{"id":"australasia-railway-corporation-investment-regulations-2001","name":"AUSTRALASIA RAILWAY CORPORATION (INVESTMENT) REGULATIONS 2001","slug":"australasia-railway-corporation-investment-regulations-2001","collection":"regulation","jurisdiction":"nt","status":"in_force","isInForce":true,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":174281,"registerId":"nt-australasia-railway-corporation-investment-regulations-2001-current","compilationNumber":null,"startDate":"2026-04-05","status":"InForce","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"AUSTRALASIA RAILWAY CORPORATION (INVESTMENT) REGULATIONS 2001","content":"NORTHERN TERRITORY OF AUSTRALIA\nAUSTRALASIA RAILWAY CORPORATION (INVESTMENT)\nREGULATIONS 2000\nAs in force at 30 October 2002\nTable of provisions\n1 Citation ............................................................................................ 1\n2 Investment of project money............................................................ 1\nENDNOTES\n\n\n\nNORTHERN TERRITORY OF AUSTRALIA\n____________________\nAs in force at 30 October 2002\n____________________\nAUSTRALASIA RAILWAY CORPORATION (INVESTMENT)\nREGULATIONS 2000\nRegulations under the AustralAsia Railway Corporation Act 1996\n1 Citation\nThese Regulations may be cited as the AustralAsia Railway\nCorporation (Investment) Regulations 2000.\n2 Investment of project money\n(1) Money received by the Corporation for the purposes of the Project\nfrom the Commonwealth, the Territory or South Australia (project\nmoney) may be invested by the Corporation in accordance with this\nregulation until such time as the money is required to be paid to the\nsuccessful consortium or re-paid to the Commonwealth, the\nTerritory or South Australia.\n(2) The Corporation:\n(a) may determine whether any, and if so what, amount of project\nmoney standing at credit in an ADI account of the Corporation\nis available for investment; and\n(b) may invest that amount in the investments, and for the\nperiods, determined by the Corporation.\n(3) The Corporation may only invest project money:\n(a) in securities of or guaranteed by the Government of the\nTerritory, the Commonwealth or a State or another Territory of\nthe Commonwealth;\n(b) in deposits, debentures, promissory notes or other securities\nof a statutory body the obligations of which are guaranteed by\nthe Government of the Territory, the Commonwealth or a\nState or another Territory of the Commonwealth; or\n\nAustralAsia Railway Corporation (Investment) Regulations 2000 2\n(c) in deposits, debentures, promissory notes or other securities\nof a body corporate or an ADI that maintains minimum\nStandard & Poors credit ratings within the ranges of:\n(i) long term (greater than 1 year) – AAA to A-; and\n(ii) short term (up to 1 year) – A-1+ to A-1.\n(4) The Corporation:\n(a) may deduct from money it receives as a result of an\ninvestment made under this regulation the costs and\nexpenses it incurred in making the investment; and\n(b) must:\n(i) reinvest the balance of the money received; or\n(ii) pay the balance of the money received into the ADI\naccount from which the project money the subject of the\ninvestment was drawn.\n\nENDNOTES\nAustralAsia Railway Corporation (Investment) Regulations 2000 3\nENDNOTES\n1 KEY\nKey to abbreviations\namd = amended od = order\napp = appendix om = omitted\nbl = by-law pt = Part\nch = Chapter r = regulation/rule\ncl = clause rem = remainder\ndiv = Division renum = renumbered\nexp = expires/expired rep = repealed\nf = forms s = section\nGaz = Gazette sch = Schedule\nhdg = heading sdiv = Subdivision\nins = inserted SL = Subordinate Legislation\nlt = long title sub = substituted\nnc = not commenced\n2 LIST OF LEGISLATION\nAustralAsia Railway Corporation (Investment) Regulations (SL No. 62, 2000)\nNotified 10 January 2001\nCommenced 10 January 2001\nStatute Law Revision (Financial Provisions) Act 2002 (Act No. 38, 2002)\nAssent date 13 September 2002\nCommenced 30 October 2002 (Gaz G43, 3 October 2002, p 3)\n3 GENERAL AMENDMENTS\nGeneral amendments of a formal nature (which are not referred to in the table\nof amendments to this reprint) are made by the Interpretation Legislation\nAmendment Act 2018 (Act No. 22, 2018) to: r 1.\n4 LIST OF AMENDMENTS\nr 2 amd Act No. 38, 2002, s 7","sortOrder":0}],"analysis":{"flash_summary_failed":{"failed":true,"reason":"Unauthenticated. Configure AI_GATEWAY_API_KEY or use a provider module. Learn more: https://ai-sdk.dev/unauthenticated-ai-gateway","source":"analysis-cron"},"flash_summary":{"complexity_score":2,"scope_assessment":{"changed":true,"description":"Regulation 2 was amended by the Statute Law Revision (Financial Provisions) Act 2002 (Act No. 38, 2002), s 7 (see endnotes). The amendment indicates the regulation’s investment permissions and discretions were altered from the original text; the reprint shows the current scope and operational rules for investing project money."},"complexity_factors":["Very narrow subject matter: single operation (investment of project money) rather than broad regulatory scheme.","Clear allocation of decision‑making to the Corporation (r 2(2)): discretion to determine investable amounts and investment periods increases operational latitude but not legal complexity.","Closed list of permitted instruments (r 2(3)(a)–(c)) limits market options and simplifies compliance.","Credit‑rating thresholds for corporate/ADI counterparties (r 2(3)(c)(i)–(ii)) introduce a technical requirement that affects available counterparties and monitoring.","Multiple sources of project money (Commonwealth, Territory, South Australia) (r 2(1)) creates multi‑party funding provenance to be tracked.","Authorised deduction of investment costs and required treatment of proceeds (r 2(4)(a)–(b)) creates a modest accounting/compliance burden.","Statutory amendment history noted (r 2 amended by Act No. 38, 2002, s 7) requires attention to versioning for implementation."],"plain_english_summary":"These regulations allow the AustralAsia Railway Corporation to invest project money provided by the Commonwealth, the Northern Territory or South Australia until those funds are needed for the project or must be repaid. The Corporation decides how much of its ADI account balance is available and selects permitted investments (government/guaranteed securities or high‑rated corporates/ADIs), may deduct its investment costs, and must reinvest or return any remaining proceeds. The rules change the Corporation’s cash‑management choices and impose credit‑rating and recordkeeping constraints."},"issue_detection":{"absurdities":[],"contradictions":[]},"kimi_summary":{"content_quality":"ok","complexity_score":2,"scope_assessment":{"changed":false,"description":"The regulations remain tightly focused on their original purpose: governing the investment of project funds pending disbursement. The 2002 amendment (Statute Law Revision (Financial Provisions) Act) was a minor technical update to regulation 2, likely updating terminology or references, without expanding the scope beyond investment management of AustralAsia Railway Corporation funds."},"complexity_factors":["Only 2 substantive regulations (r 1 is citation, r 2 contains all operative provisions)","Single defined term: 'project money' (defined in situ at r 2(1))","No cross-references to other legislation except the enabling Act mentioned in the header","Simple conditional structure: permissive ('may') and mandatory ('must') powers clearly delineated","Limited exception structure — only one set of investment restrictions in r 2(3) with three alternative categories (a), (b), (c)","Straightforward procedural requirements in r 2(4) regarding handling of investment returns","Total length: approximately 1.5 pages of substantive content"],"plain_english_summary":"**What this legislation does:**\n\nThese regulations set the rules for how the **AustralAsia Railway Corporation** can invest money it receives for building the Darwin to Adelaide railway (called \"the Project\"). \n\n**Who it affects:**\n- The **AustralAsia Railway Corporation** itself — it must follow these investment rules\n- **Governments** — the Commonwealth, Northern Territory, and South Australia (who provide the money)\n- **The successful consortium** — the private builders who eventually receive the invested funds\n\n**The key rules:**\n\n- **Project money** (funds from the three governments) can be invested temporarily while waiting to be paid out to the railway builders or returned to government\n- The Corporation decides **how much** to invest and **for how long**\n- **Where they can invest** — only in safe, conservative options:\n  - Government bonds or guaranteed securities (Territory, Commonwealth, or State)\n  - Deposits with government-backed statutory bodies\n  - Deposits with banks or companies that have high credit ratings (AAA to A- for long-term, A-1+ to A-1 for short-term)\n- **What happens to returns:** The Corporation can deduct its costs, then must either reinvest the profit or put it back in the original bank account\n\n**Why it matters:**\n\nThis ensures taxpayer money for the railway isn't sitting idle — it can earn interest safely — but also protects it from risky investments. The credit rating requirements mean the money can only go to financially stable institutions, reducing the chance of losses before the funds are needed for construction."},"summary":{"complexity_score":3,"scope_assessment":{"changed":false,"description":"Based on the limited information available, the regulations appear to remain focused on their original stated purpose — governing investment activity by the Australasia Railway Corporation. There is no evidence in the provided text of scope expansion beyond investment matters."},"complexity_factors":["Very limited legislative text was provided, making full analysis impossible","Investment regulations for government corporations can involve technical financial concepts (e.g. approved deposit-taking institutions, financial instruments)","Interaction with parent legislation (Australasia Railway Corporation Act) may add layers of complexity not visible here","The regulations appear narrow and specific in scope, keeping complexity relatively low","Standard subordinate legislation (regulations made under an Act) format, which is a familiar and relatively straightforward legal instrument"],"plain_english_summary":"The Regulations set the framework for how the government‑owned Australasia Railway Corporation may invest its funds, specifying permitted investment types, limits and conditions to ensure public money is managed prudently. They primarily affect the Corporation (its board and management) and, indirectly, taxpayers and the public by guarding against risky or inappropriate use of state assets."}},"importantCases":[],"_links":{"self":"/api/acts/australasia-railway-corporation-investment-regulations-2001","history":"/api/acts/australasia-railway-corporation-investment-regulations-2001/history","analysis":"/api/acts/australasia-railway-corporation-investment-regulations-2001/analysis","conflicts":"/api/acts/australasia-railway-corporation-investment-regulations-2001/conflicts","importantCases":"/api/acts/australasia-railway-corporation-investment-regulations-2001/important-cases","documents":"/api/acts/australasia-railway-corporation-investment-regulations-2001/documents"}}