Document ID: chunk:federal_register_of_legislation:C2004A00188:body:0:p5
Version: federal_register_of_legislation:C2004A00188
Segment Type: other
Provision Reference: 
Character Range: 9876–12848

provide that, in the exercise of its powers or the performance of its functions under the regulations, or under a particular provision of the regulations specified in the regulations, the Reserve Bank is subject to the directions of the Treasurer.

"(8) In this section—

     'Australian currency' includes notes, coins, postal notes, money orders, bills of exchange, promissory notes, drafts, letters of credit and travellers' cheques payable or expressed in Australian money, and also includes rights, and instruments of title, to Australian money;
     'Australian securities' means securities or other property included in a class of securities or property specified in the regulations as Australian securities;
     'foreign currency' includes notes, coins, postal notes, money orders, bills of exchange, promissory notes, drafts, letters of credit and travellers' cheques payable or expressed otherwise than in Australian money, and also includes rights, and instruments of title, to money other than Australian money;
     'Foreign securities' means securities or other property included in a class of securities or property specified in the regulations as foreign securities;
'Property' includes securities and rights under securities;
'resident' means—
       (a) A person, not being a body corporate, who is ordinarily resident in Australia; and
       (b) A body corporate which is incorporated in Australia;
     'securities' include shares, stock, bonds, debentures, debenture stock, treasury bills and notes, and units or sub-units of a unit trust, and also includes deposit receipts in respect of the deposit of securities and documents of title to securities.

"(9) Nothing in Part IV shall be taken as limiting the power of the Governor-General to make regulations under this section for or in relation to the control or prohibition of the importation or exportation of gold, or otherwise with respect to gold.

"(10) A reference in this section to property that is in Australia shall be read as including a reference to a right, not being property, that is exercisable in Australia, and a reference in this section to property that is outside Australia shall be read as including a reference to a right, not being property, that is not exercisable in Australia.

"(11) Nothing in sub-section (1) shall be taken to affect, by implication or otherwise, the interpretation or operation of regulations made under this section.

Extraterritorial application of regulations.
"39a. (1) Regulations made under section 39 shall, except where the contrary intention appears, apply both within and without Australia.

"(2) A provision of the Judiciary Act 1903-1973 by which a court of a State is invested with jurisdiction with respect to offences against the laws of Australia has effect, in relation to offences against the regulations made under section 39 of this Act not committed within any State, as if that jurisdiction were so invested without limitation