Document ID: chunk:federal_register_of_legislation:F2015L00632:reg:6
Version: federal_register_of_legislation:F2015L00632
Segment Type: reg
Provision Reference: reg 6
Character Range: 1202–2982

6  Lost, stolen, destroyed or mutilated securities
 (1) An owner of a security may apply to the Treasurer for the issue of a certificate if the security is accidently lost, stolen, destroyed or mutilated before it is paid off.
 (2) The Treasurer may, subject to this section, issue a certificate of the indebtedness of the Commonwealth to the applicant in respect of the security if:
 (a) the Treasurer is satisfied that the security has been accidentally lost, stolen, destroyed or mutilated; and
 (b) the Treasurer is satisfied that the applicant is the owner of the security; and
 (c) for a lost or stolen security—the Treasurer is satisfied that the applicant has not seen the security within 5 years before the date of the application; and
 (d) the applicant 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) A certificate issued under subsection (2) must be in accordance with a form approved by the Treasurer.
 (4) If, in the opinion of the Treasurer, some person other than the applicant has an interest in a lost, stolen, destroyed or mutilated security, the Treasurer may refuse to issue a certificate to the applicant unless:
 (a) the written consent of that other person has been obtained; or
 (b) if Treasurer thinks fit—that other person 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.
 (5) This section does not prevent terms and conditions being determined under section 3 of the Act in relation to the issue of a security in place of a security that is lost, stolen, destroyed or mutilated before it is paid off.