{"id":"C1962L00060","name":"Wool Stores Regulations","slug":"wool-stores-regulations","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"repealed","isInForce":false,"actNumber":"60 of 1962","makingDate":null,"administeringDepartment":null,"currentVersion":{"id":23935,"registerId":"commonwealth-C1962L00060-current","compilationNumber":null,"startDate":"2026-04-01","status":"Repealed","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"Wool Stores Regulations","content":"---\nmeta-content-style-type: text/css\nmeta-content-type: application/xhtml+xml; charset=utf-8\nmeta-generator: Aspose.Words for .NET 22.10.0\n---\n\n?xml version=\"1.0\" encoding=\"utf-8\" standalone=\"no\"?>\n\nSTATUTORY RULES.\n\n1962. No. 60.\n\n \n\nREGULATIONS UNDER THE WOOL STORES ACT 1953.*\n\nI, THE ADMINISTRATOR of the Government of the Commonwealth of Australia, acting with the advice of the Federal Executive Council, hereby make the following Regulations under the Wool Stores Act 1953.\n\nDated this thirtieth day of July, 1962\n\nDALLAS BROOKS\n\nAdministrator.\n\nBy His Excellency’s Command,\n\n(sgd.) C. F. ADERMANN\n\nMinister of State for Primary Industry.\n\n \n\nWOOL STORES REGULATIONS.\n\nCitation.\n\n1. These Regulations may be cited as the Wool Stores Regulations.\n\nCommonwealth Trading Bank of Australia to be prescribed bank.\n\n2. For the purposes of sub-section (4.) of section 10 and sub-section (5.) of section 12 of the Wool Stores Act 1953, the Commonwealth Trading Bank of Australia is a prescribed bank.\n\n \n\n* Notified in the Commonwealth Gazette on 30th July, 1962\n\n \n\nBy Authority: A. J. ARTHUR, Commonwealth Government Printer, Canberra.\n\n5296/62.—PRICE 3D. 10/18.6.1962.\n","sortOrder":0}],"analysis":{"kimi_summary":{"_metrics":{"model":"kimi-k2.5","source":"moonshot-batch","completionTokens":1369},"content_quality":"ok","complexity_score":1,"scope_assessment":{"changed":false,"description":"The regulation remains strictly limited to its original purpose of designating a specific financial institution for the Wool Stores Act 1953 machinery provisions."},"complexity_factors":["Only 2 operative provisions","No defined terms or interpretation section","Minimal cross-referencing (only to specific subsections of the parent Act)","No conditional language, exceptions, or procedural requirements"],"plain_english_summary":"These regulations operate under the **Wool Stores Act 1953** and do two simple things:\n\n1. **Name themselves**: They officially adopt the title \"Wool Stores Regulations\".\n\n2. **Appoint a bank**: They designate the **Commonwealth Trading Bank of Australia** (now part of the Commonwealth Bank) as the \"prescribed bank\" for specific sections of the Wool Stores Act.\n\n**What this means**: Under sections 10 and 12 of the parent Act, having a \"prescribed bank\" allows wool store operators to use this specific bank for certain financial arrangements—likely for handling security deposits, guarantees, or payments related to storing wool. This ensures there's an official financial institution designated to handle the money side of wool storage operations."}},"importantCases":[],"_links":{"self":"/api/acts/wool-stores-regulations","history":"/api/acts/wool-stores-regulations/history","analysis":"/api/acts/wool-stores-regulations/analysis","conflicts":"/api/acts/wool-stores-regulations/conflicts","importantCases":"/api/acts/wool-stores-regulations/important-cases","documents":"/api/acts/wool-stores-regulations/documents"}}