Commonwealth Securities (Treasury Portfolio Agency) Amendment (2025 Measures No. 1) Delegations 2025

Administered by Department of Finance, Department of the Treasury

Legislation au F2025N00787 Not in force Notifiable Instrument

Legislation content

 

Commonwealth Securities (Treasury Portfolio Agency) Amendment (2025 Measures No. 1) Delegations 2025

I, Daniel Mulino, Assistant Treasurer and Minister for Financial Services, make the following delegations.

Dated   29 September 2025

 

Dr Daniel Mulino

Assistant Treasurer
Minister for Financial Services

 

 

 

Contents

1  Name 

2  Commencement

3  Authority

4  Schedules

Schedule 1—Amendments

Part 1—Amendments relating to the Commonwealth Inscribed Stock Regulations 2025

Commonwealth Securities (Treasury Portfolio Agency) Delegations 2023

Part 2—Amendments relating to the Loans Securities Regulations 2025

Commonwealth Securities (Treasury Portfolio Agency) Delegations 2023

Part 3—Other amendments

Commonwealth Securities (Treasury Portfolio Agency) Delegations 2023

 

 

1  Name

  This instrument is the Commonwealth Securities (Treasury Portfolio Agency) Amendment (2025 Measures No. 1) Delegations 2025.

2  Commencement

 (1) Each provision of this instrument specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.

 

Commencement information

Column 1

Column 2

Column 3

Provisions

Commencement

Date/Details

1.  Sections 1 to 4 and anything in this instrument not elsewhere covered by this table

The day after this instrument is registered.

 

2.  Schedule 1, Part 1

The later of:

(a) the day after this instrument is registered; and

(b) the day the Commonwealth Inscribed Stock Regulations 2025 commences.

 

3.  Schedule 1, Part 2

The later of:

(a) the day after this instrument is registered; and

(b) the day the Loans Securities Regulations 2025 commences.

 

4.  Schedule 1, Part 3

The day after this instrument is registered.

 

Note: This table relates only to the provisions of this instrument as originally made. It will not be amended to deal with any later amendments of this instrument.

 (2) Any information in column 3 of the table is not part of this instrument. Information may be inserted in this column, or information in it may be edited, in any published version of this instrument.

3  Authority

  This instrument is made under the following

 (a) the Commonwealth Inscribed Stock Act 1911; and

 (b) the Commonwealth Inscribed Stock Regulations 2025; and

 (c) the Loans Securities Act 1919; and

 (d) the Loans Securities Regulations 2025; and

 (e) the Public Governance, Performance and Accountability Act 2013.

4  Schedules

  Each instrument that is specified in a Schedule to this instrument is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this instrument has effect according to its terms.

Schedule 1—Amendments

Part 1—Amendments relating to the Commonwealth Inscribed Stock Regulations 2025

Commonwealth Securities (Treasury Portfolio Agency) Delegations 2023

1  Paragraph 3(b)

Omit “Commonwealth Inscribed Stock Regulation 2015”, substitute “Commonwealth Inscribed Stock Regulations 2025”.

2  Section 4 (definition of CIS Regulations)

Omit “Commonwealth Inscribed Stock Regulation 2015”, substitute “Commonwealth Inscribed Stock Regulations 2025”.

3  Subsection 6(1)

Omit “under sections 15, 17 and 22”, substitute “under sections 17 and 21”.

4  Subsection 6(1) (note)

Omit “Sections 15, 17 and 22 of the CIS Regulations relate to prescribing amounts of stock for verification of transmission,”, substitute “Sections 17 and 21 of the CIS Regulations relate to”.

5  Subsection 6(2)

Omit “under sections 21 and 22”, substitute “under sections 20 and 21”.

6  Subsection 6(2) (note)

Omit “Sections 21 and 22”, substitute “Sections 20 and 21”.

Part 2—Amendments relating to the Loans Securities Regulations 2025

Commonwealth Securities (Treasury Portfolio Agency) Delegations 2023

7  Paragraph 3(d)

Omit “Loans Securities Regulation 2015”, substitute “Loans Securities Regulations 2025”.

8  Section 4 (definition of LS Regulations)

Omit “Loans Securities Regulation 2015”, substitute “Loans Securities Regulations 2025”.

9  Section 8

Omit “subsection 8(1)”, substitute “subsection 7(1)”.

10  Section 8

Omit “under sections 6 and 7”, substitute “under section 6”.

11  Section 8 (note)

Omit “Sections 6 and 7 of the LS Regulations relate”, substitute “Section 6 of the LS Regulations relates”.

Part 3—Other amendments

Commonwealth Securities (Treasury Portfolio Agency) Delegations 2023

12  Section 4

Insert:

Deputy CEO, in relation to the AOFM, means the SES employee, or acting SES employee, holding, occupying or performing the duties of the Deputy Chief Executive Officer of the AOFM.

13  Paragraphs 5(1)(b) and (c)

Repeal the paragraphs, substitute:

 (b) the Deputy CEO of the AOFM;

 (c) the Head, Funding, Strategy and Research, AOFM;

14  Paragraphs 6(1)(b), (c) and (d)

Repeal the paragraphs, substitute:

 (b) the Deputy CEO of the AOFM;

 (c) the Chief Operating Officer of the AOFM;

 (d) if an office or position covered by a preceding paragraph ceases to exist or is renamed—all of the offices or positions with similar functions or responsibilities.

15  Paragraphs 7(1)(b) and (c)

Repeal the paragraphs, substitute:

 (b) the Deputy CEO of the AOFM;

 (c) the Head, Funding, Strategy and Research, AOFM;

16  Paragraphs paragraph 7(2)(b) and (c)

Repeal the paragraphs, substitute:

 (b) the Deputy CEO of the AOFM;

 (c) the Head, Funding, Strategy and Research, AOFM;

17  After paragraph 7(4)(a)

Insert:

 (ba) the Deputy CEO of the AOFM;

18  Paragraphs 8(b) and (c)

Repeal the paragraphs, substitute:

 (b) the Deputy CEO of the AOFM;

 (c) the Chief Operating Officer of the AOFM;

 (d) if an office or position covered by a preceding paragraph ceases to exist or is renamed—all of the offices or positions with similar functions or responsibilities.

19  Paragraphs 9(1)(b) and (c)

Repeal the paragraphs, substitute:

 (b) the Deputy CEO of the AOFM;

 (c) the Head, Funding, Strategy and Research, AOFM;

20  Schedule 1 (table items 1 to 6)

Repeal the items, substitute:

 

1

subsection 3A(1) of the CIS Act

Authority to borrow

(a) CEO of the AOFM;

(b) Deputy CEO of the AOFM;

(c) Head, Funding, Strategy and Research, AOFM;

(d) Head, Domestic Markets Department, RBA;

(e) Deputy Head, Domestic Markets Department, RBA.

none

2

section 13C of the CIS Act

Arrangements etc relating to stock and depository interests

(a) CEO of the AOFM;

(b) Chief Operating Officer of the AOFM.

none

3

subsection 14(1) of the CIS Act

Establishment of registries and appointment of Registrars

(a) CEO of the AOFM;

(b) Chief Operating Officer of the AOFM

none

4

section 27 of the CIS Act

Limitations on registration of transactions

(a) CEO of the AOFM;

(b) Chief Operating Officer of the AOFM;

(c) Chief Finance Officer of the AOFM.

none

5

section 29 of the CIS Act

Verification of transmission

(a) CEO of the AOFM;

(b) Chief Operating Officer of the AOFM;

(c) Chief Finance Officer of the AOFM.

none

6

subsection 55(2) of the CIS Act

Forms

(a) CEO of the AOFM;

(b) Chief Operating Officer of the AOFM;

(c) Chief Finance Officer of the AOFM.

none

 

Overview

The Commonwealth Securities (Treasury Portfolio Agency) Amendment (2025 Measures No. 1) Delegations 2025I, enacted on 29 September 2025 by Dr Daniel Mulino, the Assistant Treasurer and Minister for Financial Services, amends several regulations concerning the Treasury Portfolio Agency, including the Commonwealth Inscribed Stock Regulations 2025 and the Loans Securities Regulations 2025. This legislation aims to update and refine the existing regulatory framework to better align with current financial practices and regulatory requirements. The amendments are made under the authority of the Commonwealth Inscribed Stock Act 1911, the Loans Securities Act 1919, the Commonwealth Inscribed Stock Regulations 2025, the Loans Securities Regulations 2025, and the Public Governance, Performance and Accountability Act 2013. The instrument includes specific changes such as updating references to new regulations, clarifying definitions, and adjusting the scope of certain provisions to ensure they remain relevant and effective in the current financial environment.

Scope and Application

The Commonwealth Securities (Treasury Portfolio Agency) Amendment (2025 Measures No. 1) Delegations 2025, issued under the authority of the Commonwealth Inscribed Stock Act 1911, the Commonwealth Inscribed Stock Regulations 2025, the Loans Securities Act 1919, the Loans Securities Regulations 2025, and the Public Governance, Performance and Accountability Act 2013, pertains to the Treasury Portfolio Agency and its role in managing Commonwealth securities. The instrument delegates specific authorities and responsibilities to certain officers within the Australian Office of Financial Management (AOFM), including the CEO, Deputy CEO, Chief Operating Officer, Head of Funding, Strategy and Research, and Heads of Domestic Markets Department within the Reserve Bank of Australia (RBA). These amendments and delegations aim to streamline the administration and oversight of Commonwealth securities, including inscribed stock and loans securities, by updating regulatory references and clarifying the scope of authority for certain officers in executing their duties. The changes take effect on the later of the date this instrument is registered and the commencement dates of the relevant regulations.

Key Provisions

The Commonwealth Securities (Treasury Portfolio Agency) Amendment (2025 Measures No. 1) Delegations 2025 introduces amendments to the Commonwealth Inscribed Stock Regulations 2025 and the Loans Securities Regulations 2025. These amendments include changes to the regulatory framework governing Commonwealth securities and loans, as well as adjustments to delegations of authority within the Australian Office of Financial Management (AOFM). Specific changes involve updating references to the new regulations, modifying definitions, and altering the sections under which certain regulatory actions are authorised (Sections 3(b), 4, 6(1), and 6(2)). The amendments also address other regulatory requirements, including the insertion of new definitions and the specification of authority holders for various regulatory functions within the AOFM (Sections 12, 13, and 14). These changes aim to streamline and modernise the regulatory framework, ensuring it aligns with current legislative and operational needs. The Act imposes several obligations on the parties and entities it governs. Firstly, it mandates the updating of references to the new Commonwealth Inscribed Stock Regulations 2025 and Loans Securities Regulations 2025 in relevant sections of the regulations (Sections 1 and 2). Secondly, it requires the AOFM to ensure that the specified authority holders are correctly identified for various regulatory functions, including borrowing, establishing registries, and verifying transmissions (Sections 3, 4, 5, and 6). Thirdly, it necessitates the repeal and substitution of certain paragraphs within the delegations, ensuring that the roles and responsibilities of specific positions, such as the Deputy CEO and the Chief Operating Officer, are accurately reflected (Sections 5(1)(b), (c), 6(1)(b), (c), (d), and 8(b), (c)). Finally, it requires the AOFM to implement these changes in accordance with the specified commencement dates outlined in the Schedule (Section 2). Breach of the provisions within this Act may result in various civil or criminal consequences. While the Act itself does not explicitly outline specific offences or penalties, non-compliance with the amended regulations could lead to actions under the primary Acts and Regulations that this instrument amends, such as the Commonwealth Inscribed Stock Act 1911 and the Loans Securities Act 1919. These primary Acts may impose penalties, including fines and other civil or criminal sanctions, for non-compliance with their respective regulatory requirements. The exact penalties would be determined in accordance with the relevant sections of the primary Acts, which may include fines up to a certain monetary limit or other specified penalties as per the jurisdictional laws.

Legal classification tags

Area of Law
Finance & Banking Law
Instrument
Notifiable instrument
Concepts
Commencement Provisions
Delegated & Subordinate Legislation
Repeal & Amendment

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Sourced from the Federal Register of Legislation at 26 August 2026. For the latest information on Australian Government law please go to https://www.legislation.gov.au.