Commonwealth legislation

Financial Relief Regulations

RepealedCTH

This Act has been repealed and is no longer in force. It is retained for historical reference.

Jurisdiction

Commonwealth

Act Number

67 of 1933

Collection

legislative instrument

Plain English Summary

1/10 complexity

These regulations extend temporary financial relief measures for three months during the Great Depression. Specifically, they keep Part IV of the Financial Relief Act 1932 in force from 1 July 1933 to 30 September 1933.

What this means:

Who it affects: People or businesses (likely farmers, small businesses, or debtors) who were relying on temporary protections under the 1932 Act—probably things like delays on debt repayments, protection from foreclosure, or moratoriums on creditor actions.
What it does: Prevents these relief measures from expiring on 30 June 1933 by pushing the expiration date back to 30 September 1933.
Why it matters: During the economic crisis of the 1930s, these temporary legal protections prevented widespread bankruptcies and foreclosures. This regulation simply "kept the lights on" for another quarter while the government decided on longer-term solutions.

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Current sections

Direct links to the current provisions in Financial Relief Regulations.

Financial Relief Regulations

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STATUTORY RULES.

No. 67.

REGULATIONS MADE UNDER THE FINANCIAL RELIEF ACT 1932.

I, 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 Financial Relief Act 1932, to come into operation on the first day of July, One thousand nine hundred and thirty-three.

Dated this thirty-first day of May, 1933.

ISAAC A. ISAACS

Governor-General.

By His Excellency’s Command,

W. MASSY GREENE

for Treasurer.

Financial Relief Regulations.

These Regulations may be cited as the Financial Relief Regulations.
Part IV. of the Financial Relief Act 1932 shall continue in operation for a period commencing on the first day of July, One thousand nine hundred and thirty-three and terminating on the thirtieth day of September, One thousand nine hundred and thirty-three.

By Authority: L. F. Johnston, Commonwealth Government Printer, Canberra.

Source text

Sourced from the Federal Register of Legislation (legislation.gov.au), CC BY 4.0.