{"id":"C1940L00106","name":"National Security (Gifts and Loans) Regulations","slug":"national-security-gifts-and-loans-regulations","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":"106 of 1940","makingDate":null,"administeringDepartment":null,"currentVersion":{"id":22194,"registerId":"commonwealth-C1940L00106-current","compilationNumber":null,"startDate":"2026-04-01","status":"Repealed","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"National Security (Gifts and Loans) Regulations","content":"STATUTORY RULES.\n\n1940\\. No. 106.\n\n––––––\n\nREGULATIONS UNDER THE NATIONAL SECURITY ACT 1939.\\*\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 National Security Act 1939.\n\nDated this Twelfth\n\nday of June, 1940\n\n(SGD.) GOWRIE.\n\nGovernor-General.\n\nBy His Excellency’s Command,\n\n![unidentified signature](image.001.png)\n\nfor and on behalf of the Minister of State for Defence Co-ordination.\n\n––––––\n\nNational Security (Gifts and Loans) Regulations.\n\nCitation.\n\n1. These Regulations may be cited as the National Security (Gifts and Loans) Regulations.\n\nPowers of bodies corporate in relation to gifts and loans.\n\n2. Every body corporate is hereby authorized and empowered—\n\n(a) to make a gift of moneys to the Commonwealth for war purposes; or\n\n(b) to lend moneys to the Commonwealth for war purposes on such terms as it thinks fit,\n\nnotwithstanding that, apart from this regulation, the body corporate has not power to make such a gift, to lend moneys to the Commonwealth, or to lend moneys to the Commonwealth on the terms referred to.\n\n\\*Notified in the Commonwealth Gazette on , 1940.\n\nBy Authority: L. F. Johnston, Commonwealth Government Printer, Canberra.\n\n3428.—10/30.5.1940—Price 3d.","sortOrder":0}],"analysis":{"kimi_summary":{"_metrics":{"model":"kimi-k2.5","source":"moonshot-batch","completionTokens":901},"content_quality":"ok","complexity_score":1,"scope_assessment":{"changed":false,"description":"The regulations remain tightly focused on their original 1940 purpose: authorizing corporate gifts and loans to support the war effort during World War II. No expansion of scope is evident."},"complexity_factors":["Only 2 regulations total","No defined terms or interpretation section","No cross-references to other legislation (beyond the enabling National Security Act 1939)","Simple, unconditional operative text with no procedural requirements or limits"],"plain_english_summary":"**What it does:**\nThis 1940 wartime regulation gives companies (bodies corporate) special permission to financially support Australia's World War II effort.\n\n**Key points:**\n- **Gifts:** Companies can donate money directly to the Commonwealth government for war purposes\n- **Loans:** Companies can lend money to the government on whatever terms they choose (interest rates, repayment periods, etc.)\n- **Overrides normal rules:** Even if a company's internal rules or constitution normally prohibit giving away money or lending to governments, this regulation makes it legal anyway\n\n**Why it matters:**\nDuring WWII, the government needed fast access to private funds. Without this regulation, company directors might have broken the law or exceeded their authority (acting \"ultra vires\") by giving shareholder money to the war effort. This provided legal cover for patriotic corporate donations and emergency war financing."}},"importantCases":[],"_links":{"self":"/api/acts/national-security-gifts-and-loans-regulations","history":"/api/acts/national-security-gifts-and-loans-regulations/history","analysis":"/api/acts/national-security-gifts-and-loans-regulations/analysis","conflicts":"/api/acts/national-security-gifts-and-loans-regulations/conflicts","importantCases":"/api/acts/national-security-gifts-and-loans-regulations/important-cases","documents":"/api/acts/national-security-gifts-and-loans-regulations/documents"}}