STATES GRANTS (ADDITIONAL ASSISTANCE) (No. 2).

No. 36 of 1963.

An Act to provide for the payment of certain sums to the States by way of Additional Financial Assistance.

[Assented to 30th August, 1963.]

BE it enacted by the Queen’s Most Excellent Majesty, the Senate, and the House of Representatives of the Commonwealth of Australia, as follows:—

Short title.

1.  This Act may be cited as the States Grants (Additional Assistance) Act (No. 2) 1963.

Commencement.

2.  This Act shall come into operation on the day on which it receives the Royal Assent.

Financial assistance to States.

3.—(1.)     There is payable to each State, during the year that commenced on the first day of July, One thousand nine hundred and sixty-three, for the purpose of financial assistance, the amount specified in the Schedule to this Act opposite to the name of the State.

(2.)    The amount payable to a State under this Act is payable by instalments; the time of payment of each instalment and the amount of each instalment shall be as determined by the Treasurer.

Appropriation.

4.  Payments in accordance with this Act shall be made out of the Consolidated Revenue Fund, which is appropriated accordingly.

THE SCHEDULE.                                              Section 3.