Naval Financial Regulations (Amendment)

Overview

The Statutory Rules 1964, No. 168, made under the Naval Defence Act 1910-1964, address the need for adjustments to the consolidated rates of pay for certain officers within the Royal Australian Navy. Enacted by the Governor-General in Council, these regulations amend the Naval Financial Regulations to update the pay rates for officers serving in specific positions within the Naval Board and the Chiefs of Staff Committee. The policy objective of these amendments is to ensure that the remuneration for these roles reflects contemporary economic conditions and the responsibilities associated with these positions. The changes came into effect on and after the first day of November, 1964, providing a timely update to the financial provisions governing the Naval Defence Act.

Scope and Application

The Statutory Rules 1964, No. 168, made under the Naval Defence Act 1910-1964, specifically amend the Naval Financial Regulations to adjust the consolidated rates of pay for certain officers. These amendments apply to officers serving in the office of the First Naval Member of the Naval Board or the Chairman of the Chiefs of Staff Committee on and after the first day of November, 1964. The regulations focus on financial adjustments, particularly the alteration of specific pay rates, thereby affecting the remuneration of designated personnel within the Australian Defence Force. The changes to sub-regulations (1.) and (2.) of regulation 15 are intended to update the financial compensation for these positions in line with prevailing standards or budgetary considerations. As these regulations are directly tied to the Naval Financial Regulations, any broader implications or additional amendments would be detailed in the referenced statutory rules and amendments.

Key Provisions

The Regulations under the Naval Defence Act 1910-1964, as made by the Governor-General and Minister of State for the Navy, primarily involve amendments to the Naval Financial Regulations. Specifically, Regulation 15 of the Naval Financial Regulations is amended to adjust the consolidated rates of pay for certain officers. The amendments replace the previous rates with new figures: sub-regulation (1) changes the rate from "six thousand one hundred and fifty" to "seven thousand seven hundred and fifty," while sub-regulation (2) modifies the rate from "six thousand four hundred" to "eight thousand." These changes are applicable to service in specific offices, namely the First Naval Member of the Naval Board or Chairman, Chiefs of Staff Committee, on and after 1 November 1964. The obligations imposed by these regulations are primarily administrative and financial in nature. The amendments require the updating of records and systems to reflect the new rates of pay for the specified officers. This includes ensuring that payroll and financial management systems are adjusted to reflect the new figures, thereby maintaining accurate and up-to-date financial records in compliance with the revised regulations. The regulations necessitate that these changes are implemented without delay, affecting the compensation of officers in designated positions from the specified date. While the regulations themselves do not explicitly outline specific offences, penalties, or consequences for non-compliance, the overarching legislation, the Naval Defence Act 1910-1964, provides a framework within which these regulations operate. Under this act, failure to comply with the financial regulations could potentially lead to administrative penalties or disciplinary action against individuals or entities that do not adhere to the mandated changes. Although the specific penalties are not detailed in these regulations, the act likely includes provisions for enforcement, such as fines or other corrective measures, to ensure compliance with the financial and administrative requirements set forth by the regulations.