Document ID: chunk:federal_register_of_legislation:F2015L00631:reg:21
Version: federal_register_of_legislation:F2015L00631
Segment Type: reg
Provision Reference: reg 21
Character Range: 9978–10741

21  Payment of defaced, lost, stolen or destroyed bearer security or coupon
 (1) An owner of a bearer security or coupon issued in connection with a bearer security may apply to the Treasurer to have the security or coupon paid off if the security or coupon has been defaced, lost, stolen or destroyed.
 (2) The Treasurer may authorise payment of the security or coupon and any unpaid interest on the security or coupon to the owner if:
 (a) the Treasurer is satisfied that the security or coupon has been defaced, lost, stolen or destroyed before it was paid off; and
 (b) the owner gives an indemnity to the satisfaction of the Treasurer to indemnify the Commonwealth against payment of the bearer security or coupon or any interest on the security or coupon.