keep Naval Financial Regulations (Repeal)
This instrument repeals the Naval Financial Regulations, which previously governed financial management, accounting, and procurement procedures within the Royal Australian Navy. The repeal removes these specific rules to reduce regulatory burden and streamline financial operations in naval contexts.
Reinstating the repealed regulations would reintroduce unnecessary bureaucratic layers, increase compliance costs, and slow critical naval procurement without providing commensurate benefits. Financial oversight of defence operations can be effectively maintained through broader public sector financial frameworks and internal controls, making service-specific regulations redundant and counterproductive to operational efficiency.