{"id":"C1976L00019","name":"Banking (Gold) Regulations (Repeal)","slug":"banking-gold-regulations-repeal","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":"19 of 1976","makingDate":null,"administeringDepartment":null,"currentVersion":{"id":24901,"registerId":"commonwealth-C1976L00019-current","compilationNumber":null,"startDate":"2026-04-01","status":"Repealed","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"Banking (Gold) Regulations (Repeal)","content":"---\nmeta-content-style-type: text/css\nmeta-content-type: application/xhtml+xml; charset=utf-8\nmeta-generator: Aspose.Words for .NET 22.10.0\n---\n\n?xml version=\"1.0\" encoding=\"utf-8\" standalone=\"no\"?>\n\n![Commonwealth Coat of Arms of Australia](image.001.png)\n\nStatutory Rules\n\n1976 No. 19\n\nREGULATION UNDER THE BANKING ACT 1959-1974.*\n\nI, THE ADMINISTRATOR of the Government of the Commonwealth of Australia, acting with the advice of the Executive Council, hereby make the following Regulation under the Banking Act 1959-1974.\n\nDated this thirtieth day of January, 1976.\n\nA. R. CUTLER\n\nAdministrator.\n\nBy His Excellency’s Command,\n\nPHILLIP LYNCH\n\nTreasurer.\n\n________\n\nRepeal of the Banking (Gold) Regulations\n\nRepeal.\n\nThe following Statutory Rules are repealed:—\n\nStatutory Rules 1960, No. 9;\n\nStatutory Rules 1964, No. 97;\n\nStatutory Rules 1966, No. 158;\n\nStatutory Rules 1970, No. 135;\n\nStatutory Rules 1971, No. 125; and\n\nStatutory Rules 1974, No. 88.\n\n* Notified in the Australian Government Gazette on 30 January 1976.\n","sortOrder":0}],"analysis":{"kimi_summary":{"_metrics":{"model":"kimi-k2.5","source":"moonshot-batch","completionTokens":2157},"content_quality":"ok","complexity_score":1,"scope_assessment":{"changed":false,"description":"This repeal instrument performs exactly the limited housekeeping function its title suggests—removing specific gold-related banking regulations without expanding into other areas."},"complexity_factors":["Single operative provision consisting solely of a repeal schedule","No interpretation section or defined terms","No conditional logic, exceptions, or procedural requirements","Straightforward cross-references to repealed instruments only"],"plain_english_summary":"**What this does**\n\nThis instrument repeals (removes from law) six earlier sets of regulations that governed how banks dealt with gold. These older rules — made in 1960, 1964, 1966, 1970, 1971, and 1974 — are completely deleted from the statute books.\n\n**Why it matters**\n\nThis is law housekeeping. The repealed regulations likely imposed requirements on banks regarding gold reserves, gold trading, or gold transactions. Removing them simplified banking regulation and likely reflected the global shift away from gold-based monetary systems in the 1970s.\n\n**Who is affected**\n\n- **Banks**: Freed from specific gold-related compliance obligations under these six rule sets\n- **Customers**: Any remaining restrictions on gold-related banking services were removed\n\n**In simple terms**\n\nThis is the legislative equivalent of shredding old filing cabinets. The government removed six outdated rulebooks about gold banking that were no longer needed."}},"importantCases":[],"_links":{"self":"/api/acts/banking-gold-regulations-repeal","history":"/api/acts/banking-gold-regulations-repeal/history","analysis":"/api/acts/banking-gold-regulations-repeal/analysis","conflicts":"/api/acts/banking-gold-regulations-repeal/conflicts","importantCases":"/api/acts/banking-gold-regulations-repeal/important-cases","documents":"/api/acts/banking-gold-regulations-repeal/documents"}}