Victorian Numbered Regulations

BORROWING AND INVESTMENT POWERS (STOCK, BONDS AND DEBENTURES) REGULATIONS 2017 (SR NO 95 OF 2017) - REG 33

    (1)     Interest on bearer instruments issued with interest coupons attached is only payable to—

        (a)     the bearer of the coupons representing that interest; and

        (b)     upon the surrender of the coupons at the place where interest is payable.

    (2)     Interest on bearer instruments without interest coupons attached is payable to the bearer of the bearer instruments upon presentation of the bearer instruments at the place where principal is payable.

    (3)     Principal on bearer instruments is only payable upon surrender of the bearer instruments at the place where principal is payable.