Commonwealth legislation

Repeal of Certain Regulations Relating to Banking

RepealedCTH

This Act has been repealed and is no longer in force. It is retained for historical reference.

Jurisdiction

Commonwealth

Act Number

131 of 1945

Collection

legislative instrument

Plain English Summary

1/10 complexity

This short 1945 law ends the UK government's wartime grip on banking by repealing the emergency regulations that gave broad control over bank operations during World War II. It restores normal commercial autonomy to banks and financial institutions, marking a legal shift from wartime to peacetime economic governance just after the war's end.

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Repeal of Certain Regulations Relating to Banking

STATUTORY RULES

1945. No. 131.

_______

REGULATIONS UNDER THE NATIONAL SECURITY ACT 1939-1943.*

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 National Security Act 1939-1943.

Dated this twentieth day of August, 1945.

HENRY

Governor-General.

By His Royal Highness’s Command,

J. B. CHIFLEY

for and on behalf of the Minister of State for Defence.

__________

Repeal of Certain Regulations Relating to Banking.

Repeal of War-time Banking Control Regulations.

1.—(1.) The National Security (War-time Banking Control) Regulations are repealed.

(2.) This regulation shall come into operation on the twenty-ninth day of August, 1945.

Repeal of certain Supplementary Regulations.

2.—(1.) Regulations 39, 40, 41, 42, 43 and 44 of the National Security (Supplementary) Regulations are repealed.

(2.) This regulation shall come into operation on the twenty-first day of August, 1945.

* Notified in the Commonwealth Gazette on 20th August, 1945.

___________________

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

4682.—Price 3d.

Source text

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

1 Repeal of Certain Regulations Relating to Banking