8Treasurer’s directions—the Act, s 3.1(1)(c)

8 Treasurer’s directions—the Act, s 3.1(1)(c)

8 Treasurer’s directions—the Act, s 3.1(1)(c)

(1) The Treasurer’s directions may make provision about the following—

(a) the establishment and operation of securities and securities registries by GSF agencies in respect of GSF agency issued securities, including the inspection of the registries,

(b) the surrender, transfer, exchange and transmission of securities by GSF agencies in respect of GSF agency issued securities,

(c) the purchase of GSF agency issued securities,

(d) the making of payments, including interest payments, by GSF agencies in respect of GSF agency issued securities,

(e) the form of GSF agency issued securities,

(f) the making of payments by a GSF agency to the suppliers of goods and services to the GSF agency, including—

(i) the period within which payments must be made to suppliers, and

(ii) if payment is not made within the required period, the payment of penalty interest to suppliers.

(2) In this section—

GSF agency issued security means a security issued by a GSF agency.

security includes an inscribed stock, debenture, promissory note or bank bill of exchange.