QUEENSLAND GRANT (SPECIAL ASSISTANCE) ACT 1977

No. 138 of 1977

An Act to grant financial assistance to Queensland.

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

Short title

1. This Act may be cited as the Queensland Grant (Special Assistance) Act 1977.

Commencement

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

Payment of financial assistance

3. (1) Subject to this section, there is payable to Queensland during the year that commenced on 1 July 1977, for the purpose of financial assistance, the sum of $24,800,000.

(2) The sum payable to Queensland referred to in sub-section (1) shall be reduced by the sum of any amounts paid to that State under section 4 of the Queensland Grant (Special Assistance) Act 1976.

(3) Payments for the purposes of sub-section (1) shall be made in such amounts and at such times as the Treasurer approves.

Payments for the year 1978-79

4. The Treasurer may, during the period of 6 months commencing on 1 July 1978, make payments to Queensland, for the purposes of financial assistance, of amounts not exceeding in the aggregate $12,400,000.

Appropriation

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