Federal Register of Legislation - Australian Government

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Loan (War Service Land Settlement) Act 1972

Act No. 91 of 1972 as made
An Act to authorize the Raising and Expending of a sum not exceeding Six million five hundred thousand dollars for a Defence Purpose, namely, Financial Assistance to the States of South Australia, Western Australia and Tasmania in connexion with War Service Land Settlement.
Administered by: Finance
Date of Assent 18 Oct 1972
Table of contents.

 

 

 

 

 

 

Loan (War Service Land Settlement) Act 1972

 

No. 91 of 1972

 

 

 

 

 

An Act to authorize the Raising and Expending of a sum not exceeding Six million five hundred thousand dollars for a Defence Purpose, namely, Financial Assistance to the States of South Australia, Western Australia and Tasmania in connexion with War Service Land Settlement

 

  

  

  



 

 

Loan (War Service Land Settlement) Act 1972

 

No. 91 of 1972

 

 

 

An Act to authorize the Raising and Expending of a sum not exceeding Six million five hundred thousand dollars for a Defence Purpose, namely, Financial Assistance to the States of South Australia, Western Australia and Tasmania in connexion with War Service Land Settlement

[Assented to 18 October 1972]

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

1  Short title

                   This Act may be cited as the Loan (War Service Land Settlement) Act 1972.

2  Commencement

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

3  Authority to borrow $6,500,000

                   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 Six million five hundred thousand dollars.

4  Application of moneys

                   Moneys borrowed under this Act shall be issued and applied only for the expenses of borrowing and for the purpose of financial assistance to the States of South Australia, Western Australia and Tasmania in accordance with subsection (1) of section 2 of the States Grants (War Service Land Settlement) Act 1952‑1953.