States Grants (Special Assistance)

No. 116 of 1972

An Act to grant Financial Assistance to the States of Queensland, South Australia and Tasmania.

[Assented to 31 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:—

Short title.

1.  This Act may be cited as the States Grants (Special Assistance) Act 1972.

Commencement.

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

Payment of financial assistance to a State.

3.—(1.)  Subject to this section, there is payable during the year that commenced on the first day of July, One thousand nine hundred and seventy-two, for the purpose of financial assistance—

(a) to the State of Queensland—the sum of Ten million dollars;

(b) to the State of South Australia—the sum of Twenty-one million dollars; and

(c) to the State of Tasmania—the sum of Seven million six hundred thousand dollars.

(2.)  A sum payable to the State of Queensland under the last preceding sub-section shall be reduced by the sum of any amounts paid to that State under section 4 of the Queensland Grant Act 1972.

(3.)  A sum payable to the State of South Australia or to the State of Tasmania under sub-section (1.) of this section shall be reduced by the sum of any amounts paid to that State under section 4 of the States Grants (Special Assistance) Act 1971.

(4.)  Payments for the purposes of this section shall be made in such amounts and at such times as the Treasurer determines.

Payments for year 1973–74.

4.  The Treasurer may, during the period of six months commencing on the first day of July, One thousand nine hundred and seventy-three, make payments to a State referred to in sub-section (1.) of the last preceding section, for the purpose of financial assistance, of amounts not exceeding in the whole a sum equal to one-half of the amount specified in that sub-section in relation to that State.

Appropriation.

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