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Commonwealth Government Securities Legislation Amendment (Retail Trading) Bill 2012

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2010-2011-2012

 

The Parliament of the

Commonwealth of Australia

 

HOUSE OF REPRESENTATIVES

 

 

 

Commonwealth Government Securities Legislation Amendment (Retail Trading) Bill 2012

 

 

( 1 )     Schedule  1 , item  3 , page 3 (line 24) , at the end of the definition of depository nominee , add:

               ; or (c)  has a beneficial interest in.

[depository nominee]

(2)     Schedule  1 , page 4 (after line 30) , after item  7 , insert:

7A  At the end of Part II

Add:

13C   Arrangements etc. relating to stock and depository interests

                   On behalf of the Commonwealth, the Treasurer may enter into, vary, administer or otherwise give effect to a contract, agreement or arrangement relating, directly or indirectly, to one or more of the following:

                     (a)  the issue, management or transfer of stock or depository interests;

                     (b)  the trading of stock or depository interests on a financial market;

                     (c)  services relating to one or more of the following:

                              (i)  a registry that relates to stock or depository interests;

                             (ii)  a clearing and settlement facility;

                            (iii)  depository nominees.

[arrangements]

(3)     Schedule 2, item 2, page 13 (line 8), after “3A,”, insert “13C,”.

[arrangements]