delete Finance Legislation Repeal Regulation 2012
A regulation that repealed various finance-related legislative instruments, effective from 2012. The instrument itself contains provisions for the repeal of specific Commonwealth finance laws and associated regulations.
This instrument is a repeal regulation that removes existing financial regulations. Since it removes regulatory burden rather than creating it, Australians would be worse off if the repealed regulations were reinstated. However, the instrument itself is now obsolete - it has already served its purpose of removing the target legislation, and any ongoing effects flow from what was repealed, not from this instrument. The original regulations it removed have already been eliminated; this instrument merely marks their removal.