{"id":"F2006B00610","name":"Banking (Foreign Exchange) Regulations 1959 - Exemption (subregulation 33(1)) (21/06/1984)","slug":"banking-foreign-exchange-regulations-1959-exemption-subregulation-33-1-21-06-1984","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":40736,"registerId":"commonwealth-F2006B00610-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Repealed","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"Banking (Foreign Exchange) Regulations 1959 -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 (subregulation 33(1)) (21/06/1984)","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  EXEMPTIONS\n\n \n\n Reserve Bank of Australia in pursuance of Regulation 38 of the Banking (Foreign Exchange) Regulations hereby exempts from the application of sub-regulation 33(1) of the Regulations any person who takes, sends or transfers any securities to any place outside Australia.\n\n \n\n \n\nThis instrument shall come into operation on 25 June 1984.\n\n \n\nDated at Sydney this 21st day of June 1984.\n\nFor and on behalf of the Reserve Bank of Australia.\n\n \n\n   D. N. SANDERS   Deputy Governor\n","sortOrder":0}],"analysis":{"kimi_summary":{"_metrics":{"model":"kimi-k2.5","source":"moonshot-batch","completionTokens":1755},"content_quality":"ok","complexity_score":1,"scope_assessment":{"changed":false,"description":"The instrument maintains its original narrow purpose: creating a blanket exemption for securities transfers from a specific regulatory requirement (subregulation 33(1)). It does not expand beyond this discrete administrative function."},"complexity_factors":["Extremely short instrument (under 150 words)","No defined terms, interpretation section, or schedules","Single, unconditional exemption with no exceptions, conditions, or procedural steps","Only one cross-reference to the parent regulations"],"plain_english_summary":"**What it does:** This instrument removes a regulatory requirement for sending securities (such as shares or bonds) overseas. It exempts anyone who takes, sends, or transfers securities to a place outside Australia from having to comply with subregulation 33(1) of the Banking (Foreign Exchange) Regulations.\n\n**Who it affects:** Individuals and companies moving financial assets offshore—specifically anyone transferring securities outside Australia.\n\n**Why it matters:** Before this exemption, you likely needed permission from the Reserve Bank or had to satisfy certain conditions to move securities out of the country. This change allows those transfers to proceed without that specific regulatory hurdle, simplifying the process of taking financial assets offshore."}},"importantCases":[],"_links":{"self":"/api/acts/banking-foreign-exchange-regulations-1959-exemption-subregulation-33-1-21-06-1984","history":"/api/acts/banking-foreign-exchange-regulations-1959-exemption-subregulation-33-1-21-06-1984/history","analysis":"/api/acts/banking-foreign-exchange-regulations-1959-exemption-subregulation-33-1-21-06-1984/analysis","conflicts":"/api/acts/banking-foreign-exchange-regulations-1959-exemption-subregulation-33-1-21-06-1984/conflicts","importantCases":"/api/acts/banking-foreign-exchange-regulations-1959-exemption-subregulation-33-1-21-06-1984/important-cases","documents":"/api/acts/banking-foreign-exchange-regulations-1959-exemption-subregulation-33-1-21-06-1984/documents"}}