STATES GRANTS ACT 1974

No. 84 of 1974

An Act to amend the States Grants Act 1973 to grant additional Financial Assistance to the State of Tasmania.

BE IT ENACTED by the Queen, the Senate and the House of Representatives of Australia, as follows:—

Short title and citation.

1. (1) This Act may be cited as the States Grants Act 1974.

(2) The States Grants Act 1973 is in this Act referred to as the Principal Act.

(3) The States Grants Act 1973, as amended by this Act, may be cited as the States Grants Act 1973-1974.

Commencement

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

Grants to states.

3.   Section 6 of the Principal Act is amended by omitting from sub-section (1) the word and figure “section 7”, and substituting the words and figures “sections 6a and 7 ”

4.   After section 6 of the Principal Act the following section is inserted: —

Additional Grants to Tasmania.

“6a. (1) There is payable to the State of Tasmania, during the year commencing on 1 July 1974, in addition to the amount payable to that State during that year under section 6, an amount of $15,000,000.

“(2) For the purpose of ascertaining the amount of the grant to be paid under section 6 to the State of Tasmania during the year commencing on 1 July 1975 and during each succeeding year, the amount of the grant paid to that State under section 6 during the year that commenced on 1 July 1974 shall be deemed to be an amount equal to the sum of the amount so paid and the amount paid under sub-section (1) of this section.”