Commonwealth Consolidated Acts

TREASURY BILLS ACT 1914 - SECT 4

    Each Treasury Bill shall:

  (a)   be numbered consecutively, beginning with the number one and progressing arithmetically by units;

  (b)   be signed by the Treasurer or some other person in that behalf appointed by the Governor - General;

  (c)   be registered in the office of the Auditor - General;

  (d)   bear date as the Governor - General directs;

  (e)   bear interest payable at such intervals as are prescribed at a rate not exceeding five per centum per annum in respect of the principal money secured hereby; and

  (f)   be redeemable at par on a date fixed by the Governor - General before the issue of the Treasury Bill reserving to the Treasurer the right after a date fixed by the Governor - General before the issue of the Treasury Bill to redeem the Treasury Bill at par upon such notice given in such time and manner as are prescribed.