{"id":"western-australian-treasury-corporation-debt-paper-regulations-1986","name":"Western Australian Treasury Corporation (Debt Paper) Regulations 1986","slug":"western-australian-treasury-corporation-debt-paper-regulations-1986","collection":"regulation","jurisdiction":"wa","status":"in_force","isInForce":true,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":183951,"registerId":"wa-western-australian-treasury-corporation-debt-paper-regulations-1986-current","compilationNumber":null,"startDate":"2026-04-05","status":"InForce","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"Western Australian Treasury Corporation (Debt Paper) Regulations 1986","content":"![Crest]()Western Australia\n\nWestern Australian Treasury Corporation Act 1986\n\nWestern Australian Treasury Corporation (Debt Paper) Regulations 1986\n\nWestern Australia\n\nWestern Australian Treasury Corporation (Debt Paper) Regulations 1986\n\nContents\n\nPart I — Preliminary\n\n1. Citation and commencement 1\n\n2. Interpretation and application 1\n\nPart II — Exchange and issue of debt paper\n\n3. Issues of debt paper to public 3\n\n4. Applications for debt paper to be issued to public 4\n\nPart III — Registration of inscribed stock and other registrable securities\n\n6. Naming of debt paper issues 7\n\n7. Registries 7\n\n8. Stock ledgers 7\n\n9. How stock may be registered 8\n\n10. Change of registered particulars 10\n\n11. Infants 11\n\n12. Executors, etc. 11\n\n13. Only persons whose names are recorded recognized as owners 11\n\n15. Inspection of stock ledgers 12\n\n16. Stock certificates and registered bonds 12\n\n17. Registrable amounts 13\n\n18. Correction of stock ledgers 13\n\n19. Verification and audit 13\n\nPart IV — Transfer and transmission of stock\n\n20. Holder may transfer 15\n\n21. Limitations on registration of transactions in stock 16\n\n23. Marking of transfers 16\n\n24. Time for registration of transfers 17\n\n27. Transmissions 17\n\n28. Transmissions on death 18\n\n29. Transmissions other than by transfer 19\n\nPart V — Interest, receipts, redemption and powers of attorney in relation to stock\n\n30. Interest on stock 21\n\n31. Cessation of interest on stock 22\n\n32. Receipts 22\n\n33. Repayment of principal 23\n\n34. Powers of attorney 23\n\nPart VII — Miscellaneous\n\n38. Provision for defaced stock certificates, registered bonds, bearer securities or interest coupons 25\n\n39. Provision for lost or destroyed stock certificates, registered bonds, bearer securities or interest coupons 25\n\n40. Brokerage, etc. 26\n\nNotes\n\nCompilation table 27\n\nDefined terms\n\n  \n\nWestern Australia\n\nWestern Australian Treasury Corporation Act 1986\n\nWestern Australian Treasury Corporation (Debt Paper) Regulations 1986\n\n## Part I — Preliminary\n\n##### 1. Citation and commencement\n\n(1) These regulations may be cited as the *Western Australian Treasury Corporation (Debt Paper) Regulations 1986* 1.\n\n(2) These regulations, except for regulation 19(3), shall be deemed to have come into operation on 1 July 1986.\n\n(3) Regulation 19(3) shall come into operation on the day on which these regulations are published in the *Gazette* 1.\n\n##### 2. Interpretation and application\n\n(1) In these regulations, unless the contrary intention appears —\n\n  attorney means person appointed to be an attorney under regulation 34;\n\n  holder, in relation to inscribed stock, means person whose name is recorded as the holder of that stock in the stock ledger, and includes a reference to a holder in a joint account;\n\n  marking facility means marking facility established and conducted under section 10 of the Act;\n\n  registrar means registrar for the time being appointed as such under section 10 of the Act, and includes deputy registrar or agent appointed under that section to deal in debt paper;\n\n  registry means registry established and conducted under section 10 of the Act;\n\n  stock means any form of debt paper, by whatever name called, the transfer of which is, by direction of the Corporation, effected by inscription in the stock ledger;\n\n  stock certificate means stock certificate issued under regulation 16;\n\n  stock ledger means register maintained by the Corporation under these regulations, in which register are recorded particulars of the issue of stock and of the holders of stock;\n\n  the registrar, in relation to any debt paper, means the registrar in whose registry the particulars of that debt paper are to be, or are for the time being, recorded;\n\n  transfer means instrument of transfer and acceptance of the kind referred to in regulation 20(1);\n\n  transmission means transmission of inscribed stock in consequence of —\n\n(a) the death, bankruptcy or insolvency of the holder; or\n\n(b) any lawful means of transmission other than a transfer.\n\n(2) In these regulations, a reference to a statement includes a reference to a matter that is not written but, by reason of the form or context in which it appears, conveys a message.\n\n(3) Nothing in these regulations prevents the Corporation from making use of, or dealing in, any instrument evidencing indebtedness not provided for, or not sufficiently provided for, in these regulations.\n\n[Regulation 2 amended: Gazette 10 Nov 1998 p. 6159‑60.]\n\n## Part II — Exchange and issue of debt paper\n\n##### 3. Issues of debt paper to public\n\n(1) For the purpose of these regulations, an invitation or offer shall not be taken to be made to the public generally if it is made to persons —\n\n(a) whose ordinary business is to buy or sell debt paper, whether as principal or agent; or\n\n(b) who are existing holders of debt paper —\n\n(i) issued under the Act; or\n\n(ii) issued by an authority under any Act other than this Act.\n\n(2) Notwithstanding that the provisions of the *Corporations Act 2001* of the Commonwealth do not apply to the Corporation, the Corporation shall have regard thereto in relation to any dealings in debt paper, and when the Corporation offers debt paper to the public generally for subscription or purchase, or the public generally are invited to subscribe for or purchase debt paper, the Corporation shall in lieu of issuing a prospectus in the manner required of a corporation under the *Corporations Act 2001* of the Commonwealth instead issue a statement setting out —\n\n(a) the terms and conditions applicable to that offer or invitation in a manner which is not misleading in the form or context in which it is included;\n\n(b) the name and loan number to be ascribed to the proposed issue;\n\n(c) the price payable or the method by which that price is to be determined;\n\n(d) the rate of interest offered;\n\n(e) the date of maturity, or the term of the loan;\n\n(f) the amount intended to be raised or borrowed;\n\n(g) the form of debt paper to be issued, and whether or not it is negotiable;\n\n(h) if the debt paper is not to be negotiable, the manner of its registration and transfer; and\n\n(i) the manner of application for subscription or purchase.\n\n[Regulation 3 amended: Gazette 10 Nov 1998 p. 6160; 28 Sep 2001 p. 5357‑8.]\n\n##### 4. Applications for debt paper to be issued to public\n\n(1) An application to subscribe for or purchase debt paper under an offer or invitation made by the Corporation shall be made in a form approved by the registrar, completed and signed by the applicant, and lodged —\n\n(a) in the manner specified in that offer or invitation; or\n\n(b) if no manner is specified in that offer or invitation, with the Corporation.\n\n(2) The full amount of the subscription for or purchase price of the debt paper applied for under subregulation (1) shall be paid at the time of making that application, unless —\n\n(a) the Corporation approves a payment by way of deposit; or\n\n(b) payment is made of such amount and in such manner as is required by the offer or invitation made by the Corporation, but no debt paper shall be issued and no inscription of stock effected until the full amount of the subscription or purchase price has been received by the Corporation.\n\n(3) The Corporation on receipt of a deposit referred to in subregulation (2)(a) shall issue a document that constitutes an acknowledgement of that deposit and, as soon as may be convenient after receipt of the full amount of the relevant subscription or purchase price, shall issue the required debt paper to the applicant or effect the inscription of the name of the applicant as to the required amount of stock, as the case requires.\n\n(4) If payment of the full amount of the relevant subscription or purchase price is not made, the balance payable shall be paid in such manner as is required by the offer or invitation made by the Corporation, and, unless otherwise provided in that offer or invitation, if any such payment is not received, the Corporation, after giving 14 days’ notice in writing to the applicant and without prejudice to its right to recover unpaid amounts, may —\n\n(a) decline to give effect to the application concerned;\n\n(b) if the application concerned relates to a holding in respect of which part payment has been made, forfeit the right to the issue or inscription;\n\n(c) issue debt paper to the applicant to the extent that the moneys which have been received represent debt paper on which the full amount of the subscription or purchase price has been paid;\n\n(d) apply the moneys received, and any moneys received in respect of a re‑issue or re‑allocation, in so far as not expended in accordance with paragraph (c) —\n\n(i) in payment of expenses incurred in respect of the application or re‑issue or re‑allocation; and\n\n(ii) in satisfaction of any moneys due to the Corporation from the applicant or former holder in respect to any matter,\n\nand repay the balance, if any, to the applicant or former holder; or\n\n(e) re‑allocate debt paper, in respect of which the right of a person to its issue or inscription has been forfeited, to any other person,\n\nor exercise any 2 or more of the powers referred to in paragraphs (a) to (e).\n\n[(5) deleted]\n\n(6) In the case of a joint account, an application to subscribe for or purchase any debt paper shall set out the names of the applicants in the order in which it is desired that they shall be registered.\n\n[Regulation 4 amended: Gazette 10 Nov 1998 p. 6160.]\n\n[**5.** Deleted: Gazette 10 Nov 1998 p. 6160.]\n\n## Part III — Registration of inscribed stock and other registrable securities\n\n##### 6. Naming of debt paper issues\n\nThe Corporation shall give directions concerning the form which debt paper is to take and shall ascribe a name and loan number to be used in reference to each of the respective issues thereof.\n\n##### 7. Registries\n\n(1) When stock authorised to be guaranteed, or liable to be guaranteed, by the Treasurer of the State on behalf of the State is issued by an authority under any Act other than the Act, the Corporation, by agreement with that authority, may undertake the recording of that stock, and of the registration of the holders thereof and of dealings, including transfers, transmission and markings, relating thereto in lieu of the issue, recording or registration arrangements provided for in that Act, and may do so either separately or as an integral part of the operations of any registry, marking facility or agency established or conducted under section 10 of the Act.\n\n(2) When the Corporation proposes to exercise a power conferred by subregulation (1) in relation to any Act, notice of the proposed new arrangements and of the date on which they are to come into operation shall be published by the Corporation in the *Gazette*.\n\n##### 8. Stock ledgers\n\n(1) A stock ledger shall be established and maintained in accordance with a system approved by the Corporation.\n\n(2) All stock issued shall be recorded at the registry by inscribing or otherwise entering particulars of the amount held, the full name and address of the holder, and such other matters as the Corporation may direct, in the stock ledger.\n\n(3) The registrar shall maintain as part of the stock ledger transfers registers, in which shall be entered particulars of holders, transfers, transmissions, conversions, exchanges, discharges, redemptions, and other matters affecting the holding of stock.\n\n(4) The registrar shall cause the stock ledger to be compared with the applications for stock, and with transfers and transmissions notified in so far as they relate to stock, and with such other information as is available affecting the issue of or dealing in stock to ensure that all transactions are duly and properly entered and recorded.\n\n[Regulation 8 amended: Gazette 10 Nov 1998 p. 6160‑1.]\n\n##### 9. How stock may be registered\n\n(1) No stock shall be registered in the names of more than 4 persons.\n\n(2) A firm shall not be registered as such or by reference to a trading or business name, but shall be registered in the names of not more than 4 of the individual partners of the firm.\n\n(3) Subject to subregulation (4), stock may be registered in the name of a company or other body corporate, but —\n\n(a) the registrar may first require the company or other body corporate to lodge at the registry at which the stock is then recorded, or is proposed to be recorded, as the case requires, evidence that each document required to be executed in respect of the dealing by or on behalf of the company or other body corporate has been executed in a manner that is effectual in law and binds the company or other body corporate; and\n\n(b) when a document has been executed by a company or other body corporate by the affixing of its seal in the presence of, and attested by, persons purporting to be the persons authorised so to do by the rules or articles of the company or other body corporate governing the mode of affixing that seal as furnished to the Corporation, the document shall, for the purposes of these regulations, be deemed to be duly executed by the company or other body corporate and the registrar shall not be bound to enquire into the authority of those persons in the affixing or attesting of that seal or into the authenticity of their signatures.\n\n(4) Stock may be registered in the name of, or of a branch of —\n\n(a) a friendly society, or credit union, or industrial union of employers, or industrial union of workers, or other industrial organization which the registrar is satisfied is registered under the law of any State or Territory or of the Commonwealth; or\n\n(b) any organization or body incorporated under the law of any State or Territory or of the Commonwealth relating to the incorporation of associations,\n\nbut the registrar may require that he be furnished by that society, union, organization or body with a certificate in a form approved by the registrar containing the names and signatures of 2 or more persons who are appointed to sign any document relating to the relevant stock in the name of that society, union, organization or body.\n\n(5) The registrar may, before effecting the registration of any dealing —\n\n(a) require to be satisfied of the authenticity of any document or purported appointment to sign a document;\n\n(b) require a document to be under seal;\n\n(c) require a holder to effect the dealing in a form approved by the Corporation; or\n\n(d) give notice of the dealing to any person and decline to register the dealing until a reply satisfactory to the registrar is received.\n\n(6) A person who seeks to be registered in relation to any stock may be required by the registrar to lodge at the registry a specimen of his signature verified in a manner approved by the registrar, but, if any such person is unable to sign his name, documents required for the purpose of these regulations may be executed by him and attested in a manner approved by the registrar.\n\n(7) When the registrar is satisfied with any documents produced for the purposes of these regulations, and those documents, or copies of those documents, are retained by the registrar or included in his signature register, the registrar shall not thereafter require those documents to be produced in respect of subsequent dealings.\n\n(8) If from any cause any authority given for the purposes of these regulations —\n\n(a) to an authorised person is substituted in favour of another person; or\n\n(b) to any specified person is cancelled or withdrawn,\n\nnotification of that substitution, cancellation or withdrawal shall be given to the registrar in like manner to the giving of an authorisation, and neither the Corporation nor the registrar shall be under any liability in respect of a record or dealing which is, or purports to be authorised.\n\n[Regulation 9 amended: Gazette 10 Nov 1998 p. 6161.]\n\n##### 10. Change of registered particulars\n\n(1) An application to change the name, address or other registered particulars of a person shall, on the occurrence of that change, be forthwith made in writing by him to the registrar, and, subject to subregulation (2), on the application being approved by the registrar that change shall be recorded in the stock ledger.\n\n(2) If an application to change the particulars registered in relation to a person is received at the registry less than 7 days before a payment of interest is due, the registrar may decline to record the change specified in that application until after payment of that interest.\n\n[Regulation 10 amended: Gazette 10 Nov 1998 p. 6161.]\n\n##### 11. Infants\n\n(1) Stock may be registered solely in the name of a minor, and a minor may transfer stock, but, if the minor has not attained the age of 14 years, the stock shall not be transferred without the consent of the parent or guardian of the minor.\n\n[(2) deleted]\n\n(3) Stock may be registered in the name of a minor jointly with one or more adult persons, but shall not, without the order of a Judge of the Supreme Court of a State or Territory, be transferred until the coming of age or decease of the minor.\n\n(4) When stock is registered in the name of a minor jointly with one or more other persons, the principal may —\n\n(a) if the minor has attained the age of 14 years, be paid to the minor; or\n\n(b) if the minor has not attained the age of 14 years, be paid to the parent or guardian of the minor,\n\njointly with the other person or persons in whose name or names the stock is registered.\n\n[Regulation 11 amended: Gazette 10 Nov 1998 p. 6161.]\n\n##### 12. Executors, etc.\n\nExecutors, administrators and trustees shall not be registered as such, but shall be registered in their individual names without reference to any executorship, administratorship or trusteeship.\n\n##### 13. Only persons whose names are recorded recognized as owners\n\n(1) The Corporation and the registrar shall, for all purposes, be entitled to regard the persons whose names are recorded as the holders registered in the stock ledger as the true and absolute owners of the stock in relation to which those names are so recorded.\n\n(2) All receipts, discharges, releases and other documents whatsoever executed by persons referred to in subregulation (1) in relation to stock, or any interest therein or thereon, shall be deemed for all purposes and against all persons to be documents duly executed by the persons entitled to the stock, as the case requires.\n\n[Regulation 13 amended: Gazette 10 Nov 1998 p. 6162.]\n\n[**14.** Deleted: Gazette 10 Nov 1998 p. 6162.]\n\n##### 15. Inspection of stock ledgers\n\n(1) A holder, or his attorney or agent duly authorised to the satisfaction of the registrar, may obtain from the registrar a certified copy of, or extract from, the stock ledger relating to his holding.\n\n(2) A holder or joint holder of stock shall be at liberty, at all reasonable times and on reasonable application, to inspect his account of stock in a stock ledger.\n\n[Regulation 15 amended: Gazette 10 Nov 1998 p. 6162.]\n\n##### 16. Stock certificates and registered bonds\n\n(1) At the written request of a person who is the holder of inscribed stock, the registrar shall issue a stock certificate in a form approved by the registrar concerning the holding of that person in the inscribed stock and setting out the amount of the inscribed stock registered in his name on the date specified in that request.\n\n(2) The registrar shall deliver a stock certificate only to the person whose name is registered as that of the holder of the inscribed stock in respect of which the stock certificate is to be issued, or to his attorney, or to a person authorised in writing by that holder to take delivery of the stock certificate.\n\n(3) The want of a stock certificate shall not prevent the holder of inscribed stock from disposing of his holding.\n\n[Regulation 16 amended: Gazette 10 Nov 1998 p. 6162; 6 Jun 2003 p. 2026.]\n\n##### 17. Registrable amounts\n\n(1) Stock shall be registered or remain registered only in amounts of $100 or some multiple of $100, and stock certificates shall be issued and dealt with accordingly.\n\n(2) Except with the consent of the registrar, stock having a value that is not an integer multiple of $100 or which is less than $100 shall not be transferable.\n\n[Regulation 17 amended: Gazette 10 Nov 1998 p. 6162.]\n\n##### 18. Correction of stock ledgers\n\nOn receipt of a request in writing from a holder so to do, the registrar may amend the stock ledger if he is satisfied that any information relating to stock has been recorded incorrectly owing to a mistake in any document or for any other reason, but, if the registrar so requires, the holder shall furnish a statutory declaration of the circumstances to support the request to amend the stock ledger.\n\n[Regulation 18 amended: Gazette 10 Nov 1998 p. 6162.]\n\n##### 19. Verification and audit\n\n(1) All practicable precautions shall be taken by the registrar to guard against fraud or improper transactions, and every entry in the stock ledger shall be verified or approved by the registrar, or such officer or agent as the Corporation may from time to time appoint, and shall be audited by an officer appointed for that purpose by the Auditor General.\n\n(2) A person, other than the officer or officers appointed by the Auditor General to audit transactions and the registrar and officers or agents of the Corporation immediately engaged on business relating to stock and approved by the registrar, shall not have access to any books, forms or other records except in so far as may be authorised under these regulations.\n\n(3) Officers or agents appointed or approved within the meaning of subregulation (2) for the purpose of these regulations shall not divulge any information coming to their knowledge by reason of or in the course of their duties under these regulations, except as may be necessary for the conduct of their duties or as required by law.\n\nPenalty: $2 500.\n\n[Regulation 19 amended: Gazette 10 Nov 1998 p. 6163.]\n\n## Part IV — Transfer and transmission of stock\n\n##### 20. Holder may transfer\n\n(1) The person whose name is registered in the stock ledger as the holder of stock may dispose of and transfer that stock in a manner provided by these regulations, and not otherwise, by means of an instrument of transfer and acceptance in a form substantially complying with the form approved by the registrar, copies of which may be obtained from the registrar, and registered in accordance with these regulations.\n\n(2) To have effect, a transfer to effect a change of holder shall be executed by each of the parties to that transfer, whether making or accepting that transfer, in person or by his attorney and the signatures to the transfer shall be verified in a manner approved by the registrar.\n\n(3) The registrar shall give effect to an instrument of transfer and acceptance referred to in subregulation (1) duly executed by —\n\n(a) cancelling the registration recorded in the stock ledger in the name of the transferor; and\n\n(b) registering the stock in the stock ledger in the name of the transferee.\n\n[(4) deleted]\n\n(5) Except in relation to the first payment of interest, when under the conditions of the issue the Corporation has provided that payment shall be made to the person in whose name the stock was originally registered, every transfer shall pass the right to all interest becoming due and payable after the date of registration thereof, so that the Corporation shall not be under any necessity to apportion any such interest as between the transferor and the transferee.\n\n(6) Every transfer shall be lodged on a transfer day.\n\n(7) In subregulation (6) —\n\n  transfer day means Monday, Tuesday, Wednesday, Thursday or Friday on which the registry is not closed by reason of that day being a public holiday under the law of a State, a Territory or of the Commonwealth.\n\n[Regulation 20 amended: Gazette 10 Nov 1998 p. 6163.]\n\n##### 21. Limitations on registration of transactions in stock\n\nA transaction shall not, without the consent of the registrar, be registered or dealt with within the period of —\n\n(a) 7 days prior to the date on which interest is due; or\n\n(b) 7 days prior to the date of maturity concerned,\n\nand the stock ledger shall be deemed to be closed during that period.\n\n[Regulation 21 amended: Gazette 10 Nov 1998 p. 6163.]\n\n[**22.** Deleted: Gazette 10 Nov 1998 p. 6163.]\n\n##### 23. Marking of transfers\n\n(1) Subject to subregulation (2), the owner of any stock, or his attorney or his agent duly authorised, may, by means of a form approved by the registrar and lodged at the registry, request the registrar to mark a transfer which has been properly executed by the holder as transferor with the words “Stock held against this transfer for $ (insert amount) for a period of (insert period, not being longer than 3 months) from and including (insert date)” (or words substantially similar thereto), and when a transfer is so marked the registrar may refuse to give effect to any dealing to which the transfer relates during the period marked on the transfer, from and including the date of marking, in respect of the amount represented by the stock so marked, except in completion of the marked transfer.\n\n(2) Nothing in subregulation (1) prevents the holder from surrendering to the registrar a transfer marked under that subregulation for cancellation within the period so marked if that form of transfer has not been executed by a transferee.\n\n(3) Notwithstanding that a transfer marked under subregulation (1) has been executed by a transferee, that transfer and that marking may be cancelled by the registrar with the consent of both the transferor and the transferee and the registrar may thereupon give effect to any other dealing to which the marked transfer related.\n\n[Regulation 23 amended: Gazette 10 Nov 1998 p. 6163.]\n\n##### 24. Time for registration of transfers\n\n(1) A transfer may be registered at any time within 3 calendar months after the time the registrar has marked it under regulation 23, notwithstanding that the transferor after executing the transfer has died or become bankrupt or insolvent.\n\n(2) After the expiry of the period of 3 calendar months referred to in subregulation (1), the registrar shall refuse to register the transfer concerned if he has had notice of the death, bankruptcy or insolvency of the transferor.\n\n[**25, 26.** Deleted: Gazette 10 Nov 1998 p. 6164.]\n\n##### 27. Transmissions\n\n(1) A person to whom stock is transmitted may apply to the registrar to be registered as the holder of the stock, but the registrar may require that the application be made by way of a mandate for transmission in a form approved by the registrar.\n\n(2) The registrar shall, if he is satisfied that the requirements of these regulations have been complied with, register the transmission referred to in subregulation (1) by entering a record of it in the stock ledger and inscribing or otherwise entering the name of the person to whom the stock concerned has been transmitted in that stock ledger as the holder of that stock.\n\n(3) A person shall not have any claim against the Corporation or the Government in respect of any transmission effected under this regulation, but nothing in this regulation relieves the person to whom the relevant stock is transmitted from any liability to account for or deal with that stock in accordance with law.\n\n(4) A statutory declaration produced to and accepted by a registrar under these regulations is a valid discharge to him and to the Corporation against the claims of any other person whomsoever in relation to a transmission the registration of which was thereby effected.\n\n[Regulation 27 amended: Gazette 10 Nov 1998 p. 6164.]\n\n##### 28. Transmissions on death\n\n(1) The executor, administrator or trustee of the estate of a deceased holder (not being one of several joint holders) shall be the only person recognized by the Corporation as having any title to or interest in stock registered in the name of the deceased holder.\n\n(2) When one of the holders in a joint account dies, the survivor or survivors in the joint account shall be the only person or persons recognized by the Corporation as having any title to or interest in stock to which the joint account relates.\n\n(3) On the furnishing of satisfactory proof of the death of a joint holder in a joint account, and on receipt by the registrar of an application in writing from the survivor or survivors in the joint account, the stock concerned shall be registered in the name of the survivor or survivors.\n\n(4) A person is not required to reseal in the State any probate of a will or letters of administration of an estate in order that a transmission may be registered under these regulations if, in respect of stock to which the estate relates, probate of a will or letters of administration of the estate is or are produced to the registrar, together with such further information as the registrar may require.\n\n(5) Unless the registrar otherwise requires, in the case of a transmission consequent on death when neither the probate of the will nor the letters of administration are produced to that registrar, then —\n\n(a) in the case of transmission to a survivor or the survivors of a joint owner; or\n\n(b) in a case in which the face value of the stock to be transmitted does not exceed $20 000,\n\na certificate of death of the person who has died, accompanied by a statutory declaration or other evidence satisfactory to that registrar identifying the person named in that certificate of death with the person who is shown as the registered holder, setting out the reasons why probate or letters of administration are not produced and declaring that the face value of the stock transmitted will be dealt with according to law, may be produced to and accepted by that registrar instead of the probate of the will or the letters of administration.\n\n[Regulation 28 amended: Gazette 10 Nov 1998 p. 6164.]\n\n##### 29. Transmissions other than by transfer\n\n(1) When stock is to be transferred by transmission in consequence of the death or bankruptcy or insolvency of the registered holder or for any other lawful reason, otherwise than by a transfer, the person to whom the stock is to be transmitted, or his attorney or his duly authorised agent, may, in a form substantially complying with the form approved by the registrar, copies of which may be obtained from the registrar, apply to the registrar to be registered as the holder.\n\n(2) An application for transmission shall, if the registrar so requires, be supported by a statutory declaration or other evidence satisfactory to the registrar verifying the contents of that application.\n\n(3) The registrar may require the signature of a person who claims a transmission by virtue of his appointment as executor, administrator or trustee to be verified to the satisfaction of the registrar.\n\n(4) The probate of the will or letters of administration of the relevant estate or an office copy of the relevant adjudication or order of sequestration or vesting order, as the case requires, or any other document that authorises transmission under this regulation, shall be produced to the registrar, if he so requires.\n\n(5) The registrar may require any document produced under this regulation to be left at the registry at least 2 clear days before the transaction to which it relates is to be dealt with under these regulations, and shall enter or cause to be entered particulars of that document in the register.\n\n(6) If the registrar is satisfied that stock is registered in the name of a person whose property is required by law to be placed in the hands of the Public Trustee, or of an officer holding a corresponding position in any other State or any Territory or the Commonwealth or of any other officer charged with the duty of administering estates of deceased persons or missing persons or persons under legal disability (other than bankruptcy or insolvency), the registrar may authorise transmission to the name of the Public Trustee, the officer holding a corresponding position or that other officer, but before doing so the registrar may require a sufficient indemnity from the Public Trustee, the officer holding a corresponding position or that other officer.\n\n[Regulation 29 amended: Gazette 10 Nov 1998 p. 6164‑5.]\n\n## Part V — Interest, receipts, redemption and powers of attorney in relation to stock\n\n##### 30. Interest on stock\n\n(1) Subject to this regulation, interest on stock shall be paid —\n\n(a) in the manner set out in the offer or invitation under which the stock was issued; or\n\n(b) by a cheque payable to the order of the holder and crossed “Not negotiable” sent by ordinary prepaid letter through the post, addressed to —\n\n(i) the holder; or\n\n(ii) the holder whose name in a joint account is first inscribed in the stock ledger,\n\nas the case requires, at his address as last notified to the registrar before the register closed.\n\n(2) At the risk of the holder, payment of interest may be made into an account in a bank within the Commonwealth, whether that account is in the name of the holder or of some other person or body.\n\n(3) For the purposes of subregulation (2) —\n\n(a) a holder who desires interest on any stock held by him to be paid to the credit of a bank account shall make application in a manner approved by the registrar; and\n\n(b) an application for payment into a bank account shall be lodged at the registry at least 7 days before the relevant interest is due and the instructions therein shall remain in force although the stock to which that application relates may have been added to or partly transferred.\n\n(4) During any period for which the stock ledger is deemed to be closed, the Corporation shall cause the amount represented by the stock respectively standing to the credit of the several registered holders thereof to be ascertained and the balances to be struck and carried forward in the register, and the persons who on the day the register is so closed are recorded as holders shall be entitled to receive the interest next payable on that stock.\n\n(5) Interest may be paid in a manner approved by the registrar and not otherwise provided for in these regulations, or, on an application being made by the holder in a manner approved by the registrar, to some person therein nominated by the holder.\n\n(6) Interest on any stock held in the name of a minor or a person of unsound mind, jointly with others not under legal disability, may be paid as directed by the holders other than the holder under a legal disability, and without the concurrence of the minor or person of unsound mind, on sufficient proof of legal disability being lodged with the registrar.\n\n(7) If, under the conditions of the relevant issue, the Corporation has provided that the first payment of interest on any stock shall be made to the person in whose name the stock was registered originally, then that person shall for the purpose of the first payment of interest be deemed to be the holder under this regulation.\n\n[Regulation 30 amended: Gazette 10 Nov 1998 p. 6165.]\n\n##### 31. Cessation of interest on stock\n\nInterest on stock shall cease on the date of maturity of that stock.\n\n[Regulation 31 amended: Gazette 10 Nov 1998 p. 6165.]\n\n##### 32. Receipts\n\n(1) The receipt of —\n\n(a) a person who is the registered holder or one of the registered holders; or\n\n(b) the attorney of or an agent duly authorised by, such a person,\n\nshall be a sufficient discharge of the Corporation for any interest payable in respect of any stock, or any document relating thereto, and the Corporation shall not be bound to see to the application of the money paid on that receipt.\n\n(2) If stock is held in joint names and one or more of the registered holders dies or die, or becomes or become bankrupt, insolvent or otherwise legally incapable, the receipt of any one of the other joint holders or survivors, or of his attorney or an agent duly authorised, shall be a sufficient discharge of the Corporation for any interest payable in respect of the stock or any document relating thereto, notwithstanding that a transmission has not been registered under Part IV.\n\n(3) When stock is redeemed, subject to any requirement of the registrar made in relation to a discharge to be given by joint holders, the receipt of any one of the persons in whose names the stock is held shall be a sufficient discharge of the Corporation.\n\n[Regulation 32 amended: Gazette 10 Nov 1998 p. 6166.]\n\n##### 33. Repayment of principal\n\n(1) Stock shall be redeemable by payment in accordance with the offer or invitation under which the issue concerned was made.\n\n(2) Holders may, by agreement with the registrar, arrange for repayment, when due, of the principal sum into a bank account.\n\n[Regulation 33 amended: Gazette 10 Nov 1998 p. 6166.]\n\n##### 34. Powers of attorney\n\n(1) A person may by power of attorney in a form approved by the registrar appoint some other person to be his attorney for any purpose in relation to his title to or interest in any stock (including an application for conversion or to receive interest or repayments of principal or redemption moneys), but if that power purports to confer authority to deal on behalf of persons holding jointly it must be executed by all those holders.\n\n(2) If the registrar is satisfied that a power of attorney referred to in subregulation (1) has been properly executed and attested and that the signatures thereto are genuine, and is of the opinion that it contains a power appropriate to the purpose, the registrar may act on the authority contained therein for the purpose of these regulations.\n\n(3) The registrar may require a power of attorney to be left at the registry at least 2 clear days before it is to be acted on.\n\n(4) Particulars of every power of attorney left at the registry for notation shall be entered by the registrar in a register.\n\n(5) A power of attorney shall be valid and effectual for all purposes therein mentioned until notice of its revocation or of the death, bankruptcy, insolvency or unsoundness of mind of the donor of that power has been received by the registrar.\n\n[Regulation 34 amended: Gazette 10 Nov 1998 p. 6166.]\n\n[Part VI (r. 35‑37) deleted: Gazette 10 Nov 1998 p. 6166.]\n\n## Part VII — Miscellaneous\n\n##### 38. Provision for defaced stock certificates, registered bonds, bearer securities or interest coupons\n\nIf a stock certificate is defaced in any manner —\n\n(a) the registrar may cancel the same and cause a new stock certificate to be issued in lieu; and\n\n(b) the new stock certificate issued under this regulation shall have the same effect and be in all respects subject to the same provisions and refer to the same date, principal sum and amount or rate of interest (as the case requires) as the stock certificate cancelled under this regulation.\n\n[Regulation 38 amended: Gazette 10 Nov 1998 p. 6166.]\n\n##### 39. Provision for lost or destroyed stock certificates, registered bonds, bearer securities or interest coupons\n\n(1) If the registrar is satisfied that any stock certificate of a number and sum specified by the claimant has been lost or destroyed, the registrar may cause a new stock certificate to be issued.\n\n(2) A stock certificate issued under subregulation (1) shall be —\n\n(a) annotated as having been issued in lieu of;\n\n(b) have the like currency or effect as; and\n\n(c) bear the same date, principal sum and amount or rate of interest as,\n\nthe lost or destroyed stock certificate.\n\n(3) The registrar may require the claimant to —\n\n(a) undertake to return to the Corporation any document that has been lost and is found after the issue of a replacement under this regulation; and\n\n(b) give such security to the Corporation as the registrar considers sufficient to indemnify the Corporation against double payment.\n\n[Regulation 39 amended: Gazette 10 Nov 1998 p. 6166.]\n\n##### 40. Brokerage, etc.\n\nThe Corporation may pay moneys by way of commission, brokerage or otherwise for the making, procuring, negotiating, obtaining, or raising of any moneys received by the Corporation under these regulations, or in respect of any placement or dealings relating thereto.\n\n[**41.** Omitted under the Reprints Act 1984 s. 7(4)(f).]\n\nNotes\n\n1 This is a compilation of the *Western Australian Treasury Corporation (Debt Paper) Regulations 1986* and includes the amendments made by the other written laws referred to in the following table. The table also contains information about any reprint.\n\nCompilation table\n\n| **Citation** | **Gazettal** | **Commencement** |\n| --- | --- | --- |\n| *Western Australian Treasury Corporation (Debt Paper) Regulations 1986* | 4 Aug 1986 p. 2795‑814 | regs other than r. 19(3): 1 Jul 1986 (see r. 1(2));   r. 19(3): 4 Aug 1986 (see r. 1(3)) |\n| *Western Australian Treasury Corporation (Debt Paper) Amendment Regulations 1998* | 10 Nov 1998 p. 6159‑66 | 10 Nov 1998 (see r. 2 and *Gazette* 10 Nov 1998 p. 6149) |\n| *Corporations (Consequential Amendments) Regulations 2001* Pt. 8 | 28 Sep 2001 p. 5353‑8 | 15 Jul 2001 (see r. 2 and Cwlth *Gazette* 13 Jul 2001 No. S285) |\n| *Corporations (Consequential Amendments) (FSR) Regulations 2003* Pt. 7 | 6 Jun 2003 p. 2023‑6 | 11 Mar 2002 (see r. 2 and Cwlth *Gazette* 24 Oct 2001 No. GN42) |\n| **Reprint 1: The *Western Australian Treasury Corporation (Debt Paper) Regulations 1986* as at 2 Apr 2004** (includes amendments listed above) | | |\n\n\nDefined terms\n\n*[This is a list of terms defined and the provisions where they are defined. The list is not part of the law.]*\n\n**Defined term Provision(s)**\n\nattorney 2(1)\n\nholder 2(1)\n\nmarking facility 2(1)\n\nregistrar 2(1)\n\nregistry 2(1)\n\nstock 2(1)\n\nstock certificate 2(1)\n\nstock ledger 2(1)\n\nthe registrar 2(1)\n\ntransfer 2(1)\n\ntransfer day 20(7)\n\ntransmission 2(1)\n","sortOrder":0}],"analysis":{"issue_detection":{"absurdities":[],"contradictions":[]},"flash_summary":{"complexity_score":5,"scope_assessment":{"changed":false,"description":"The regulations retain their original core purpose: to provide the procedural framework for issuing, registering, transferring and administering WATC debt paper. Subsequent amendments (1998, 2001, 2003) modernised terminology, aligned offer disclosure mechanics with the Corporations Act by prescribing an alternative public statement (reg 3(2)), removed obsolete provisions and refined administrative details (for example the deletion of Part VI and other minor edits). Those changes are administrative and alignment‑oriented rather than a material expansion of WATC’s substantive powers or a significant broadening of the legislation’s scope."},"complexity_factors":["Approximately 40 regulations with multiple Parts and topic divisions (issues, registration, transfer, transmission, interest, miscellaneous).","About 11 explicitly defined terms in the interpretation section (reg 2).","Frequent cross‑references to the parent Act (WATC Act s.10) and to external legislation (Corporations Act 2001) (regs 2, 3, 7).","Numerous conditional rules and exceptions: payment and forfeiture options on incomplete subscriptions (reg 4), transfer‑registration blackout windows (reg 21), marking and 3‑month marking period (reg 23).","Multiple evidentiary routes and thresholds with differing documentary requirements (probate, letters of administration, death certificate + statutory declaration for <= $20,000 or survivors) (reg 28(5)).","Registrar discretion appears repeatedly (to accept documents, require seals, refuse or delay registration, request statutory declarations), producing nested decision points (regs 9, 10, 18, 27–29, 34).","Detailed recordkeeping, verification and audit obligations (stock ledger, transfer registers, Auditor‑General audit and restricted access/confidentiality with penalty) (regs 8, 19).","Operational constraints affecting market behaviour (non‑negotiable issues, $100 minimum multiples, max 4 joint holders) (regs 3(2)(g)–(h), 17, 9(1)).","Several deleted or amended provisions and later consequential amendments (1998, 2001, 2003) mean the text reflects updates and removed material, which can complicate historical interpretation (compilation table and deleted regs)."],"plain_english_summary":"**What this instrument does (mechanics)**\n\n- Establishes detailed administrative rules for the issue, registration, transfer, transmission (on death, bankruptcy or other lawful event), payment of interest, redemption and record‑keeping of “debt paper” issued by the Western Australian Treasury Corporation (WATC). (See regs 3–4, 8–9, 20–34.)\n\n- Requires WATC to keep a stock ledger and registries recording each issue, the holders, transfers, transmissions and related dealings; and sets minimum content and verification duties for those records. (Regs 6–8, 18–19.)\n\n- Sets rules for how members of the public may apply to subscribe or buy an issue, including form of application, payment timing (full payment required unless deposit permitted), acknowledgement of deposits and consequences if full payment is not made (including forfeiture or re‑allocation). (Reg 4.)\n\n- Requires WATC to give a public statement (instead of a Corporations Act prospectus) describing the terms of any public offer of debt paper — e.g. name/loan number, price or pricing method, interest rate, maturity, amount sought, negotiability and how to apply. (Reg 3(2).)\n\n- Controls how stock may be registered: limits joint registrations to no more than four persons, prohibits registering firms under a trading name (partners must be named), permits companies and certain incorporated bodies to be registered subject to documentary proof, and allows the registrar to require verified signatures or seals. (Reg 9.)\n\n- Limits registration and transfer mechanics: stock is recorded and transferred by approved forms; transfers must be executed and signatures verified; transfers and other dealings are not to be registered within 7 days before an interest payment or maturity (the register is treated as closed during that period). (Regs 20–21.)\n\n- Provides a marking mechanism so an owner can ask the registrar to mark a properly executed transfer as “held against this transfer” for up to 3 months, during which the registrar may refuse other dealings in respect of the marked amount (except to complete the marked transfer). (Reg 23.)\n\n- Sets out transmission procedures when stock passes by death, bankruptcy, insolvency or lawful transmission other than transfer, including documentary requirements (probate, letters of administration or, for small estates or survivors, death certificate plus statutory declaration). There is a $20,000 face‑value threshold for simplified proof on death (reg 28(5)). (Regs 27–29.)\n\n- Prescribes interest payment methods (cheque crossed “Not negotiable” posted to the holder’s address as last notified, or payment into a nominated Australian bank account on application), timing rules around closed registers, and that interest ceases on maturity. (Regs 30–31.)\n\n- Authorises the registrar to issue stock certificates on request, replace defaced or lost certificates subject to undertakings or security, and to give receipts that discharge the Corporation’s payment obligations. (Regs 16, 38–39, 32.)\n\n- Gives the registrar and Corporation powers and discretions to require evidence, verify signatures, audit entries (Auditor General involvement), restrict access to records and impose confidentiality (with a specified penalty for improper divulgence). (Regs 9, 18–19.)\n\n- Allows WATC to pay commissions, brokerage or other fees in relation to raising money under these regulations. (Reg 40.)\n\n\n**Who this affects**\n\n- Primary: investors and applicants who buy or subscribe for WATC debt paper (holders of inscribed stock). They must use approved forms, comply with payment and verification requirements, and accept the registrar’s control of registration and transmission processes. (Regs 2, 4, 9, 20.)\n\n- Secondary: financial intermediaries (brokers or agents) who may receive commissions (reg 40) and firms that act as registrars/agents or run marking facilities (reg 2, reg 7). \n\n- Estates and legal officers (executors, administrators, trustees, Public Trustee) who deal with transmissions on death or incapacity (regs 27–29). \n\n- WATC, the registrar and the Auditor‑General, who administer, verify and audit the ledger and hold decision and evidentiary discretions (regs 8–9, 19). The Treasurer appears as the State guarantor in the broader Act (reg 7 context). \n\n\n**Why it matters (official purpose plus practical trade‑offs)**\n\n- Officially the regulations provide the detailed procedural framework by which WATC issues and administers its debt obligations (reg 3–4, reg 8). The regulations also supply an alternative to a Corporations Act prospectus by requiring an informative public statement for any public offer (reg 3(2)).\n\n- Practical trade‑offs and implementation points to note:\n  - Compliance and administrative burden: investors must use approved forms, supply verified signatures or supporting documents (probate, statutory declarations), and may wait while the registrar exercises discretion (regs 4, 9, 27–29). Those processes reduce risk of mistaken transfers but impose time and documentary costs. \n  - Concentration of administrative power: the registrar (and by extension WATC) has recurring discretions — e.g. to refuse registration within restricted periods, require evidence, mark or cancel transfers, and accept or reject statutory declarations (regs 9, 21, 23, 27–29, 34). That centralises who decides legal title and timing of transfers. \n  - Liquidity and market effects: the instrument permits issues to be non‑negotiable and constrains registrable amounts to multiples of $100 (reg 3(2)(g),(h); reg 17). Those mechanics may limit small‑value trading and secondary market flexibility. \n  - Risk management and double‑payment prevention: replacement of lost certificates may require security or undertakings to indemnify the Corporation (reg 39), and the registrar may demand indemnities before transmitting to public trustees (reg 29(6)). These are protective but can delay outcomes. \n  - Confidentiality and fraud control: entries are audited and access restricted; officers who obtain information are under a confidentiality obligation backed by a monetary penalty (reg 19). That protects personal/financial data but creates enforcement responsibilities. \n  - Costs and who bears them: purchasers pay the subscription/purchase price and risk forfeiture or withholding consequences if payments are not completed (reg 4). WATC can charge commissions/brokerage (reg 40) and may deduct expenses from deposits when reallocating. Administrative costs are borne by WATC but may be recovered from applicants or by withholding/fines where permitted (reg 4(4)(d)).\n\n\n**Who pays, who decides, what behaviour changes**\n\n- Who pays: the investor/purchaser pays the subscription/purchase price; an applicant may forfeit rights or have money applied to expenses if payment terms are breached (reg 4). WATC may pay brokers/agents for procuring funds (reg 40).\n\n- Who decides: the registrar (appointed under the Act) and WATC set forms, approve documents and exercise day‑to‑day registration and verification functions (regs 2, 8–9, 19). The Treasurer’s guarantee role is referenced in relation to stock issued by other authorities (reg 7).\n\n- Behaviour changes required: holders and intermediaries must use approved forms, provide verified documents or statutory declarations when required, accept limitations on transfer timing (closed periods), may use marking to secure transfers, and may be required to nominate bank accounts for payments (regs 4, 20–24, 30). \n\n\n**Implementation risks and compliance issues to watch**\n\n- Dependence on registrar competence and resourcing — many discretions sit with the registrar and accuracy of the stock ledger is central (regs 8–9, 19). \n- Documentary proof routes (probate, statutory declarations, $20,000 simplified threshold) create trade‑offs between speed and risk of incorrect transmission (reg 28(5)). \n- Restrictions on negotiability and minimum registrable units ($100 multiples) affect how easily smaller investors can trade holdings (reg 17).\n\n\n(References are to the numbered regulations cited in the instrument — e.g. reg 3(2), reg 4, reg 8, reg 9, reg 19, reg 20, reg 21, reg 23, reg 28(5), reg 30, reg 39, reg 40.)"},"flash_summary_failed":{"failed":true,"reason":"A positive credit balance is required for all requests, including BYOK, so fallback providers remain available. Add credits at https://vercel.com/d?to=%2F%5Bteam%5D%2F%7E%2Fai%3Fmodal%3Dtop-up to continue.","source":"analysis-cron"},"summary":{"complexity_score":1,"scope_assessment":{"changed":false,"description":"Scope cannot be assessed as no legislative text was available. The submission contained only a broken-page error message from the Western Australian legislation website."},"complexity_factors":["No legislative content was provided — only a website error message was available for analysis","Impossible to assess true complexity of the underlying regulations without access to their text"],"plain_english_summary":"**No legislation content is available for analysis.**\n\nThe page that was supposed to contain the *Western Australian Treasury Corporation (Debt Paper) Regulations 1986* is no longer accessible on the Western Australian legislation website. The content has not loaded — only a broken-link error message and an Acknowledgement of Country statement are present.\n\n**What this means for you:** No meaningful legal analysis can be provided because the actual text of the regulations was not retrieved. If you need this legislation, try:\n- Navigating directly to the [Western Australian Legislation website](https://www.legislation.wa.gov.au) and searching for the title\n- Contacting the Parliamentary Counsel's Office Helpdesk as suggested on the error page\n- Checking databases such as AustLII"},"kimi_summary":{"content_quality":"ok","complexity_score":5,"scope_assessment":{"changed":false,"description":"The legislation appears to remain within its original scope of administering debt paper issuance and registration for the Western Australian Treasury Corporation. While there have been amendments (particularly in 1998 removing several regulations and updates in 2001/2003 regarding Corporations Act references), these appear to be modernisations and streamlinings rather than scope creep. The core purpose — regulating the mechanics of government bond issuance, registration, transfer, and redemption — remains consistent throughout."},"complexity_factors":["Moderate length (40 regulations, though several deleted)","11 defined terms in the interpretation section","Multiple cross-references between Parts (e.g., transfer rules referencing registration rules)","Nested conditional logic in several regulations (e.g., regulation 4(2)-(5) sets out complex forfeiture and reallocation procedures for unpaid subscriptions)","Specific procedural requirements with time limits (e.g., 7 days before interest payments, 3-month marking periods, 14-day notices)","Exceptions for minors (regulation 11) with age thresholds (14 years) and court order requirements","Dual pathways for transmission on death (probate vs. statutory declaration for small estates under $20,000)","Interaction with Commonwealth Corporations Act (regulation 3(2)) creating overlay of federal requirements","Deleted provisions (5, 14, 22, 25, 26, 35-37, 41) indicating evolutionary complexity and potential confusion for readers","Specific monetary thresholds ($100 minimum denominations, $20,000 threshold for simplified death transmissions)"],"plain_english_summary":"**What this legislation does:**\n\nThese regulations set out the practical rules for how the Western Australian Treasury Corporation (WATC) issues, registers, transfers, and manages government debt paper (essentially IOUs or bonds issued by the WA Government to borrow money from investors).\n\n**Key things covered:**\n\n*   **Issuing debt paper to the public:** How the Corporation offers bonds to investors, what information must be disclosed (similar to a prospectus but called a \"statement\"), and how people apply to buy them.\n*   **Registration:** How ownership is recorded in official \"stock ledgers\" (electronic or physical registers). Only people whose names are on this register are recognised as the legal owners.\n*   **Transfers and sales:** How investors can sell or transfer their bonds to others, including rules about marking transfers (holding them aside for up to 3 months) and restrictions around interest payment dates.\n*   **Death and inheritance:** What happens when a bondholder dies — how executors or surviving joint owners can have the bonds transferred to their names.\n*   **Interest payments:** How and when investors receive interest payments (usually by cheque or bank transfer), and who can collect payments on behalf of others (such as parents for minors).\n*   **Lost or damaged certificates:** Procedures for replacing lost, destroyed, or defaced stock certificates.\n*   **Powers of attorney:** How investors can appoint others to act on their behalf regarding their bond holdings.\n\n**Who it affects:**\n\n*   **Investors:** Anyone buying WA Government bonds (including individuals, companies, superannuation funds, and financial institutions).\n*   **The Western Australian Treasury Corporation:** The government body that borrows money on behalf of WA.\n*   **Registrars:** Officials appointed to maintain the official records of who owns what bonds.\n\n**Why it matters:**\n\nThese regulations ensure that when the WA Government borrows money from the public, the process is transparent, secure, and legally certain. They protect both the government and investors by creating clear rules about ownership, transfers, and payments — essentially the \"back office\" mechanics that make government bond markets work safely."}},"importantCases":[],"_links":{"self":"/api/acts/western-australian-treasury-corporation-debt-paper-regulations-1986","history":"/api/acts/western-australian-treasury-corporation-debt-paper-regulations-1986/history","analysis":"/api/acts/western-australian-treasury-corporation-debt-paper-regulations-1986/analysis","conflicts":"/api/acts/western-australian-treasury-corporation-debt-paper-regulations-1986/conflicts","importantCases":"/api/acts/western-australian-treasury-corporation-debt-paper-regulations-1986/important-cases","documents":"/api/acts/western-australian-treasury-corporation-debt-paper-regulations-1986/documents"}}