{"id":"F2006B00108","name":"Banking (Foreign Exchange) Regulations 1959 - Exemption (Part III) (12/12/1983)","slug":"banking-foreign-exchange-regulations-1959-exemption-part-iii-12-12-1983","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":40529,"registerId":"commonwealth-F2006B00108-current","compilationNumber":null,"startDate":"2026-04-01","status":"Repealed","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"Banking (Foreign Exchange) Regulations 1959 - Exemption (Part III) (12/12/1983)","content":"---\nmeta-content-style-type: text/css\nmeta-content-type: application/xhtml+xml; charset=utf-8\nmeta-generator: Aspose.Words for .NET 20.2\ntitle: D10050\n---\n\n?xml version=\"1.0\" encoding=\"utf-8\" standalone=\"no\"?>\n\n \n\n \n\nBANKING (FOREIGN EXCHANGE) REGULATIONS\n\nEXEMPTIONS\n\n \n\nReserve Bank of Australia in pursuance of Regulation 38 of the Banking (Foreign Exchange) Regulations hereby –\n\n \n\n(1)         Revokes the exemption dated 20 December 1978 relating to goods exported from Australia otherwise affected by Regulations 16, 17 and 19 of those Regulations.   \n\n(2)         Exempts from the application of Part III of those Regulations goods exported from Australia.\n\n \n\n \n\n \n\nReserve Bank of Australia in pursuance of Regulation 16 also hereby revokes the approval dated 24 December 1979 in respect of goods exported from Australia, notified in the Gazette on 2 January 1980.\n\n \n\n \n\n \n\n \n\n \n\nDated at Sydney this twelfth day of December 1983.\n\n \n\n \n\n \n\n For and on behalf of the Reserve Bank of Australia.\n\n \n\n  R. A. JOHNSTON\n\nGovernor\n","sortOrder":0}],"analysis":{"kimi_summary":{"_metrics":{"model":"kimi-k2.5","source":"moonshot-batch","completionTokens":1358},"content_quality":"ok","complexity_score":1,"rejection_reason":"","scope_assessment":{"changed":false,"description":"The instrument exercises the specific exemption power conferred by Regulation 38 of the principal regulations. It narrows the application of Part III to exclude exported goods but does not expand the overall scope or purpose of the Banking (Foreign Exchange) Regulations 1959."},"complexity_factors":["Instrument contains only three operative paragraphs","No defined terms or interpretation section","Limited cross-references (only cites Regulations 16, 17, 19, 38 and Part III)","Straightforward revocation and exemption structure with no conditional logic"],"plain_english_summary":"Removes foreign-exchange controls on goods exported from Australia, exempting exports from Part III of the Banking (Foreign Exchange) Regulations 1959 and revoking related 1978–79 approvals. It frees Australian exporters to handle overseas sale proceeds without prior Reserve Bank approval or mandatory repatriation, a key step in dismantling exchange controls when the Australian dollar was floated in December 1983."}},"importantCases":[],"_links":{"self":"/api/acts/banking-foreign-exchange-regulations-1959-exemption-part-iii-12-12-1983","history":"/api/acts/banking-foreign-exchange-regulations-1959-exemption-part-iii-12-12-1983/history","analysis":"/api/acts/banking-foreign-exchange-regulations-1959-exemption-part-iii-12-12-1983/analysis","conflicts":"/api/acts/banking-foreign-exchange-regulations-1959-exemption-part-iii-12-12-1983/conflicts","importantCases":"/api/acts/banking-foreign-exchange-regulations-1959-exemption-part-iii-12-12-1983/important-cases","documents":"/api/acts/banking-foreign-exchange-regulations-1959-exemption-part-iii-12-12-1983/documents"}}