South Australian Consolidated Acts South Australian Consolidated Acts (1) The Governor may
make regulations for or with respect to any one or more of the
following—
(a)
prescribing bodies corporate as authorised trustee corporations;
(b)
prescribing interests to which or interests of a class to which Division 5 of
Part 4 of the Companies Act 1962 applies as prescribed securities;
(c)
prescribing stock exchanges in the State as prescribed stock exchanges;
(d)
prescribing any matter or thing that is required necessary or expedient 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 two hundred
dollars for a breach of or non-compliance with a provision of the regulations.
(2) The regulations
shall not prescribe a body corporate as an authorised 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.