{"id":"nsw:sl-1990-0836","name":"Australian Mutual Provident Society Regulation 1990","slug":"australian-mutual-provident-society-regulation-1990","collection":"regulation","jurisdiction":"nsw","status":"in_force","isInForce":true,"actNumber":"836 of 1990","makingDate":null,"administeringDepartment":null,"currentVersion":{"id":180761,"registerId":"nsw-nsw:sl-1990-0836-current","compilationNumber":null,"startDate":"2026-04-05","status":"InForce","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"Name of Regulation","content":"#### 1 Name of Regulation\n\n1 Name of Regulation\n\n> This Regulation may be cited as the [Australian Mutual Provident Society Regulation 1990](/view/html/inforce/current/sl-1990-0836).","sortOrder":0},{"sectionNumber":"2","sectionType":"section","heading":"Definitions","content":"#### 2 Definitions\n\n2 Definitions\n\n> In this Regulation:\n> \n> Code and Code regulations have the same meanings as in the Act.\n> \n> the Act means the [Australian Mutual Provident Society Act 1988](/view/html/inforce/current/act-1988-047).","sortOrder":1},{"sectionNumber":"3","sectionType":"section","heading":"References to the Code—relevant time","content":"#### 3 References to the Code—relevant time\n\n3 References to the Code—relevant time\n\n> In the Act, a reference to the Code or the Code regulations is a reference to that Code or those regulations as in force immediately before the commencement of the [Corporations Law](/view/html/inforce/current/sl-1999-0703) of New South Wales.","sortOrder":2}],"analysis":{"kimi_summary":{"content_quality":"ok","complexity_score":2,"scope_assessment":{"changed":false,"description":"This regulation has remained tightly focused on its original purpose: fixing the temporal reference for interpreting the Code in the AMP Society Act. It has not expanded beyond this narrow interpretive function."},"complexity_factors":["Only 3 operative sections","2 defined terms (both are simple references to the parent Act)","No conditional logic or exceptions","Single cross-reference to external legislation (Corporations Law commencement date)","Extremely narrow, technical purpose with no substantive operational provisions"],"plain_english_summary":"This is a short, technical regulation that deals with how to interpret references to the 'Code' (the Life Insurance Act 1945) in the Australian Mutual Provident Society Act 1988.\n\n**What it does:**\n- **Freezes time**: When the AMP Society Act mentions the 'Code' or 'Code regulations', it means those laws **as they existed immediately before the Corporations Law of NSW started** (which was 1991).\n- **Why this matters**: The AMP Society was a huge life insurance company that converted from a mutual society to a company in 1998. This regulation ensures that when reading the AMP Society Act, any references to insurance law don't get updated to newer versions—they stay locked to the pre-1991 rules.\n\n**Who it affects:**\n- Primarily lawyers and regulators dealing with historical AMP Society matters\n- Anyone interpreting the AMP Society Act 1988 (now largely historical)\n\n**Why it exists:**\nWhen Australia reformed corporate law in the early 1990s (introducing the Corporations Law), this regulation made sure the AMP Society's governing legislation didn't accidentally start pointing to new, different rules. It preserves the legal context that existed when the AMP Society Act was written."},"issue_detection":{"absurdities":[],"contradictions":[]},"flash_summary":{"complexity_score":2,"scope_assessment":{"changed":false,"description":"The regulation does not expand or narrow substantive regulatory obligations in the Act. It provides a short title (s 1), records definitions by reference to the Act (s 2) and fixes the temporal meaning of references to the Code to the version in force immediately before the commencement of the NSW Corporations Law (s 3). These are clarifications of reference and timing rather than changes to the scope of who or what the Act regulates."},"complexity_factors":["Very short instrument with three clauses (title, definitions, temporal reference).","Relies on cross‑references to external instruments (the Act and the Corporations Law of New South Wales), requiring users to consult those sources to see substantive meanings.","Legal effect is primarily temporal (fixing which historical version of the Code applies), which is conceptually simple but can create factual complexity in identifying the exact pre‑commencement text.","No substantive regulatory prescriptions or procedural detail that would add layered compliance requirements."],"plain_english_summary":"What this regulation does (mechanically)\n\n- Section 1 gives the regulation its short title: the Australian Mutual Provident Society Regulation 1990 (s 1).\n- Section 2 defines key terms used in the regulation: “Code” and “Code regulations” are given the same meanings they have in the Australian Mutual Provident Society Act 1988 (the Act); the Act is identified by name (s 2).\n- Section 3 fixes the temporal meaning of any reference in the Act to the “Code” or the “Code regulations”: such references are to the version that was in force immediately before the commencement of the Corporations Law of New South Wales (s 3).\n\nWho is affected and who decides\n\n- The primary affected parties are entities and persons governed by the Australian Mutual Provident Society Act 1988 and anyone who needs to interpret references in that Act to the Code or Code regulations (s 2, s 3). That includes the Australian Mutual Provident Society itself and regulated counterparties, advisers and regulators who apply the Act.\n- The regulation does not create new administrative powers; it delegates interpretation to those applying the Act by specifying which textual version of the Code applies (s 2–3). Courts, regulators and regulated parties will implement that temporal rule when reading references to the Code.\n\nWhy this matters (effects, incentives, compliance burden and risks)\n\n- Certainty about the applicable law: by tying references to the Code to the version in force immediately before the commencement of the NSW Corporations Law, the regulation removes ambiguity about which historical text of the Code applies to the Act (s 3). This lowers transaction and compliance costs for parties who must identify the governing text.\n- Who bears costs: there is no new fee or substantive regulatory requirement imposed by this instrument itself. Costs are limited to any administrative effort by regulated parties and advisers to identify and use the specified version of the Code (s 2–3).\n- Behavioural effect: regulated parties and decision‑makers will use the fixed, pre‑Corporations Law version of the Code when the Act refers to the Code (s 3). This preserves reliance on a single historical text rather than requiring continual tracking of later amendments.\n- Discretion and implementation risk: the regulation narrows discretion by prescribing a specific temporal cut‑off for which Code applies (s 3). A practical implementation risk is correctly identifying the precise version of the Code that was in force immediately before the stated commencement event; resolving any ambiguity about that version may fall to courts or administrative agencies.\n- Trade‑offs and opportunity cost: the regulation trades flexibility to adopt later amendments to the Code for legal certainty about which past text controls references in the Act. That trade‑off affects parties who might prefer that references automatically track later versions of the Code.\n\nSource references: s 1 (title), s 2 (definitions), s 3 (temporal reference to Code)."},"summary":{"complexity_score":2,"scope_assessment":{"changed":false,"description":"No amendments have ever been made to this regulation since it was first enacted on 24 December 1990. Its scope appears to have remained identical to its original intent, though practical relevance has diminished significantly following AMP's demutualisation in 1998."},"complexity_factors":["Insufficient content provided to assess substantive legal complexity — only metadata and navigation elements were captured","Single-version regulation with no amendments, suggesting limited complexity in its structure","Narrow subject matter targeting a single named organisation (AMP Society)","Historical context of AMP's demutualisation adds minor interpretive complexity regarding ongoing legal relevance"],"plain_english_summary":"## Australian Mutual Provident Society Regulation 1990\n\nThis is a **NSW regulation** (a rule made under a broader law) specifically relating to the **Australian Mutual Provident (AMP) Society** — once one of Australia's largest life insurance and financial services organisations.\n\n**What does it do?**\nUnfortunately, the actual content of this regulation was not included in the provided text — only the website navigation and metadata were captured. What we can determine is:\n\n- It was made on **24 December 1990** and has remained unchanged since.\n- It has never been amended — there is only one version in existence.\n- It is classified as **still in force** (technically current as of the access date), which is unusual given AMP demutualised (converted from a member-owned organisation to a publicly listed company) in **1998**.\n- It was likely created to govern specific administrative or operational matters relating to AMP Society under NSW law at the time.\n\n**Who does it affect?**\nGiven AMP's demutualisation over 25 years ago, this regulation likely has **little to no practical effect** on anyone today. It may have historical significance for legal or archival purposes only.\n\n**Bottom line:** This appears to be a **regulatory relic** — a narrow, organisation-specific rule from 1990 that has never been updated and is almost certainly obsolete in practical terms."}},"importantCases":[],"_links":{"self":"/api/acts/australian-mutual-provident-society-regulation-1990","history":"/api/acts/australian-mutual-provident-society-regulation-1990/history","analysis":"/api/acts/australian-mutual-provident-society-regulation-1990/analysis","conflicts":"/api/acts/australian-mutual-provident-society-regulation-1990/conflicts","importantCases":"/api/acts/australian-mutual-provident-society-regulation-1990/important-cases","documents":"/api/acts/australian-mutual-provident-society-regulation-1990/documents"}}