Commonwealth legislation

Public Trustee Enabling Regulations

RepealedCTH

This Act has been repealed and is no longer in force. It is retained for historical reference.

Jurisdiction

Commonwealth

Act Number

10 of 1921

Collection

legislative instrument

Plain English Summary

1/10 complexity

This regulation gives the Public Trustee special financial powers to manage funds seized from German, Austrian and Bulgarian subjects under WWI and peace-treaty arrangements. With ministerial authorization, the Trustee can advance, invest and borrow against those vested funds. It affects claimants to those enemy-era assets and anyone dealing with the Trustee over their administration and distribution.

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Current sections

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Public Trustee Enabling Regulations

STATUTORY RULES

1921. No 10.

REGULATIONS UNDER THE TRADING WITH THE ENEMY ACT 1914-1916, THE TREATY OF PEACE (GERMANY) ACT 1919-1920 AND THE TREATIES OF PEACE (AUSTRIA AND BULGARIA) ACT 1920.

I, THE GOVERNOR-GENERAL in and over the Commonwealth of Australia, acting with the advice of the Federal Executive Council, hereby make the following Regulations under the Trading with the Enemy Act 1914-1916, the Treaty of Peace (Germany) Act 1919-1920 and the Treaties of Peace (Austria and Bulgaria) Act 1920, to come into operation forthwith.

Dated this twelfth day of January, 1921.

FORSTER,

Governor-General.

By His Excellency’s Command,

W. MASSY GREENE,

Minister of State for Trade and Customs.

_________

Public Trustee Enabling Regulations.

Short title.

These Regulations may be cited as the Public Trustee Enabling Regulations.

Definition.

In these Regulations, unless the contrary intention appears—

“The Minister” means the Minister of State for Trade and Customs.

Powers of Public Trustee.

The Public Trustee may, when so authorized in writing by the Minister—

(a) advance to any person out of moneys vested in him in pursuance of the Trading with the Enemy Act 1914-1916, the Treaty of Peace (Germany) Act 1919-1920 or the Treaties of Peace (Austria and Bulgaria) Act 1920, such sums on such terms and conditions, and for such purposes as the Minister directs;

(b) make such investments of moneys so vested in him as the Minister directs; and

Printed and Published for the Government of the Commonwealth of Australia by Albert J. Mullett, Government Printer for the State of Victoria.

Source text

Sourced from the Federal Register of Legislation (legislation.gov.au), CC BY 4.0.

1 Public Trustee Enabling Regulations