{"id":"C2004L01889","name":"Coal Industry (Finance) Regulations","slug":"coal-industry-finance-regulations","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":"109 of 1962","makingDate":null,"administeringDepartment":null,"currentVersion":{"id":25525,"registerId":"commonwealth-C2004L01889-current","compilationNumber":null,"startDate":"2026-04-01","status":"Repealed","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"Coal Industry (Finance) Regulations","content":"![](image.001.png)\n\nSTATUTORY RULES.\n\n1962\\. No. 109.\n\n![](image.002.png)REGULATIONS UNDER THE COAL INDUSTRY ACT 1946–1958.\\*\n\nI, THE PRIME MINISTER of the Commonwealth of Australia, in agreement with the Premier of the State of New South Wales, hereby recommend the making of the following Regulations under the Coal Industry Act 1946–1958.\n\nDated this ![thirteenth](image.003.png)\n\nday of ![November](image.004.png) , 1962.\n\n![Signature of Gordon Freeth, Minister of State for the Interior for and on behalf of](image.005.png) Prime Minister.\n\n![](image.006.png)Administrator of the Government of\n\nI, THE GOVERNOR\\-GENERAL in and over the Commonwealth of Australia, acting with the advice of the Federal Executive Council, hereby make the following Regulations under the Coal Industry Act 1946–1958.\n\nDated this ![](image.007.png)\n\nday of ![](image.008.png) , 1962.\n\nDALLAS BROOKS\n\nAdministrator\n\nGovernor-General\n\nBy His Excellency’s Command,\n\n![Signature of William Spooner](image.009.png)\n\nMinister of State for National Development.\n\n![](image.010.png)Coal Industry (Finance) Regulations.\n\nCitation.\n\n1. These Regulations may be cited as the Coal Industry (Finance) Regulations.\n\nDefinition.\n\n2. In these Regulations, “ the annual report ” means the annual report of the financial accounts of the Board required to be submitted in accordance with section twenty of the Coal Industry Act 1946–1958.\n\nAnnual Report.\n\n3.—(1.) The annual report shall be in accordance with the form set out in the Schedule to these Regulations.\n\n(2.) Where, in respect of any financial year, any item or heading set out in the form in the Schedule to these Regulations is, for any reason, inapplicable, the omission of that item or heading from the annual report submitted by the Board shall not be deemed to be a departure from that form.\n\nForm of accounts of the Board.\n\n4. The accounts of the Board shall be kept in such cash books, ledgers, journals, and other books of account and record as are customarily used in accordance with accepted accounting principles and practice and the accounts shall disclose the whole of the financial transactions of the Board in respect of each of the funds kept in the books of the Board.\n\n![](image.011.png)\\* Notified in the Commonwealth Gazette on 13th December , 1962.\n\n4365/62.—Price 8d. 12/19.10.1962.\n\nTHE SCHEDULE.\n\nRegulation 3.\n\nANNUAL REPORT OF THE FINANCIAL ACCOUNTS OF THE JOINT COAL BOARD.\n\nCOAL INDUSTRY FUND.\n\nBALANCE SHEET.\n\nAs at 30th June,\n\n![](image.012.png)(To the nearest pound.)\n\n```html\n

Previous Year.

Liabilities.

Current Year.

Previous Year.

Assets.

Current Year.

£

£

£

£

General Account—

General Account—

Accumulated Funds—

Fixed Assets—

Current Liabilities—

Current Assets—

Deferred Liabilities—

Trust Account Assets—

Trust Accounts—

Administration Account—

Administration Account—

As per contra............................

Assets, as specified below—

£

Research and Investigation Account—

Research and Investigation Account—

As per contra............................

Assets, as specified below—

£

\n```\n\n![](image.013.png) \nThe Schedule—continued.\n\nCOAL INDUSTRY FUND.\n\nGENERAL ACCOUNT.\n\nPROFIT AND LOSS APPROPRIATION ACCOUNT.\n\nFor the Year Ended 30th June,\n\n(To the nearest pound.)\n\n| Previous Year. | | Current Year. | Previous Year. | | Current. Year. |\n| -------------- | ---------------------------------------------------------------------------------------------- | ------------- | -------------- | ----------------------------------------------------------- | -------------- |\n| £ | | £ | £ | | £ |\n| | Balance brought forward at beginning of year.......... | | | Balance brought forward at beginning of year....... | |\n| | Loss transferred from Trading and Profit and Loss Account. | | | Profit transferred from Trading and Profit and Loss Account | |\n| | Allocations pursuant to section 25 of the Commonwealth Act and section 33 of the State Act to— | | | Transfers— | |\n| | (a) Welfare Fund........................... | | | | |\n| | (b) Workers’ Compensation Fund................ | | | | |\n| | Transfers— | | | | |\n| | Balance carried forward at end of year............... | | | Balance carried forward at end of year............ | |\n| | Total............. | | | Total.......... | |\n\n \nThe Schedule—continued.\n\nCOAL INDUSTRY FUND.\n\nGENERAL ACCOUNT.\n\n![](image.016.png)TRADING AND PROFIT AND LOSS ACCOUNT.\n\nFor the Year Ended 30th June,\n\n(To the nearest pound.)\n\n| Previous Year. | | Current Year. | Previous Year. | | Current Year. |\n| -------------- | ----------------------------------------------------------- | ------------- | -------------- | --------------------------------------------------------- | ------------- |\n| £ | | £ | £ | | £ |\n| | Trading Expenditure— | | | Trading Income— | |\n| | Administration Expenditure— | | | Rents— | |\n| | Provisions— | | | Interest— | |\n| | Other Expenditure— | | | Other Income— | |\n| | Profit transferred to Profit and Loss Appropriation Account | | | Loss transferred to Profit and Loss Appropriation Account | |\n| | Total............ | | | Total........... | |\n\n \nThe Schedule—continued.\n\nCOAL INDUSTRY FUND.\n\nADMINISTRATION ACCOUNT.\n\n![](image.019.png)Commonwealth and State Joint Contributions.\n\nSTATEMENT OF RECEIPTS AND PAYMENTS.\n\nFor the Year Ended 30th June,\n\n(To the nearest pound.)\n\n| Previous Year. | Receipts. | Current Year. | Previous Year. | Payments. | Current Year. |\n| -------------- | ---------------------------------------------------------------------- | ------------- | -------------- | --------------------------------------------------- | ------------- |\n| £ | | £ | £ | | £ |\n| | Contributions to this Account by— | | | Salaries— | |\n| | (1) Commonwealth Government............... | | | Administration........................ | |\n| | (2) New South Wales Government.............. | | | Finance............................. | |\n| | | | | Distribution and Statistics................. | |\n| | Transfers to Accounts and Funds for salaries and administrative costs— | | | Engineering.......................... | |\n| | | | | Transport and cleaning................... | |\n| | | | | Coal Industry Tribunal and other industrial..... | |\n| | | | | Typists, stenographers, telephonists.......... | |\n| | Other receipts— | | | Other— | |\n| | | | | Superannuation......................... | |\n| | | | | Travelling and transport expenses............. | |\n| | | | | Rent and other expenses in connexion with buildings | |\n| | | | | Printing, stationery and publications........... | |\n| | | | | Other general expenses................... | |\n| | | | | Witnesses’ allowances.................... | |\n| | | | | Purchase of assets— | |\n| | | | | Other Payments— | |\n| | Total receipts.............. | | | Total payments............ | |\n| | Balance brought forward at beginning of year........ | | | Balance carried forward at end of year......... | |\n| | Total................... | | | Total.................. | |\n\n \nThe Schedule—continued.\n\n![](image.020.png)COAL INDUSTRY FUND.\n\nRESEARCH AND INVESTIGATION ACCOUNT.\n\nCommonwealth Contributions.\n\nSTATEMENT OF RECEIPTS AND PAYMENTS.\n\nFor the Year Ended 30th June,\n\n(To the nearest pound.)\n\n| Previous Year. | Receipts. | Current Year. | Previous Year. | Payments. | Current Year. |\n| -------------- | -------------------------------------------------------- | ------------- | -------------- | -------------------------------------------------- | ------------- |\n| £ | | £ | £ | | £ |\n| | Contributions to this Account by Commonwealth Government | | | Investigation and research— | |\n| | | | | Purchase of assets— | |\n| | Other receipts— | | | Transfers from Administration Account— | |\n| | | | | Other payments— | |\n| | Total receipts.............. | | | Total payments.............. | |\n| | Balance brought forward at beginning of year........ | | | Balance carried forward at end of year............ | |\n| | Total................... | | | Total..................... | |\n\n![](image.021.png) \nThe Schedule—continued.\n\nWELFARE FUND.\n\nBALANCE SHEET AS AT 30th JUNE,\n\n(To the nearest pound.)\n\n```html\n

Previous Year.

Liabilities.

Current Year.

Previous Year.

Assets.

Current Year.

£

£

£

£

Accumulated Funds—

Investments—

Reserves—

Current Assets—

Sundry Debtors.........................

Sundry Creditors—

Cash on hand and at bank...................

Advance to Local Government Department.......

Deferred Liabilities entered into with approval of Commonwealth Government and Government of New South Wales—

Deferred Assets—

Contributions from Commonwealth Government and Government of New South Wales payable but not yet due—

Commitments for Community Amenities.......

University Scholarships..................

Subsidies to miners co-operative building societies.

Other Liabilities—

Other Assets—

Total................

Total..............

\n```\n\n![](image.022.png) \nThe Schedule—continued.\n\nWELFARE FUND.\n\nSTATEMENT OF INCOME AND EXPENDITURE.\n\nFor the Year Ended 30th June,\n\n(To the nearest pound.)\n\n| Previous Year. | Expenditure. | Current Year. | Previous Year. | Income. | Current Year. |\n| -------------- | --------------------------------------------------------------- | ------------- | -------------- | ------------------------------------------------------------------------------------------------- | ------------- |\n| £ | | £ | £ | | £ |\n| | Community amenities— | | | Contributions to this Fund by— | |\n| | | | | (1) Commonwealth Government............... | |\n| | Subsidies and continuing activities— | | | (2) New South Wales Government............. | |\n| | Education and training— | | | Allocations pursuant to section 25 of the Commonwealth Act and section 33 of the State Act, from— | |\n| | | | | (a) Workers’ Compensation Fund............. | |\n| | Transfer from Coal Industry Fund, Administration Account— | | | (b) Coal Industry Fund.................... | |\n| | | | | Other income— | |\n| | Other expenditure— | | | Surplus of Expenditure over Income carried to Accumulated Funds | |\n| | Provision for outstanding liabilities— | | | | |\n| | Surplus of Income over Expenditure carried to Accumulated Funds | | | | |\n| | Total..................... | | | Total..................... | |\n\n![](image.023.png) \nThe Schedule—continued.\n\nWORKERS’ COMPENSATION FUND.\n\nBALANCE SHEET.\n\nAs at 30th June,\n\n(To the nearest pound.)\n\n| Previous Year. | Liabilities. | Current Year. | Previous Year. | Assets. | Current Year. |\n| -------------- | ------------------------ | ------------- | -------------- | ------------------------- | ------------- |\n| £ | | £ | £ | | £ |\n| | Accumulated Funds— | | | Fixed Assets— | |\n| | Provisions— | | | Investments— | |\n| | Current liabilities— | | | Current Assets— | |\n| | Deferred liabilities— | | | | |\n| | Total................... | | | Total.................... | |\n\n![](image.024.png) \nThe Schedule—continued.\n\nWORKERS’ COMPENSATION FUND.\n\nPROFIT AND LOSS APPROPRIATION ACCOUNT.\n\nFor the Year Ended 30th June,\n\n(To the nearest pound.)\n\n| Previous Year. | | Current Year. | Previous Year. | | Current Year. |\n| -------------- | ----------------------------------------------------------------------------------------------------------- | ------------- | -------------- | -------------------------------------------------- | ------------- |\n| £ | | £ | £ | | £ |\n| | Balance brought forward at beginning of year....... | | | Balance brought forward at beginning of year...... | |\n| | Loss transferred from Revenue Account........... | | | Profit transferred from Revenue Account......... | |\n| | Allocations to Welfare Fund pursuant to section 25 of the Commonwealth Act and section 33 of the State Act— | | | | |\n| | | | | Transfers— | |\n| | Transfers— | | | | |\n| | Balance carried forward at end of year............ | | | Balance carried forward at end of year........... | |\n| | Total..................... | | | Total.................... | |\n\n![](image.027.png)![](image.026.png) \nThe Schedule—continued.\n\nWORKERS’ COMPENSATION FUND.\n\nREVENUE ACCOUNT.\n\nFor the Year Ended 30th June,\n\n(To the nearest pound.)\n\n| Previous Year. | | Current Year. | Previous Year. | | Current Year. |\n| -------------- | ------------------------------------------------------------------------------------------------------ | ------------- | -------------- | --------------------------------------------------------- | ------------- |\n| £ | | £ | £ | | £ |\n| | Claims paid and outstanding including medical and other expenses directly incurred in settling claims— | | | Premiums.............................. | |\n| | | | | Interest earned on Reserves and provisions— | |\n| | Provisions— | | | Dividends and Interest on Investments— | |\n| | Expenses of Management— | | | Less transfers— | |\n| | Other Expenses— | | | Other Income— | |\n| | Profit transferred to Profit and Loss Appropriation Account | | | Loss transferred to Profit and Loss Appropriation Account | |\n| | Total.................... | | | Total.................... | |","sortOrder":0}],"analysis":{"kimi_summary":{"_metrics":{"model":"kimi-k2.5","source":"moonshot-realtime","completionTokens":978},"content_quality":"ok","complexity_score":3,"scope_assessment":{"changed":false,"description":"The regulations remain tightly focused on their original purpose: prescribing accounting standards and annual report formats for the Joint Coal Board. The scope covers exactly what the title suggests — finance regulations for the coal industry — without expansion into operational or policy matters."},"complexity_factors":["Detailed financial reporting schedules with multiple account templates (Balance Sheets, Profit and Loss, Revenue Accounts)","Specific form requirements with 7+ distinct financial statements across 3 separate funds","Requires cross-referencing with the parent Act (Coal Industry Act 1946-1958) for definitions and context","Minor conditional provision allowing omission of inapplicable items"],"plain_english_summary":"The regulations require the Joint Coal Board to keep proper accounting records and produce a standardised annual financial report, with flexibility to omit inapplicable headings. They apply to the Board’s main funds—operating, welfare and workers’ compensation—tracking public receipts and expenditures.\n\nBy standardising reporting and disclosure, the rules promote transparent stewardship of government contributions, premiums, investments and payments for administration, research, community welfare and injured workers’ claims."},"flash_summary":{"complexity_score":3,"scope_assessment":{"changed":false,"description":"These Regulations implement and detail the Coal Industry Act’s reporting requirement by prescribing formats and bookkeeping standards for the Joint Coal Board’s funds. They do not expand the Board’s statutory powers nor alter which entities are covered; they standardise reporting mechanics and record‑keeping rather than change substantive scope."},"complexity_factors":["Highly prescriptive schedule templates enumerating multiple funds and line items (Coal Industry Fund, Welfare Fund, Workers’ Compensation Fund, Administration and Research accounts)","Cross‑jurisdictional context: contributions and references to both Commonwealth and New South Wales governments","Requirement to use \"accepted accounting principles and practice\" (reg 4) introduces interpretive discretion about accounting treatment","Omission clause (reg 3(2)) reduces rigidity but creates a judgment call on applicability","Administrative compliance burden on the Board to prepare and present multiple formal statements (balance sheets, receipts/payments, P&L and revenue accounts)","Technical bookkeeping detail (cash books, ledgers, journals) but no new substantive regulatory powers — mainly formatting and disclosure"],"plain_english_summary":"These Regulations prescribe the exact form and contents of the Joint Coal Board’s annual financial report and require the Board to keep accounts in customary cash books, ledgers and journals consistent with accepted accounting principles. The Schedule supplies detailed templates for the Coal Industry Fund, Administration and Research accounts, the Welfare Fund and the Workers’ Compensation Fund, while permitting omission of inapplicable items. \n\nThey apply to the Joint Coal Board (which must prepare and submit the reports) and to the Commonwealth and New South Wales governments (which contribute funds), standardising what must be disclosed and imposing a predictable compliance burden."}},"importantCases":[],"_links":{"self":"/api/acts/coal-industry-finance-regulations","history":"/api/acts/coal-industry-finance-regulations/history","analysis":"/api/acts/coal-industry-finance-regulations/analysis","conflicts":"/api/acts/coal-industry-finance-regulations/conflicts","importantCases":"/api/acts/coal-industry-finance-regulations/important-cases","documents":"/api/acts/coal-industry-finance-regulations/documents"}}