keep Naval Financial Regulations (Amendment)
Amendment to Naval Financial Regulations 1926, updating financial management, accounting, procurement and payment procedures for the Royal Australian Navy. Registered 2014-08-22, this instrument amends 1926-era rules governing defence expenditure.
Naval financial regulations govern public accountability for defence expenditure rather than constraining private markets or creating occupational barriers. Unlike regulations affecting mining approvals, housing development, or occupational licensing, these rules apply internally to government financial management, not to private enterprise or individual liberty. While 1926-era rules clearly need modernising, deleting them entirely would create a regulatory vacuum in defence financial management, potentially enabling waste or lack of accountability for significant public spending. The compliance costs of internal financial controls are relatively low compared to regulations that burden private enterprise, and some framework for naval financial governance is necessary for responsible stewardship of taxpayer funds allocated to national defence. This instrument does not exhibit the key pathologies Better Australia seeks to address: it does not strangle resources sector approvals, inflate housing costs, create occupational barriers, impose nanny state restrictions, or burden rural businesses.