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Loan (Housing) Act 1968

Authoritative Version
Act No. 79 of 1968 as made
An Act to Authorize the Raising and Expending of Moneys for the purposes of Housing.
Date of Assent 06 Nov 1968
Date of repeal 31 Dec 1973
Repealed by Statute Law Revision Act 1973

Loan (Housing)

No. 79 of 1968

An Act to Authorize the Raising and Expending of Moneys for the purposes of Housing.

[Assented to 6 November 1968]

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 Loan (Housing) Act 1968.

Commencement.

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

 

Authority to borrow $126,000,000.

3.  The Treasurer may, from time to time, in accordance with the provisions of the Commonwealth Inscribed Stock Act 1911–1966, or in accordance with the provisions of any Act authorizing the issue of Treasury Bills, borrow moneys not exceeding in the whole One hundred and twenty-six million dollars.

Application of moneys.

4.  Moneys borrowed under this Act shall be issued and applied only for the expenses of borrowing and for the purposes of making advances to the States in pursuance of section 4 of the Housing Agreement Act 1966.