Version No. 002
Borrowing and Investment Powers (Stock,
Bonds and Debentures) Regulations 2007
S.R. No. 101/2007
Version incorporating amendments as at
13 February 2013
TABLE OF PROVISIONS
Regulation
Page
PART 1—PRELIMINARY
1
2
3
4
5
1
Objectives
Authorising provision
Application
Revocation
Definitions
1
1
1
2
2
PART 2—ESTABLISHMENT OF REGISTRY AND
APPOINTMENT OF REGISTRAR
6
7
Establishment of registry and hours of business
Appointment of registrar
4
4
4
PART 3—PROVISIONS RELATING TO STOCK
5
Division 1—Establishment of the stock register and the issue and
registration or inscription of stock
5
8
9
10
11
12
13
14
15
16
17
18
19
The stock register
Entries of the stock register
Co-ownership of stock
Trusts
Inspection of stock register
Application to purchase stock
Unincorporated bodies
Firms or Partnerships
Certificates of registration or inscription
Specimen signature
Change of name and address
Amendment of the stock register
i
5
5
5
6
6
6
7
8
8
8
8
9
Regulation
Page
Division 2—Transfer and transmission of stock
20
21
22
23
Transfer of stock
Transmission of stock
Registration of transmission of stock
Marked transfers
Division 3—Payment of interest and repayment of principal
24
Payment of interest and repayment of principal on stock
Division 4—Other matters
25
26
33
34
35
36
37
38
Transactions before payment of interest or principal
Minors
Form of bond with coupons
Form of bond without coupons
Requirements for bearer instruments
Bearer instruments pass by delivery
Rights of bearer
Payment of interest and repayment of principal on bearer
instruments
Minors
The bond and debenture registers
Replacement of bearer instruments
Bearer instruments exchanged for stock
Exchange of bearer instruments
Cancellation and discharge etc. of bearer instruments
PART 5—GENERAL
39
40
41
42
9
10
11
11
12
12
12
PART 4—BONDS AND DEBENTURES (BEARER
INSTRUMENTS)
27
28
29
30
31
32
9
12
12
14
14
14
14
15
15
15
16
16
17
18
18
19
20
Safe custody of documents
Verification of signatures
Other precautions to be taken by registrar
Person unable to sign
__________________
SCHEDULE
20
20
20
20
21
Form 1—Borrowing and Investment Powers (Stock, Bonds
and Debentures) Regulations 2007
21
Form 2—Borrowing and Investment Powers (Stock, Bonds
and Debentures) Regulations 2007
22
═══════════════
ii
Regulation
Page
ENDNOTES
23
1. General Information
23
2. Table of Amendments
24
3. Explanatory Details
25
iii
Version No. 002
Borrowing and Investment Powers (Stock,
Bonds and Debentures) Regulations 2007
S.R. No. 101/2007
Version incorporating amendments as at
13 February 2013
PART 1—PRELIMINARY
1 Objectives
The objectives of these Regulations are—
(a) to make provision for the form of bonds;
(b) to make provision for the issue of stock,
bonds and debentures;
(c) to set out the rights attached to stock, bonds
and debentures;
(d) to make provision for the appointment of a
registrar and the keeping of registers in
Australia for stock, bonds and debentures;
(e) to make provision for the transfer and
transmission of stock, bonds and debentures
to be issued in Australia by the Treasury
Corporation of Victoria under the Act.
2 Authorising provision
These Regulations are made under section 18 of
the Borrowing and Investment Powers Act
1987.
3 Application
These Regulations apply to stock, bonds and
debentures issued in Australia by the Treasury
Corporation of Victoria under Part 2 of the Act.
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Borrowing and Investment Powers (Stock, Bonds and Debentures)
Regulations 2007
S.R. No. 101/2007
Part 1—Preliminary
r. 4
4 Revocation
The Borrowing and Investment Powers (Stock,
Bonds and Debentures) Regulations 19971 are
revoked.
5 Definitions
In these Regulations—
Act means the Borrowing and Investment
Powers Act 1987;
bearer instrument means a bond or debenture
issued by the Treasury Corporation of
Victoria with or without interest coupons
attached;
bond register means the register of bonds kept
under regulation 34;
certificate of inscription includes a letter of
allotment;
computer means any device for storing or
processing information;
debenture means a bearer debenture created or
issued by the Treasury Corporation of
Victoria;
debenture register means the register of
debentures kept under regulation 34;
Form means a form in the Schedule;
owner includes a joint owner;
registrar means the person appointed under
regulation 7;
registry means the registry established under
regulation 6;
stock means registered debenture stock or
inscribed stock;
2
Borrowing and Investment Powers (Stock, Bonds and Debentures)
Regulations 2007
S.R. No. 101/2007
Part 1—Preliminary
r. 5
stock register means the register of stock kept
under regulation 8;
Treasury Corporation of Victoria means the
Treasury Corporation of Victoria established
under section 5 of the Treasury
Corporation of Victoria Act 1992.
__________________
3
Borrowing and Investment Powers (Stock, Bonds and Debentures)
Regulations 2007
S.R. No. 101/2007
Part 2—Establishment of Registry and Appointment of Registrar
r. 6
PART 2—ESTABLISHMENT OF REGISTRY AND
APPOINTMENT OF REGISTRAR
6 Establishment of registry and hours of business
(1) The Treasury Corporation of Victoria must—
(a) establish a registry; and
(b) maintain the bond register, debenture register
and stock register at the registry in
accordance with these Regulations.
(2) The registry must be open for business on each
day that is a business day for the Treasury
Corporation of Victoria during at least the
following hours—
(a) 10 a.m. to 12 p.m.; and
(b) 2 p.m. to 4 p.m.
7 Appointment of registrar
The Treasury Corporation of Victoria must
appoint a registrar of the registry.
__________________
4
Borrowing and Investment Powers (Stock, Bonds and Debentures)
Regulations 2007
S.R. No. 101/2007
Part 3—Provisions Relating to Stock
r. 8
PART 3—PROVISIONS RELATING TO STOCK
Division 1—Establishment of the stock register and the issue
and registration or inscription of stock
8 The stock register
The Treasury Corporation of Victoria must
establish and maintain a register of stock at the
registry.
9 Entries of the stock register
(1) The registrar must ensure that—
(a) the name of each owner of the stock; and
(b) an address to which certificates, receipts,
other documents and money relating to the
stock are to be forwarded—
are entered into the stock register in relation to all
stock issued by the Treasury Corporation of
Victoria.
(2) The stock register may be kept in book form, in
the form of a paper or card record or by computer.
(3) If the stock register is kept by computer—
(a) the recording or storing of any information in
the computer is to be taken to be the entry of
that information in the stock register; and
(b) any material subsequently derived from
information recorded or stored in that way is
to be taken to be an extract from the stock
register.
10 Co-ownership of stock
In the case of joint purchasers of stock, the names
of not more than 4 of them may be registered or
inscribed as the joint owners.
5
Borrowing and Investment Powers (Stock, Bonds and Debentures)
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S.R. No. 101/2007
Part 3—Provisions Relating to Stock
r. 11
11 Trusts
(1) Stock may be registered or inscribed in the name
of a trustee in the capacity as trustee of a specified
trust or trustee without specifying a trust.
(2) Whether or not stock is registered or inscribed in
the name of a trustee, the registrar—
(a) is not affected by 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 registered or
inscribed in the name of a trustee or any
part of that stock.
(3) The registrar may only deal with the person
registered or inscribed as owner of the stock and
must not take notice of any trust or other
beneficial interest which may be claimed by any
other person.
12 Inspection of stock register
(1) At any time the registry is open an owner of stock
may inspect the owner's account of stock in the
stock register upon written request to the registrar.
(2) An owner may obtain from the registry copies or
extracts of the owner's account of stock certified
by the registrar to be true copies of or extracts
from the register.
13 Application to purchase stock
(1) An application to subscribe for or purchase stock
must be made in writing.
6
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Regulations 2007
S.R. No. 101/2007
Part 3—Provisions Relating to Stock
r. 14
(2) In the case of a joint account, the application must
contain the names of the proposed owners in the
order in which they are to appear in the stock
register.
(3) Upon receipt and acceptance of the application
and receipt of the purchase money, the registrar
must—
(a) inscribe or register in the stock register the
full name of each owner of stock and the
address to which certificates, receipts, other
documents and money related to the stock
are to be forwarded; and
(b) issue a certificate of inscription or a
certificate of registration.
14 Unincorporated bodies
(1) Stock may be registered or inscribed in the name
of an unincorporated body that—
(a) has a name; and
(b) has a written constitution or rules of
association.
(2) Before stock is registered or inscribed in the name
of an unincorporated body, the body must give the
registrar—
(a) a copy of its constitution or rules of
association; and
(b) the names and addresses of its officers who
have been appointed in accordance with its
constitution or rules of association; and
(c) the specimen signatures of those officers.
(3) Any change in the matters referred to in
subregulation (2) must be notified to the registrar
as soon as possible following the change.
7
Borrowing and Investment Powers (Stock, Bonds and Debentures)
Regulations 2007
S.R. No. 101/2007
Part 3—Provisions Relating to Stock
r. 15
15 Firms or Partnerships
Stock must not be registered or inscribed in the
name of a firm or a partnership but may be
registered or inscribed in the names of individual
partners.
16 Certificates of registration or inscription
(1) If a certificate of registration or inscription is
stolen, lost, destroyed or defaced, the registrar
may issue a replacement certificate of registration
or inscription on receipt of a written request from
the owner.
(2) The absence of the certificate of inscription does
not prevent the owner of inscribed stock from
disposing of the inscribed stock.
(3) An owner of registered debenture stock cannot
dispose of the stock in the absence of its
certificate of registration.
(4) The registrar must keep a record of each
replacement certificate issued for registered
debenture stock.
17 Specimen signature
A natural person whose name is registered or
inscribed, or is proposed to be registered or
inscribed, in relation to stock, must lodge at the
registry a specimen of his or her signature.
18 Change of name and address
If an owner's name or address has been changed,
the registrar must alter the name or address in the
stock register on lodgement of a notice
accompanied by satisfactory evidence of the
change.
8
Borrowing and Investment Powers (Stock, Bonds and Debentures)
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S.R. No. 101/2007
Part 3—Provisions Relating to Stock
r. 19
19 Amendment of the stock register
If the registrar is satisfied that stock has been
incorrectly registered or inscribed in the stock
register owing to a mistaken entry in any
document, the registrar must amend the stock
register.
Division 2—Transfer and transmission of stock
20 Transfer of stock
(1) Stock may be transferred from one person to
another within the stock register by an instrument
of transfer and acceptance signed by both parties
and lodged at the registry and, in the case of
registered debenture stock, accompanied by the
certificate of registration.
(2) The registrar must register an instrument of
transfer and acceptance under this regulation by—
(a) cancelling the registration or inscription of
the stock in the stock register in the name of
the transferor and, in the case of registered
debenture stock, cancelling the certificate of
registration; and
(b) registering or inscribing the stock in the
stock register in the name of the transferee;
and
(c) issuing to the transferee a certificate of
inscription or, in the case of registered
debenture stock, a certificate of registration.
(3) A person is not entitled to transfer any fraction of
$100 unless the fraction is a sum which is the full
amount of the balance standing to that person's
credit in the stock register.
9
Borrowing and Investment Powers (Stock, Bonds and Debentures)
Regulations 2007
S.R. No. 101/2007
Part 3—Provisions Relating to Stock
r. 21
21 Transmission of stock
(1) A person to whom any stock is to be transmitted
because of the death or bankruptcy, insolvency or
liquidation of the owner of that stock or by any
lawful means (other than by a transfer under this
Division) may apply in writing to the registrar to
be registered or inscribed as the owner of the
stock.
(2) The signature of the applicant must be attested by
a witness.
(3) An application for transmission must be
accompanied by—
(a) in the case of a transmission because of
death—
(i) the probate of the will or the letters of
administration or other instrument
authorising the applicant to administer
the estate of the owner; or
(ii) in the case of a transmission to a
survivor of a joint owner, a certificate
of death relating to the owner, instead
of probate or letters of administration or
other instrument;
(b) in the case of a transmission because of
bankruptcy or insolvency, an office copy of
the adjudication or order of sequestration;
(c) in the case of a transmission because of
liquidation, an office copy of the winding up
order;
(d) in the case of a transmission of registered
debenture stock, the certificate of
registration.
10
Borrowing and Investment Powers (Stock, Bonds and Debentures)
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S.R. No. 101/2007
Part 3—Provisions Relating to Stock
r. 22
22 Registration of transmission of stock
(1) The registrar must register a transmission of stock
under regulation 21 by—
(a) entering a record of the transmission in the
stock register; and
(b) registering or inscribing the name of the
person to whom the stock has been
transmitted in the stock register as the owner
of the stock.
(2) After registering a transmission of stock, the
registrar must—
(a) in the case of inscribed stock, issue a
certificate of inscription to the new owner;
(b) in the case of registered debenture stock—
(i) cancel the original certificate of
registration; and
(ii) issue a certificate of registration to the
new owner.
23 Marked transfers
(1) If registration of stock is pending, the registrar
may mark a transfer of that stock with words to
the effect that the stock is held against the transfer
for a period specified in the marking.
(2) If a transfer is marked under subregulation (1), the
registrar may refuse to give effect to any dealing
in the stock during the period specified in the
marking except in accordance with the marked
transfer.
11
Borrowing and Investment Powers (Stock, Bonds and Debentures)
Regulations 2007
S.R. No. 101/2007
Part 3—Provisions Relating to Stock
r. 24
Division 3—Payment of interest and repayment of principal
24 Payment of interest and repayment of principal on
stock
(1) Payment of interest on stock and repayment of the
principal sum must be made by crossed cheque
unless otherwise requested by the owner.
(2) Unless otherwise requested in writing by the
owner, cheques must be made payable to the
owner or, in the case of a joint holding, to the
owner whose name is registered or inscribed first
in the stock register and must be forwarded by
post to the address shown in the stock register.
(3) If the registrar is requested by the owner in
writing or, in the case of a joint holding, by all the
holders in writing, cheques may be made payable
and transmitted by post to the person specified in
the request or money may be credited to an
account at a bank or other financial institution.
(4) Principal on registered debenture stock may only
be repaid upon surrender of the certificate of
registration to the registrar.
Division 4—Other matters
25 Transactions before payment of interest or principal
A transaction relating to stock must not be
registered or dealt with within 14 days
immediately before the day on which interest is
due, or within one month before the date of
maturity of the stock.
26 Minors
(1) An allotment or transfer of stock must not be
made to a person who is under the age of 14 years
unless the person's parent or guardian has given
prior written consent to the allotment or transfer.
12
Borrowing and Investment Powers (Stock, Bonds and Debentures)
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S.R. No. 101/2007
Part 3—Provisions Relating to Stock
r. 26
(2) Payments on stock inscribed in the name of a
minor jointly with the names of others of full age
may be made as directed by those others and
without the concurrence of the minor upon
sufficient proof of the minority being lodged with
the registrar.
(3) Payments on inscribed stock and debenture stock
in the name of a minor otherwise than in a joint
account may be made to a parent or guardian of
the minor and the receipt of the parent or guardian
is a valid discharge.
__________________
13
Borrowing and Investment Powers (Stock, Bonds and Debentures)
Regulations 2007
S.R. No. 101/2007
Part 4—Bonds and Debentures (Bearer Instruments)
r. 27
PART 4—BONDS AND DEBENTURES (BEARER
INSTRUMENTS)
27 Form of bond with coupons
A bond with coupons attached issued by the
Treasury Corporation of Victoria must be in the
form set out in Form 1.
28 Form of bond without coupons
A bond without coupons attached issued by the
Treasury Corporation of Victoria must be in the
form set out in Form 2.
29 Requirements for bearer instruments
(1) Bearer instruments either with or without coupons
must—
(a) be prepared on watermarked paper; and
(b) bear—
(i) the signature of 2 officers of the
Treasury Corporation of Victoria
(whether personally or by facsimile,
stamp or other process); or
(ii) the common seal of the Treasury
Corporation of Victoria (or a facsimile
or replica of the seal); and
(c) be numbered consecutively in each
denomination.
(2) A bearer instrument must specify—
(a) the principal sum secured; and
(b) unless interest coupons are attached, the rate
at which interest is payable; and
14
Borrowing and Investment Powers (Stock, Bonds and Debentures)
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Part 4—Bonds and Debentures (Bearer Instruments)
r. 30
(c) the date when and the place where principal
is repayable and, unless interest coupons are
attached, the dates when and place where
interest is payable.
(3) In the case of interest coupons the amount of
interest and the date and place of payment must be
specified on the coupon.
30 Bearer instruments pass by delivery
A bearer instrument and, if the bearer instrument
is issued with interest coupons attached, an
interest coupon after being detached passes by
delivery and without any words of assignment or
endorsement.
31 Rights of bearer
The bearer of a bearer instrument or detached
interest coupon has the same rights as if the bearer
were expressly named as the payee in the
instrument or detached interest coupon.
32 Payment of interest and repayment of principal on
bearer instruments
(1) Interest on bearer instruments issued with interest
coupons attached is only payable to the bearer of
the coupons representing the interest claimed and
upon the surrender of the coupons at the place
where interest is payable.
(2) Interest on bearer instruments without interest
coupons attached is payable to the bearer of the
bearer instruments upon presentation of the bearer
instruments at the place where principal is
payable.
(3) Principal on bearer instruments must only be paid
upon surrender of the bearer instruments at the
place where principal is payable.
15
Borrowing and Investment Powers (Stock, Bonds and Debentures)
Regulations 2007
S.R. No. 101/2007
Part 4—Bonds and Debentures (Bearer Instruments)
r. 33
33 Minors
An issue of bearer instruments must not be made
to a person who is known to the registrar to be
under the age of 18 years, but the registrar is not
bound to inquire as to the age of a person to whom
bearer instruments are issued.
34 The bond and debenture registers
(1) The Treasury Corporation of Victoria must
establish and maintain a register of bonds and a
register of debentures and, within a reasonable
time after the date of issue of any bond or
debenture, must cause an entry to be made in the
appropriate register specifying the number, due
date and amount of the bond or debenture.
(2) The bond register and the debenture register may
be kept in book form, in the form of a paper or
card record or by computer.
(3) If the bond register or debenture register is kept by
computer—
(a) the recording or storing of any information in
the computer is to be taken to be the entry of
that information in the bond or debenture
register, as the case may be; and
(b) any material subsequently derived from
information recorded or stored in that way is
to be taken to be an extract from the bond or
debenture register, as the case may be.
(4) The bond register and debenture register may be
inspected at any time the registry is open for
business by any person.
(5) A person may obtain from the bond register or the
debenture register copies or extracts certified by
the registrar or an authorised officer to be true
copies of or extracts from that register.
16
Borrowing and Investment Powers (Stock, Bonds and Debentures)
Regulations 2007
S.R. No. 101/2007
Part 4—Bonds and Debentures (Bearer Instruments)
r. 35
35 Replacement of bearer instruments
(1) If a bearer instrument is lost, stolen, destroyed or
defaced, the Treasury Corporation of Victoria may
issue a replacement bearer instrument to the
owner on receiving a written application for the
issue of a replacement accompanied by—
(a) a declaration stating that the certificate or
document has been lost, stolen, destroyed or
defaced and has not been pledged, sold or
otherwise disposed of and, if lost, that
appropriate searches have been made; and
(b) the bearer instrument (in the case of a
defaced instrument); and
(c) in the case of a lost bearer instrument, a
written undertaking that if it is found or
received by the owner it will be returned to
the Treasury Corporation of Victoria; and
(d) an indemnity against payment of the original
bearer instrument and interest; and
(e) payment of the expenses incurred by the
Treasury Corporation of Victoria in issuing
the replacement bearer instrument.
(2) The replacement bearer instrument must have the
same currency and be in all respects subject to the
same provisions and bear the same principal sum
and rate of interest as the original bearer
instrument.
(3) Before a replacement bearer instrument with
coupons is issued, the registrar must cause any
interest coupons payable on the replacement
instrument on a date before the instrument is
issued to be cut off and cancelled, but only if the
equivalent coupons of the replaced bearer
instrument have been presented for payment.
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Borrowing and Investment Powers (Stock, Bonds and Debentures)
Regulations 2007
S.R. No. 101/2007
Part 4—Bonds and Debentures (Bearer Instruments)
r. 36
(4) If the Treasury Corporation of Victoria is satisfied
that an interest coupon that has been detached
from a bearer instrument has been lost, stolen or
destroyed before it is paid, the Treasury
Corporation of Victoria must, upon the owner
delivering to the Treasury Corporation of Victoria
an indemnity against payment of the coupon, pay
the amount of the coupon to the owner.
36 Bearer instruments exchanged for stock
(1) A person may apply to the registrar in writing for
the issue of stock in exchange for bearer
instruments.
(2) On application under subregulation (1), the
Treasury Corporation of Victoria may issue stock
in exchange for bearer instruments.
(3) Stock issued in exchange for bearer instruments
must be issued on the same terms and conditions
(including terms and conditions, if any, as to
interest) as those on which the bearer instruments
were issued.
(4) The registrar must issue a receipt for bearer
instruments lodged in exchange for stock and
must keep a record of the receipts issued.
37 Exchange of bearer instruments
(1) Upon application in writing by the holder, a bearer
instrument may be surrendered at the registry in
exchange for another bearer instrument to be
issued at the registry on the same terms and
conditions as those on which the first bearer
instrument was issued.
(2) Before a bearer instrument with coupons is issued
in exchange for a bearer instrument without
coupons, the registrar must cause any interest
coupons payable on the replacement instrument
on a date before that instrument is issued to be cut
off and cancelled.
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Borrowing and Investment Powers (Stock, Bonds and Debentures)
Regulations 2007
S.R. No. 101/2007
Part 4—Bonds and Debentures (Bearer Instruments)
r. 38
(3) An applicant for exchange of bearer instruments
for other bearer instruments must pay to the
Treasury Corporation of Victoria the reasonable
cost of printing the other bearer instruments.
38 Cancellation and discharge etc. of bearer
instruments
(1) The registrar must ensure that a bearer instrument
(including any attached coupons) which is paid
off, discharged or exchanged for stock or another
bearer instrument is cancelled or destroyed on
behalf of the Treasury Corporation of Victoria.
(2) Before a bearer instrument (including any
attached coupons) is destroyed, the Treasury
Corporation of Victoria must cause it, and the
accounts relating to it, to be audited.
(3) If the Treasury Corporation of Victoria, or a
person acting on behalf of the Treasury
Corporation of Victoria, destroys a bearer
instrument under subregulation (1), the Treasury
Corporation of Victoria (or the other person) must
complete a certificate of destruction that identifies
the bearer instrument and coupons (if any)
destroyed, which must be filed in the office of the
Treasury Corporation of Victoria.
__________________
19
Borrowing and Investment Powers (Stock, Bonds and Debentures)
Regulations 2007
S.R. No. 101/2007
Part 5—General
r. 39
PART 5—GENERAL
39 Safe custody of documents
The registrar must take steps to secure the safe
custody of all bearer instruments, and of all
documents relating to bearer instruments and
stock, in the registrar's charge.
40 Verification of signatures
The registrar may, for the purposes of these
Regulations, require a document to be signed
before the registrar or before any person that the
registrar nominates and may require the signatory
to satisfy the registrar or the person nominated of
the identity of the signatory.
41 Other precautions to be taken by registrar
(1) If a registrar is not satisfied as to the genuineness
of a transaction—
(a) because a party to a transaction is not
personally known to a registrar; or
(b) because the registrar is doubtful as to the
genuineness of a signature; or
(c) for any other reason—
the registrar must cause a notice of dealing to be
forwarded to the party.
(2) If a notice of dealing is forwarded to a party, the
registrar must not register the transaction until
satisfied that the matter is in order.
42 Person unable to sign
If a person is unable to sign a document that is
required to be signed for the purposes of these
Regulations, the person's mark on the document
must be attested by a witness.
__________________
20
Borrowing and Investment Powers (Stock, Bonds and Debentures)
Regulations 2007
S.R. No. 101/2007
Sch.
SCHEDULE
FORM 1
Regulation 27
BORROWING AND INVESTMENT POWERS (STOCK, BONDS AND
DEBENTURES) REGULATIONS 2007
FORM OF BONDS WITH COUPONS
(TREASURY CORPORATION OF VICTORIA) BOND
TRANSFERABLE BY DELIVERY
$
Number
Issued under the Borrowing and Investment Powers Act 1987
This Bond entitles the bearer to the sum of $
,
on
with interest in the meantime at the rate of
% per annum
payable on
in every year in accordance with the attached coupons.
The principal sum and interest are guaranteed by the Government of Victoria.
Principal sum and interest are payable at
Dated:
FORM OF COUPON
(TREASURY
CORPORATION OF
VICTORIA)
INTEREST COUPON
Common Seal or signatures of two approved
officers
(TREASURY CORPORATION OF VICTORIA)
BOND
COUPON No.
DUE DATE
This coupon entitles the
Bearer to
interest
in accordance with the
Bond noted hereon—
payable at
__________________
21
Borrowing and Investment Powers (Stock, Bonds and Debentures)
Regulations 2007
S.R. No. 101/2007
Sch.
FORM 2
Regulation 28
BORROWING AND INVESTMENT POWERS (STOCK, BONDS AND
DEBENTURES) REGULATIONS 2007
FORM OF BONDS WITHOUT COUPONS
(TREASURY CORPORATION OF VICTORIA) BOND
TRANSFERABLE BY DELIVERY
Number
Issued under the Borrowing and Investment Powers Act 1987
This Bond entitles the bearer to the sum of $
on
with interest in the meantime at the rate of
payable on
in every year.
% per annum
The principal sum and interest are guaranteed by the Government of Victoria.
The principal sum and interest are payable at
Dated:
Common Seal or signatures of two approved officers
═══════════════
22
Borrowing and Investment Powers (Stock, Bonds and Debentures)
Regulations 2007
S.R. No. 101/2007
Endnotes
ENDNOTES
1. General Information
The Borrowing and Investment Powers (Stock, Bonds and Debentures)
Regulations 2007, S.R. No. 101/2007 were made on 18 September 2007 by
the Governor in Council under section 18 of the Borrowing and Investment
Powers Act 1987, No. 13/1987 and came into operation on 18 September
2007.
The Borrowing and Investment Powers (Stock, Bonds and Debentures)
Regulations 2007 will sunset 10 years after the day of making on
18 September 2017 (see section 5 of the Subordinate Legislation Act 1994).
23
Borrowing and Investment Powers (Stock, Bonds and Debentures)
Regulations 2007
S.R. No. 101/2007
Endnotes
2. Table of Amendments
There are no amendments made to the Borrowing and Investment Powers
(Stock, Bonds and Debentures) Regulations 2007 by statutory rules,
subordinate instruments and Acts.
24
Borrowing and Investment Powers (Stock, Bonds and Debentures)
Regulations 2007
S.R. No. 101/2007
Endnotes
3. Explanatory Details
1
Reg. 4: S.R. No. 104/1997.
25