Document ID: chunk:federal_register_of_legislation:C2004A03409:body:0:p6
Version: federal_register_of_legislation:C2004A03409
Segment Type: other
Provision Reference: 
Character Range: 12506–15336

Receiver, in the exercise of such a power, or performance of such a function, in accordance with this sub-section shall be deemed to have been done by the Official Trustee.
"(10) Where the Official Trustee is one of the trustees of a deed of assignment, deed of arrangement, composition or scheme of arrangement, a power the exercise of which, or a function the performance of which, is dependent upon the opinion, belief or state of mind of those trustees in relation to a matter may be exercised or performed by those trustees as if the opinion, belief or state of mind in relation to that matter of—
     (a) an Official Receiver who; or
     (b) another person who with the authority of an Official Receiver,
acts in the name of, or on behalf of, the Official Trustee in the exercise of the power or the performance of the function were the opinion, belief or state of mind in relation to the matter of the Official Trustee.".
Section 20—
Repeal the section, substitute the following section:
Records, returns and bank accounts
"20. (1) Subject to this Act, the Registrars shall keep such books of account and records and make such returns as the Secretary to the Department, in writing, directs.
"(2) The Registrars shall open and maintain such bank accounts with an approved bank or approved banks as the Secretary, in writing, directs.
"(3) The Registrars shall comply with any directions in writing given by the Secretary to the Department with respect to the banking of moneys in bank accounts maintained in pursuance of sub-section (2).".
Section 20a (definition of "Investment Board")—
Omit the definition.
Sub-section 20b (4)—
Omit "the Inspector-General directs by writing under his hand", substitute "are necessary for the purposes of the Common Fund".
Sub-section 20b (5)—
Omit the sub-section, substitute the following sub-section:
"(5) The Official Trustee shall ensure that at all times one account referred to in sub-section (4) is maintained for each District, or, if the Official Trustee thinks fit, for any 2 or more Districts having the same Official Receiver.".
Sub-section 20b (8)—
(a) At the end of paragraph (a) add "or".
(b) Omit paragraphs (b), (d) and (e).
Section 20c—
Repeal the section.
Sub-sections 20d (2) and (3)—
Omit the sub-sections.
Sub-section 20d (4)—
Omit all the words before paragraph (a), substitute "The Official Trustee—".
Paragraph 20d (4) (b)—
(a) Omit "Investment Board", substitute "Official Trustee".
(b) Omit "by the Official Trustee".

SCHEDULE 1—continued
Sub-section 20d (5)—
Omit "Investment Board", substitute "Official Trustee".
Sub-section 20e (1)—
     (a) Omit "Investment Board" (first occurring), substitute "Official Trustee".
     (b) Omit "Investment Board may, by instrument in writing, authorize the Official Trustee", substitute "Official Trustee may apply to