{"id":"F2006B00612","name":"Banking (Foreign Exchange) Regulations 1959 - Exemption (regulation 7) (12/12/1983)","slug":"banking-foreign-exchange-regulations-1959-exemption-regulation-7-12-12-1983","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":40737,"registerId":"commonwealth-F2006B00612-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Repealed","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"Banking (Foreign Exchange) Regulations 1959 -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 (regulation 7) (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: BANKING (FOREIGN EXCHANGE) REGULATIONS\n---\n\n?xml version=\"1.0\" encoding=\"utf-8\" standalone=\"no\"?>\n\nBANKING (FOREIGN EXCHANGE) REGULATIONS  EXEMPTION\n\n \n\nReserve Bank of Australia in pursuance of Regulation 38 of the Banking (Foreign Exchange) Regulations hereby exempts from the application of Regulation 7 of those Regulations any person taking or sending money out of Australia by means of a money order issued in Australia and payable out of Australia.\n\n \n\n \n\nDated at Sydney this twelfth day of December 1983.\n\n For and on behalf of the Reserve Bank of Australia.\n\n \n\n   R. A. JOHNSTON   Governor\n","sortOrder":0}],"analysis":{"kimi_summary":{"_metrics":{"model":"kimi-k2.5","source":"moonshot-batch","completionTokens":1817},"content_quality":"ok","complexity_score":1,"scope_assessment":{"changed":true,"description":"This exemption narrows the scope of Regulation 7 of the Banking (Foreign Exchange) Regulations by carving out a specific exception for money orders issued in Australia but payable overseas, removing this payment method from foreign exchange controls that would otherwise apply to taking or sending money out of Australia."},"complexity_factors":["Single operative provision (one sentence of substance)","No defined terms requiring interpretation","No conditional logic, exceptions, or cross-references beyond the enabling regulation","Extremely short length"],"plain_english_summary":"This is a 1983 exemption from Australia's foreign exchange controls.\n\nUnder the **Banking (Foreign Exchange) Regulations**, Regulation 7 normally restricted how people could take or send money out of Australia (requiring approval or reporting). This exemption removes those restrictions for one specific payment method: **money orders issued in Australia but payable overseas**.\n\n**What it means:**\n- If you bought a money order in Australia that could be cashed overseas, you did not need to seek special approval or comply with other requirements under Regulation 7\n- This allowed people to send money abroad through post offices or banks using money orders without navigating foreign exchange controls\n- The Reserve Bank Governor issued this exemption using powers under Regulation 38 of the same Regulations\n\n**Who it affects:**\nAnyone using Australian-issued money orders to transfer funds overseas during the period this exemption was in force."}},"importantCases":[],"_links":{"self":"/api/acts/banking-foreign-exchange-regulations-1959-exemption-regulation-7-12-12-1983","history":"/api/acts/banking-foreign-exchange-regulations-1959-exemption-regulation-7-12-12-1983/history","analysis":"/api/acts/banking-foreign-exchange-regulations-1959-exemption-regulation-7-12-12-1983/analysis","conflicts":"/api/acts/banking-foreign-exchange-regulations-1959-exemption-regulation-7-12-12-1983/conflicts","importantCases":"/api/acts/banking-foreign-exchange-regulations-1959-exemption-regulation-7-12-12-1983/important-cases","documents":"/api/acts/banking-foreign-exchange-regulations-1959-exemption-regulation-7-12-12-1983/documents"}}