Summary
Treasury financial administration regulations originating from 1919, likely made under the Audit Act 1901, governing accounting procedures, public money handling, financial delegations, and audit requirements for Commonwealth government departments and agencies. Registered on the Federal Register of Legislative Instruments in 2014 as part of the statutory rules series.
Reason
Regulations originating from 1919 that have persisted for over 105 years almost certainly contain archaic procedural requirements that impose compliance costs without proportionate modern benefit. The name 'Treasury Regulations 1919' indicates these are command-era financial controls predating modern computing, accounting standards, and government finance management. (1) Such antique regulations likely impose paperwork-heavy requirements that could be modernized or eliminated without compromising proper public financial management; (2) Continuous operation since 1919 without fundamental restructuring suggests regulatory accretion rather than deliberate design; (3) Government accounting and audit requirements can be adequately addressed through modernized, principles-based frameworks rather than century-old prescriptive rules; (4) The compliance burden falls on government departments and agencies, ultimately reducing resources available for service delivery; (5) Without access to actual text, the default assumption for regulations of this age is that they impose unnecessary costs - actual regulatory text would be required to identify specific provisions that merit retention. The 2014 registration date indicates this was a re-registration of existing rules rather than a fresh policy decision, suggesting no recent regulatory impact assessment has been conducted.