{"id":"C1931L00103","name":"Commonwealth Debt Conversion Regulations","slug":"commonwealth-debt-conversion-regulations","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":"103 of 1931","makingDate":null,"administeringDepartment":null,"currentVersion":{"id":21688,"registerId":"commonwealth-C1931L00103-current","compilationNumber":null,"startDate":"2026-04-01","status":"Repealed","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"Commonwealth Debt Conversion Regulations","content":"STATUTORY RULES.\n\n1931\\. No. 103.\n\nREGULATIONS UNDER THE COMMONWEALTH DEBT CONVERSION ACT 1931.\n\nI, THE DEPUTY OF 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 Commonwealth Debt Conversion Act 1931, to come into operation forthwith.\n\nDated this thirteenth day of August, 1931.\n\nW. H. IRVINE\n\nDeputy of the Governor-General.\n\nBy His Excellency’s Command,\n\nJ. H. SCULLIN\n\nfor Treasurer.\n\nCommonwealth Debt Conversion Regulations.\n\nShort title.\n\n1. These Regulations may be cited as the Commonwealth Debt Conversion Regulations.\n\nInterest on existing securities.\n\n2. Interest on existing securities which becomes payable on or after the tenth day of August, 1931, and on or before the thirty-first day of August, 1931, may be paid within one calendar month after the date upon which it becomes payable.\n\nBy Authority: H. J. Green, Government Printer, Canberra.\n\n2486.—Price 3d.","sortOrder":0}],"analysis":{"summary":{"content_quality":"ok","complexity_score":1,"scope_assessment":{"changed":false,"description":"Historical subordinate legislation from 1931; not within the scope of current legislative tracking."},"complexity_factors":["Very short instrument (only two regulations)","Temporary administrative relief with no lasting effect","Straightforward language and no technical cross-references"],"plain_english_summary":"These 1931 Regulations—made under the Commonwealth Debt Conversion Act and signed 13 August 1931—temporarily relaxed the interest-payment deadline for Australian government bonds and similar securities whose interest fell due between 10 and 31 August 1931, allowing payment up to one calendar month late. It applied only to that narrow window, was administrative and temporary, and is now purely historical."},"kimi_summary":{"_metrics":{"model":"kimi-k2.5","source":"moonshot-batch","completionTokens":1704},"content_quality":"ok","complexity_score":1,"scope_assessment":{"changed":false,"description":"The regulations remain narrowly focused on the specific technical matter of extending interest payment deadlines for the August 1931 debt conversion period, exactly as contemplated by the Commonwealth Debt Conversion Act 1931."},"complexity_factors":["Only 2 operative provisions total","No defined terms or interpretation section","Simple date-range condition with basic extension mechanism","No cross-references to other legislation except the enabling Act"],"plain_english_summary":"**What this does:** These regulations give holders of Commonwealth government securities (government bonds or IOUs) extra time to pay interest that falls due between 10 August 1931 and 31 August 1931.\n\n**Why it matters:** During the Great Depression, Australia was restructuring its national debt to avoid default. Normally, interest must be paid on the exact due date. These rules allow a one-month grace period for interest payments due in late August 1931, providing temporary cash flow relief during the 1931 debt conversion process.\n\n**Who is affected:** Anyone holding existing Commonwealth securities with interest due between 10–31 August 1931."}},"importantCases":[],"_links":{"self":"/api/acts/commonwealth-debt-conversion-regulations","history":"/api/acts/commonwealth-debt-conversion-regulations/history","analysis":"/api/acts/commonwealth-debt-conversion-regulations/analysis","conflicts":"/api/acts/commonwealth-debt-conversion-regulations/conflicts","importantCases":"/api/acts/commonwealth-debt-conversion-regulations/important-cases","documents":"/api/acts/commonwealth-debt-conversion-regulations/documents"}}