Commonwealth Inscribed Stock Act 1911
13AAPayment of principal and interest on stock and related amounts connected with depository interests
Start here
Get a plain-English read of 13AA
Turn the raw legal text into a practical explanation grounded in Commonwealth Inscribed Stock Act 1911.
13AA Payment of principal and interest on stock and related amounts connected with depository interests
The Consolidated Revenue Fund is appropriated to the extent necessary for the payment of: (a) principal secured by stock; and (b) interest on that principal; and (c) amounts that are to be paid by the Commonwealth to depository nominees or depository interest registry operators for payment by or on behalf of the depository nominees to holders of depository interests, on account of either or both of: (i) principal secured by stock in which the depository interests are beneficial interests; and (ii) interest on that principal.