keep Corporations (Commonwealth Authorities and Officers) Regulations
These regulations (SLI 2005 No. 157), made under section 5 of the Corporations Act 2001, clarify how the Corporations Act applies to Commonwealth authorities and officers. They specify which Commonwealth entities are treated as corporations, determine exemptions from certain corporate law provisions for government bodies, and establish how directors' duties and other corporate obligations apply to Commonwealth officers.
These regulations primarily provide administrative clarity for government entities rather than imposing costs on private enterprise. Deletion would create legal uncertainty about the corporate status of Commonwealth authorities, potentially causing more disruption than the minimal regulatory burden of these technical provisions. The instrument does not restrict competition, create licensing barriers, or impose compliance costs on private businesses—its effects are largely confined to clarifying existing corporate law obligations for government bodies. Australians would be worse off without the clarity these regulations provide on government entity governance.