The Companies Regulations 1947
Part IV

11/Nov/1998 - Current (at 31 Dec 2005)
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    26. Investment of moneys held under section 373

    (1) Any moneys deposited with the Treasurer pursuant to section 373 of the Act may be deposited by him in the Commonwealth Savings Bank or invested in any State or Commonwealth Government securities and any equivalent security not being Treasury bonds payable to bearer shall be accompanied by such duly executed transfer or assignment as will enable the Treasurer to realise such security should it become necessary so to do.

    (2) When interest or dividends become due on any moneys deposited with the Treasurer as aforesaid or on any securities in which moneys so deposited are for the time being invested or on any equivalent security deposited with the Treasurer, the Treasurer shall pay such interest or dividends to the sharebroker making the deposit.

    (3) On receipt of an order issued by the Registrar under Regulation 22 or Regulation 23 the Treasurer shall, as soon as conveniently may be, realise such securities held on investments made under this Regulation as will enable him to comply with any such order for repayment or for compensation and the Treasurer shall not be liable to the depositor for any loss on realisation of any such securities.



Note: This is not an authorised version. The only authorised version is the hardcopy (printed) version published under authority of the Government Printer, available from the State Law Publisher, 10 William St Perth W.A. 6000.