Defence
(Re-establishment)
No.
89 of 1967
An
Act to amend the Defence (Re-establishment) Act 1965–1966 in relation to Re-establishment Loans.
[Assented
to 8 November 1967]
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 sod citation.
1.—(1.) This Act may be cited as the Defence (Re-establishment) Act 1967.
(2.) The Defence
(Re-establishment) Act 1965–1966 is in this Act referred
to as the Principal Act.
(3.) The Principal Act, as amended by this Act, may
be cited as the Defence (Re-establishment) Act 1965–1967.
Commencement.
2.This
Act shall come into operation on the day on which it receives the Royal Assent.
Interpretation.
3. Section 50 of the Principal Act is amended by adding at the end
thereof the following sub-section:—
“(2.) Where a person is not an eligible person by
reason only that he is not a person to whom paragraph (b)of the definition of ‘eligible
person’ in the last preceding sub-section applies, a prescribed authority may,
if the prescribed authority considers it desirable in the circumstances of the
case, determine that the person shall be an eligible person for the purposes of
this Part.”.
4.—(1.) Section 54 of the Principal Act is repealed
and the following section inserted in its stead:—
Interest
on Loans.
“54.—(1.) Except as prescribed, a loan made under this
Part bears interest as prescribed.
“(2.) In this section, ‘prescribed’ means
prescribed by the regulations as in force at the time when the loan was made.”.
(2.) Section 54 of the Principal Act as amended by
this Act extends to loans made before the commencement of this Act.