14Establishment of registries and appointment of Registrars

14 Establishment of registries and appointment of Registrars

(1) The Treasurer may: (a) establish Registries for the inscription of stock within the Commonwealth; (c) appoint such Registrars of Stock and Deputy Registrars of Stock as he or she thinks necessary. (2) Any person may be appointed as a Registrar. (3) To avoid doubt, a person that is: (a) the operator of a clearing and settlement facility; or (b) an incorporated company or other body corporate; may be appointed as a Registrar. (4) A person who holds office as a Registrar must, in the performance of the functions, or the exercise of the powers, of the holder of the office, comply with any relevant requirements: (a) contained in the instrument appointing the person to the office; or (b) contained in any contract or arrangement made, or in any deed of trust or other instrument executed, in connection with the appointment; or (c) made by the regulations.