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Brief
Here is a brief overview of the Loans Securities Act 1919 in 150-200 words:
The Loans Securities Act 1919 is an Australian Act that authorizes the issue of securities in relation to loans and for other purposes in connexion therewith. The Act may be cited as the Loans Securities Act 1919. It includes provisions for payment of principal and interest, establishment of Registries and appointment of Registrars, powers of the Treasurer in relation to borrowings outside Australia, power of the Treasurer to enter into swaps or other financial arrangements, jurisdiction of foreign courts, delegation under sections 3, 5A, 5B and 5C, and provisions for payment of judgments in the United Kingdom. The Act also includes regulations and exemptions from taxation. The legislation history and amendment history are provided in endnotes.
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