{"id":"C1922L00044","name":"Treasury Bills Regulations","slug":"treasury-bills-regulations","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":"44 of 1922","makingDate":null,"administeringDepartment":null,"currentVersion":{"id":20935,"registerId":"commonwealth-C1922L00044-current","compilationNumber":null,"startDate":"2026-04-01","status":"Repealed","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"Treasury Bills Regulations","content":"STATUTORY RULES.\n\n1922\\. No. 44.\n\nREGULATIONS UNDER THE TREASURY BILLS ACT 1914-1915.\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 Treasury Bills Act 1914-1915 to come into operation forthwith.\n\nDated this twenty-second day of March, 1922.\n\nFORSTER,\n\nGovernor-General.\n\nBy His Excellency’s Command,\n\nS. M. BRUCE,\n\nTreasurer.\n\nTreasury Bills shall bear interest payable quarterly on the 31st March, 30th June, 30th September, and 31st December in each year.\n\n2\\. Treasury Bills shall be issued in the following form:—\n\nCommonwealth of Australia.\n\nTreasury Bill.\n\nTransferable by delivery.\n\nNo. £\n\nIssued under the Treasury Bills Act 1914-1915.\n\nThis Bill entitles the bearer to payment at the Commonwealth Treasury at Melbourne of pounds sterling (or such reduced amount as may be indorsed hereon) on the day of , One thousand nine hundred and , together with interest thereon at the rate of per centum per annum payable, and such sums are secured on the Consolidated Revenue of the Commonwealth of Australia.\n\nDated this day of , 19 .\n\nSecretary to the Treasury.\n\nRegistered at the Audit Office, Melbourne.\n\nAuditor-General.\n\n3\\. On the redemption in part of any Treasury Bill, it shall not be necessary to cancel the Bill, but a certificate shall be indorsed thereon, signed by the Secretary to the Treasury and registered in the office of the Auditor-General, specifying the amount of such redemption and the amount of such Bill that remains unredeemed.\n\nPrinted and Published for the Government of the Commonwealth of Australia by Albert J. Mullett, Government Printer for the State of Victoria.","sortOrder":0}],"analysis":{"kimi_summary":{"_metrics":{"model":"kimi-k2.5","source":"moonshot-batch","completionTokens":1363},"content_quality":"ok","complexity_score":1,"scope_assessment":{"changed":false,"description":"These regulations represent the original delegated legislation made under the Treasury Bills Act 1914-1915. They cover standard administrative implementation matters—interest payment timing, bill format specifications, and redemption procedures—entirely consistent with the Act's purpose of regulating short-term government securities. There is no indication of scope expansion beyond the original legislative intent."},"complexity_factors":["Only 3 operative regulations","No defined terms or interpretation section","No conditional logic or nested exceptions","Single cross-reference to the enabling Act (Treasury Bills Act 1914-1915)","Straightforward administrative prescriptions without substantive legal tests"],"plain_english_summary":"These regulations set out how Commonwealth Treasury Bills — short-term, bearer government IOUs from the early 1920s — are administered. They fix quarterly interest payment dates, prescribe a physical bill form secured by the Consolidated Revenue, and allow the Treasury to record partial repayments by endorsing the existing bill (with Auditor‑General recording). This matters to holders, the Treasury and auditors because it governs payment timing, security and mid‑term balance adjustments."}},"importantCases":[],"_links":{"self":"/api/acts/treasury-bills-regulations","history":"/api/acts/treasury-bills-regulations/history","analysis":"/api/acts/treasury-bills-regulations/analysis","conflicts":"/api/acts/treasury-bills-regulations/conflicts","importantCases":"/api/acts/treasury-bills-regulations/important-cases","documents":"/api/acts/treasury-bills-regulations/documents"}}