LOAN (EMERGENCY WHEAT STORAGE) ACT 1955 [Note: This Act is "repealed" by Act No. 61 of 1981]
(#DATE 29:10:1966)
Compilation Information
- Reprinted as at 29 October 1966
LOAN (EMERGENCY WHEAT STORAGE) ACT 1955-1966 - TABLE OF PROVISIONS
TABLE
LOAN (EMERGENCY WHEAT STORAGE) ACT 1955-1966
TABLE OF PROVISIONS
Section
1. Short title
2. Commencement
3. Definitions
4. Authority to borrow #3,500,000
5. Application of moneys
6. Treasurer may make advances to Australian Wheat Board
7. Power of Australian Wheat Board to borrow from the Commonwealth
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LOAN (EMERGENCY WHEAT STORAGE) ACT 1955-1966 - SECT. 1.
Short title.
SECT
Board for the purpose of enabling the Board to meet its liabilities in
relation to emergency Wheat Stores and to empower the Board to borrow Moneys
to be so advanced.
Short title amended; No. 32, 1918, s. 2.
1. This Act may be cited as the Loan (Emergency Wheat Storage) Act
1955-1966.*
LOAN (EMERGENCY WHEAT STORAGE) ACT 1955-1966 - SECT. 2.
Commencement.
SECT
2. This Act shall come into operation on the day on which it receives the
Royal Assent.*
LOAN (EMERGENCY WHEAT STORAGE) ACT 1955-1966 - SECT. 3.
Definitions.
SECT
3. In this Act, unless the contrary intention appears-
''emergency wheat stores'' means wheat stores erected or to be erected by or
on behalf of the Australian Wheat Board between the first day of May, One
thousand nine hundred and fifty-four, and the thirtieth day of June, One
thousand nine hundred and fifty-six, and includes land acquired for the
purposes of such a store;
''the Australian Wheat Board'' or ''the Board'' means the Australian Wheat
Board constituted under the Wheat Marketing Act 1948-1953 and continued in
existence by the Wheat Industry Stabilization Act 1954.
LOAN (EMERGENCY WHEAT STORAGE) ACT 1955-1966 - SECT. 4.
Authority to borrow #3,500,000.
SECT
4. The Treasurer may, from time to time, in accordance with the provisions
of the Commonwealth Inscribed Stock Act 1911-1946, or in accordance with the
provisions of any Act authorizing the issue of Treasury Bills, borrow moneys
not exceeding in the aggregate Three million five hundred thousand pounds.
LOAN (EMERGENCY WHEAT STORAGE) ACT 1955-1966 - SECT. 5.
Application of moneys.
SECT
5. Moneys borrowed under this Act shall be issued and applied only for the
expenses of borrowing and for making advances to the Board in accordance with
this Act.
LOAN (EMERGENCY WHEAT STORAGE) ACT 1955-1966 - SECT. 6.
Treasurer may make advances to Australian Wheat Board.
SECT
6. The Treasurer may, out of moneys borrowed under this Act, make advances
to the Board of such amounts and on such terms and conditions as the Treasurer
determines for the purpose of enabling the Board to meet its liabilities in
relation to emergency wheat stores.
LOAN (EMERGENCY WHEAT STORAGE) ACT 1955-1966 - SECT. 7.
Power of Australian Wheat Board to borrow from the Commonwealth.
SECT
7. Notwithstanding anything contained in the Wheat Industry Stabilization
Act 1954, the Board may, for the purpose of meeting its liabilities in
relation to emergency wheat stores, borrow from the Commonwealth, on such
terms and conditions as the Treasurer determines, moneys that by this Act the
Treasurer is authorized to advance to the Board.
Section 8 repealed by No. 65, 1966, s. 19.
* * * * * * * *
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LOAN (EMERGENCY WHEAT STORAGE) ACT 1955-1966 - NOTE
NOTE
1. The Loan (Emergency Wheat Storage) Act 1955-1966 comprises the Loan
(Emergency Wheat Storage) Act 1955 as amended by the other Act specified in
the following table:
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Number Date of
Act and year Date of
Assent commencement
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Loan (Emergency Wheat
Storage) Act 1955 No. 37, 1955 26 Sept 1955 26 Sept 1955
National Debt Sinking
Fund Act 1966 No. 65, 1966 29 Oct 1966 1 July 1966
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