delete 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.
While internal to government, this 2014 amendment perpetuates a 1926 regulatory framework through incremental patching rather than wholesale reform. Maintaining outdated naval financial regulations adds bureaucratic overhead and rigid procedural requirements without proportionate accountability benefit. True financial discipline in defence spending is better achieved through modern commercial accounting standards, independent auditing, and transparency requirements rather than prescriptive legacy regulations. The amendment approach suggests the underlying framework is fundamentally flawed but being preserved rather than replaced with a more efficient modern system.