delete Naval Financial Regulations 1926 (Amendment)
Amendment to Naval Financial Regulations 1926, updating financial management, accounting, procurement, and payment procedures for the Royal Australian Navy. Registered 2014, this instrument modifies century-old defence financial rules.
Regulations from 1926 are inherently unsuitable for modern financial management. While defence financial controls are internal government matters rather than direct market interventions, retaining century-old amendments layered atop amendments creates absurd complexity. A 2014 amendment to 1926 regulations suggests the underlying framework is antiquated rather than being fundamentally sound. Australians are better served by modern, streamlined defence financial management rather than patching a 90-year-old regulatory relic. The compliance burden on defence personnel navigating outdated requirements likely diverts resources from actual naval operations and capability. Modern defence financial governance should be purpose-built, not retrofitted from the 1920s.