{"id":"F1996B02464","name":"Proceeds of Crime (Commonwealth Bank of Australia) Regulations","slug":"proceeds-of-crime-commonwealth-bank-of-australia-regulations","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":"328 of 1993","makingDate":null,"administeringDepartment":null,"currentVersion":{"id":29239,"registerId":"commonwealth-F1996B02464-current","compilationNumber":null,"startDate":"2026-04-01","status":"Repealed","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"Proceeds of Crime (Commonwealth Bank of Australia) Regulations","content":"Statutory Rules 1993 No. 3281\n\n\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\n\nProceeds of Crime (Commonwealth Bank of Australia) Regulations\n\nI, The Governor-General of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, make the following Regulations under the Proceeds of Crime Act 1987 and the Commonwealth Banks Act 1959.\n\nDated 2 December 1993.\n\nBILL HAYDEN\n\nGovernor-General\n\nBy His Excellency’s Command,\n\nd. kerr\n\nMinister for Justice\n\n\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\n\nCitation\n\n1. These Regulations may be cited as the Proceeds of Crime (Commonwealth Bank of Australia) Regulations.\n\n> Note: \\[NOTE: These Regulations commence on gazettal: see Acts Interpretation Act 1901, s. 48.\\]\n\nArrangements relating to the Commonwealth Bank of Australia\n\n2. (1) In relation to a relevant offence, within the meaning of section 34c of the Proceeds of Crime Act 1987, that was committed before 17 April 1991, the Commonwealth Bank of Australia, as it exists after 17 April 1991, is declared to be incorporated for a purpose of the Commonwealth:\n\n(a) for the purposes of the Proceeds of Crime Act 1987; and\n\n(b) for the purposes of section 27h of the Commonwealth Banks Act 1959.\n\n(2) For the purposes of the definition of “GBE” in subsection 4 (1) of the Proceeds of Crime Act 1987, the Commonwealth Bank of Australia is prescribed.\n\n\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\\_\n\nNOTE\n\n> Note: 1. Notified in the Commonwealth of Australia Gazette on 10 December 1993.","sortOrder":0}],"analysis":{"kimi_summary":{"_metrics":{"model":"kimi-k2.5","source":"moonshot-batch","completionTokens":2028},"content_quality":"ok","complexity_score":2,"scope_assessment":{"changed":false,"description":"This instrument maintains its original narrow, transitional scope. It was always intended as a specific technical fix to address the Commonwealth Bank's change of legal status upon corporatization in 1991."},"complexity_factors":["Only 2 operative sections","Cross-references to two separate Acts (Proceeds of Crime Act 1987 and Commonwealth Banks Act 1959)","Relies on understanding of the 1991 corporatization of the Commonwealth Bank","Creates a legal fiction (declaring a privatized entity as incorporated for Commonwealth purposes for a limited historical period)"],"plain_english_summary":"This regulation closes a legal gap from the Commonwealth Bank’s 1991 privatisation by treating the Bank as a “Commonwealth body” and a Government Business Enterprise under the Proceeds of Crime Act 1987—but only for offences committed before 17 April 1991. That preserves government power to investigate and recover proceeds of crime linked to the Bank’s pre‑privatisation activities, affecting the Bank and agencies that pursue asset recovery."}},"importantCases":[],"_links":{"self":"/api/acts/proceeds-of-crime-commonwealth-bank-of-australia-regulations","history":"/api/acts/proceeds-of-crime-commonwealth-bank-of-australia-regulations/history","analysis":"/api/acts/proceeds-of-crime-commonwealth-bank-of-australia-regulations/analysis","conflicts":"/api/acts/proceeds-of-crime-commonwealth-bank-of-australia-regulations/conflicts","importantCases":"/api/acts/proceeds-of-crime-commonwealth-bank-of-australia-regulations/important-cases","documents":"/api/acts/proceeds-of-crime-commonwealth-bank-of-australia-regulations/documents"}}