{"id":"C1978L00258","name":"Primary Industry Bank Regulations","slug":"primary-industry-bank-regulations","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":"258 of 1978","makingDate":null,"administeringDepartment":null,"currentVersion":{"id":25270,"registerId":"commonwealth-C1978L00258-current","compilationNumber":null,"startDate":"2026-04-01","status":"Repealed","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"Primary Industry Bank Regulations","content":"![Commonwealth Coat of Arms of Australia](image.001.jpeg)\n\nStatutory Rules\n\n1978 No. 258\n\nREGULATIONS UNDER THE PRIMARY INDUSTRY BANK ACT 1977\\*\n\nI, THE GOVERNOR-GENERAL of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, hereby make the following Regulations under the Primary Industry Bank Act 1977.\n\nDated this thirteenth day of December 1978.\n\nZELMAN COWEN\n\nGovernor-General\n\nBy His Excellency’s Command,\n\nJOHN HOWARD\n\nTreasurer\n\nPRIMARY INDUSTRY BANK REGULATIONS\n\nCitation\n\n1\\. These Regulations may be cited as the Primary Industry Bank Regulations.\n\nInterpretation\n\n2\\. In these Regulations, “ the Act ” means the Primary Industry Bank Act 1977.\n\nPrescribed maximum limit and prescribed rate of interest for the purposes of sub-section 8 (3) of the Act\n\n3\\. For the purposes of sub-section 8 (3) of the Act—\n\n(a) the amounts that may from time to time be lent to the Bank in accordance with sub-section 8 (2) of the Act shall be limited in the aggregate to a maximum of $30,000,000; and\n\n(b) interest that is to be payable in respect of loans made to the Bank in accordance with sub-section 8 (2) of the Act shall be at the rate of 5 per cent per annum.\n\n\\* Notified in the Commonwealth of Australia Gazette on 19 December 1978.","sortOrder":0}],"analysis":{"kimi_summary":{"_metrics":{"model":"kimi-k2.5","source":"moonshot-batch","completionTokens":1460},"content_quality":"ok","complexity_score":1,"scope_assessment":{"changed":false,"description":"These regulations establish the original financial parameters (lending cap and interest rate) specifically contemplated by section 8 of the Primary Industry Bank Act 1977, without expansion beyond the Act's original intent."},"complexity_factors":["Only 3 short regulations total","Single defined term ('the Act')","No conditional logic, exceptions, or internal cross-references","Simple fixed numerical values ($30,000,000 and 5%) without formulas or calculations","No operative provisions beyond setting the two financial parameters"],"plain_english_summary":"**What these rules do**\n\nThese regulations set two hard limits on loans from the Australian Government to the Primary Industry Bank:\n\n*   **Maximum total lending**: The government cannot lend more than **$30 million** in aggregate to the Bank\n*   **Interest rate**: Any loans made to the Bank must charge interest at **5% per year**\n\n**Who it affects**\n\nThis applies to the Primary Industry Bank (a government-backed lender that finances farmers and agricultural businesses) and the Commonwealth Government (which provides the funding).\n\n**Why it matters**\n\nThese caps control how much taxpayer money can be committed to supporting agricultural finance, and determine the cost the Bank pays for that government funding."}},"importantCases":[],"_links":{"self":"/api/acts/primary-industry-bank-regulations","history":"/api/acts/primary-industry-bank-regulations/history","analysis":"/api/acts/primary-industry-bank-regulations/analysis","conflicts":"/api/acts/primary-industry-bank-regulations/conflicts","importantCases":"/api/acts/primary-industry-bank-regulations/important-cases","documents":"/api/acts/primary-industry-bank-regulations/documents"}}