{"id":"F2006B00089","name":"Banking (Foreign Exchange) Regulations 1959 - Exemption (subregulation 9(1)) (21/06/1984)","slug":"banking-foreign-exchange-regulations-1959-exemption-subregulation-9-1-21-06-1984","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":113889,"registerId":"commonwealth-F2006B00089-current","compilationNumber":null,"startDate":"2026-04-03","status":"Repealed","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"Banking (Foreign Exchange) Regulations 1959 - Exemption (subregulation 9(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  EXEMPTION\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 9(1) of the Regulations the sale, loan, transfer, mortgaging or charging of any security or land that is in Australia by, by the order of, or on behalf of, a person who is not a resident to another person who is not a resident, or to a person acting on behalf of such a person.\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":1878},"content_quality":"ok","complexity_score":2,"scope_assessment":{"changed":false,"description":"This instrument maintains its original narrow scope as a specific exemption for transactions between non-residents under the Banking (Foreign Exchange) Regulations 1959."},"complexity_factors":["References to external regulations (Regulation 38 and subregulation 9(1)) without reproducing their content","Reliance on undefined term 'resident' which is defined in parent regulations","Use of technical legal terms including 'mortgaging' and 'charging' (using assets as security for loans)"],"plain_english_summary":"This exemption removes Reserve Bank approval requirements under Australia’s foreign exchange controls for transactions in Australian land or securities—sale, purchase, lending, transfer, or use as collateral—when the parties are both non-residents.  \n\nIt affects foreign investors, banks, lawyers and brokers handling purely cross-border deals and matters because it cuts red tape, paperwork and delays for transactions that do not involve Australian residents."}},"importantCases":[],"_links":{"self":"/api/acts/banking-foreign-exchange-regulations-1959-exemption-subregulation-9-1-21-06-1984","history":"/api/acts/banking-foreign-exchange-regulations-1959-exemption-subregulation-9-1-21-06-1984/history","analysis":"/api/acts/banking-foreign-exchange-regulations-1959-exemption-subregulation-9-1-21-06-1984/analysis","conflicts":"/api/acts/banking-foreign-exchange-regulations-1959-exemption-subregulation-9-1-21-06-1984/conflicts","importantCases":"/api/acts/banking-foreign-exchange-regulations-1959-exemption-subregulation-9-1-21-06-1984/important-cases","documents":"/api/acts/banking-foreign-exchange-regulations-1959-exemption-subregulation-9-1-21-06-1984/documents"}}