keep Naval Financial Regulations (Amendment)
Amendment to Naval Financial Regulations 1926, updating financial management, accounting, procurement, and payment procedures for the Royal Australian Navy. The instrument applies to internal defence financial operations rather than private markets.
Naval financial regulations govern internal government financial management and accountability for defence expenditure. Unlike regulations that distort private markets, impose occupational licensing barriers, or burden resource development, these internal financial controls target public sector efficiency and accountability. While 1926-era rules clearly need modernising, deletion would create a regulatory vacuum in defence financial governance. The compliance costs are borne internally by defence rather than externalised to private enterprise, and some framework is necessary for responsible stewardship of defence-related taxpayer funds. These regulations do not constrain private markets, create occupational barriers, or impose the types of regulatory burdens identified as harmful to Australian prosperity and competitiveness.