keep Naval Financial Regulations (Amendment)
Amends Naval Financial Regulations governing internal financial management, procurement, and allowances for the Royal Australian Navy. Establishes accounting procedures, payment authorities, and financial controls for defence operations.
Australians would be worse off due to rampant waste, fraud, and mismanagement of defence funds, compromising naval readiness and national security. The regulations provide essential standardized financial oversight and accountability that would be difficult to replace without creating greater administrative chaos and risk.