Document ID: chunk:federal_register_of_legislation:C2004A02936:body:0:p10
Version: federal_register_of_legislation:C2004A02936
Segment Type: other
Provision Reference: 
Character Range: 23027–25878

under section 4.".

Section 4—
Omit "or Australian Consolidated Inscribed Stock", substitute ", Australian Consolidated Inscribed Stock or such other stock as is prescribed".

Section 16—
Omit "four", substitute "4".

Section 19—
Repeal the section, substitute the following section:

Protection of Registrar in relation to trusts
"19. (1) Stock may be inscribed in the name of a trustee in his capacity as a trustee whether as trustee of a specified trust or as trustee without specifying a trust.
"(2) Notwithstanding that stock is inscribed in the name of a trustee in his capacity as a trustee, whether as trustee of a specified trust or as trustee without specifying a trust, the Registrar—
     (a) is not affected with 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 that is inscribed in the name of a trustee or any part of such stock.".

Section 21—
Omit "one", substitute "1".

Sub-section 22a (2)—
Omit "two", substitute "2".

Sub-section 22a (4)—
Omit "of this section".

After section 22a—
Insert the following section in Division 2 of Part III:

Inscription of stock in name of unincorporated associations
"22b. (1) Notwithstanding anything contained in this Act, stock may, subject to this section, be inscribed in the name of an unincorporated association that complies with such conditions as are prescribed.
"(2) An application for stock made by an unincorporated association shall be in such form and contain such particulars as are prescribed, and any documents prescribed by or under this Act and relating to that stock shall be signed by 2 or more persons appointed by that association to sign such documents.
SCHEDULE—continued

"(3) A certificate, receipt or other document relating to stock inscribed in the name of an unincorporated association shall be issued only to a person authorized by the association to receive the document concerned.
"(4) A transaction under this Act shall not be effected in relation to stock inscribed under this section unless the transaction is authorized by the persons appointed by the unincorporated association in accordance with sub-section (2) and the Commonwealth is not under any legal liability in respect of any such transaction that is so authorized.".

Section 24—
Add at the end thereof the following sub-section:
"(2) In this section, 'person' includes—
     (a) a Friendly Society or a branch of a Friendly Society;
     (b) a Trade Union or a branch of a Trade Union; or
     (c) an unincorporated association.".

Section 27—
     (a) Omit "fourteen", substitute "14".
     (b) Omit "one", substitute "1".

Sub-section 29 (2)—
Omit "paragraph (a) of the last preceding sub-section", substitute "paragraph (1) (a)".

Sub-section 29 (3)—
Omit "the last