Commonwealth Inscribed Stock Regulations
30Section 27 of the Act not to apply in relation to certain transactions
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30 Section 27 of the Act not to apply in relation to certain transactions
Section 27 of the Act does not apply in relation to the following transactions:
(a) a transaction relating to stock that has been issued on terms and conditions that do not include a term or condition that the owner of the stock is entitled to payment of interest at a specified rate or rates;
(b) a transaction relating to the redemption of stock that has been issued on terms and conditions including a term or condition that the stock is redeemable at the option of the owner.