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Currency Act - National Coinage Committee Regulations

LAWS OF TUVALU
2008 Revised Edition

NATIONAL COINAGE COMMITTEE REGULATIONS

CAP. 38.05.2

MADE UNDER SECTION 12 OF THE CURRENCY ACT¹

Commencement [28th March 1981]

1 Citation

These Regulations may be cited as the National Coinage Committee Regulations.

2 Interpretation

In these Regulations — " the Act" means the Currency Act; " the Commissioner" means the Commissioner of Currency referred to in section 6(1) of the Act;

"national coin" means any coin provided, issued or reissued by the Commissioner under the provisions of the Act;

"the Committee" means the committee established under regulation 3 of these Regulations.

3 The Committee

(1) There is hereby established a committee, to be known as the National Coinage Committee, for the purpose of advising the Commissioner on the exercise of his powers and the performance of his duties under the Act and with particular reference to the commissioners powers under section 7 of the Act.

(2) The Committee shall consist of not more than 6 members and the quorum thereof shall be 4.

(3) The Chairman, Deputy Chairman, and other Members of the Committee shall be appointed by the Minister by notice.

(4) The Committee shall regulate its own procedure and may invite persons to attend but not to vote at any of its meetings.

Commissioner to report

Without limiting the power of the Commissioner to exercise his powers and perform his functions under the Act in his own deliberate judgement all matters pertaining to the exercise of those powers and the performance of those duties shall be brought before the Committee for their consideration at the earliest available opportunity.

ENDNOTES
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¹ LN 10/1981