46Persons eligible to purchase property

46 Persons eligible to purchase property

Subject to subsection (1D) of regulation 36 and to regulations 36AA and 36AB of these Regulations the Custodian shall not unless by direction of the Governor-General, sell any property to any purchaser other than to:

(a) a person who is an Australian soldier, or who is a natural-born British subject;

(b) a company in which at least two-thirds of the shares issued by the company are held by persons who are natural-born British subjects and of which the Articles of Association contain a provision prohibiting the sale or transfer of shares in the company to persons who are not natural-born British subjects;

(c) a company registered in any part of His Majesty’s Dominions, in which at least two-thirds of the shares issued by the company are held by persons who are natural-born British subjects and which is approved by the Attorney-General.