 1927
	am. No. 25, 1932
	rs. No. 26, 1945
	am. No. 216, 1973 ; No. 48, 1998; No. 21, 2002
S. 52B.................................	ad. No. 26, 1915
	am. No. 7, 1918; No. 25, 1932; No. 25, 1940; No. 21, 1946; No. 87, 1978; No. 72, 1984; No. 107, 1989
S. 52C.................................	ad. No. 26, 1915
	rs. No. 18, 1963
	am. No. 72, 1984
	rep. No. 118, 1999
S. 53....................................	am. No. 216, 1973
	rs. No. 95, 1979
	rep. No. 152, 1997
S. 54....................................	am. No. 72, 1984
	rs. No. 21, 2002
S. 56....................................	am. No. 26, 1945; No. 216, 1973; No. 76, 1986; No. 38, 1988; No. 73, 2008
S. 57....................................	rep. No. 2, 1927
	ad. No. 58, 1943
	am. No. 21, 1946
	rep. No. 216, 1973
Ss. 57AA, 57AB..................	ad. No. 21, 1946
	rep. No. 216, 1973
S. 57A.................................	ad. No. 58, 1943
	am. No. 26, 1945
	rep. No. 216, 1973
S. 57B.................................	ad. No. 58, 1943
	am. No. 21, 1946; No. 72, 1984

Table A

Application, saving or transitional provisions

Criminal Code Amendment (Theft, Fraud, Bribery and Related Offences) Act 2000 (No. 137, 2000)

Schedule 2

418  Transitional--pre-commencement offences

(1)       Despite the amendment or repeal of a provision by this Schedule, that provision continues to apply, after the commencement of this item, in relation to:

                     (a)  an offence committed before the commencement of this item; or

                     (b)  proceedings for an offence alleged to have been committed before the commencement of this item; or

                     (c)  any matter connected with, or arising out of, such proceedings;

as if the amendment or repeal had not been made.

(2)       Subitem (1) does not limit the operation of section 8 of the Acts Interpretation Act 1901.

419  Transitional--pre-commencement notices

If:

                     (a)  a provision in force immediately before the commencement of this item required that a notice set out the effect of one or more other provisions; and

                     (b)  any or all of those other provisions are repealed by this Schedule; and

                     (c)  the first-mentioned provision is amended by this Schedule;

the amendment of the first-mentioned provision by this Schedule does not affect the validity of such a notice that was given before the commencement of this item.

Commonwealth Securities and Investment Legislation Amendment Act 2008 (No. 78, 2008)

Schedule 1

12  Application of items 1 and 5

The amendments made by items 1 and 5 of this Schedule apply to money borrowed on or after the commencement of those items.

13  Application of items 2 and 3

The amendments made by items 2 and 3 of this Schedule apply to stock and securities issued on or after the commencement of those items.

14  Application of item 4

The amendment made by item 4 of this Schedule applies on or after the commencement of that item, regardless of whether the stock and securities were issued before, on or after the commencement of that item.

Appropriation Act (No. 2) 2011-2012 (No. 70, 2011)

19  Application

             (1)  The amendment made by subsection 18(1) applies to stock and securities on issue after the commencement of that subsection, regardless of whether the stock and securities were issued before or after the commencement of that subsection.

             (2)  Section 13A of the Commonwealth Inscribed Stock Act 1911, as added by subsection 18(3), applies to costs and expenses incurred by the Commonwealth after the commencement of that subsection in relation to the issue or sale of stock and the management of stock that has been issued or sold, regardless of whether the stock was issued or sold before or after the commencement of that subsection.

             (3)  Section 13B of the Commonwealth Inscribed Stock Act 1911, as added by subsection 18(3), applies to costs and expenses incurred by the Commonwealth after the commencement of that subsection in repurchasing or redeeming stock, regardless of whether the stock was issued or sold before or after the commencement of that subsection.