Document ID: chunk:federal_register_of_legislation:F2015L00632:reg:7
Version: federal_register_of_legislation:F2015L00632
Segment Type: reg
Provision Reference: reg 7
Character Range: 2982–3826

7  Payment of lost, stolen, destroyed or mutilated securities
 (1) An owner of a security may apply to the Treasurer to have the security paid out if the security is accidentally lost, stolen, destroyed or mutilated before it is paid off.
 (2) The Treasurer may authorise payment of the security and any unpaid interest on the security to the owner if:
 (a) the Treasurer is satisfied that the security is lost, stolen, destroyed or mutilated; and
 (b) the owner gives an indemnity bond to the satisfaction of the Treasurer to indemnify the Commonwealth against double payment of the security, including any interest on the security.
 (3) This section does not prevent terms and conditions being determined under section 3 of the Act in relation to the payment of a security that is lost, stolen, destroyed or mutilated before it is paid off.