Loan (Farmers' Debt Adjustment) Act 1936 (Cth)

 

LOAN (FARMERS’ DEBT ADJUSTMENT).

No. 8 of 1936.

An Act to amend sections six and eight of the Loan (Farmers’ Debt Adjustment) Act 1935.

[Assented to 20th March, 1936.]

BE it enacted by the King’s Most Excellent Majesty, the Senate, and the House of Representatives of the Commonwealth of Australia, as follows:—

Short title and citation.

1.—(1.) This Act may be cited as the Loan (Farmers’ Debt Adjustment) Act 1936.

(2.) The Loan (Farmers’ Debt Adjustment) Act 1935 is in this Act referred to as the Principal Act.

(3.) The Principal Act, as amended by this Act, may be cited as the Loan (Farmers’ Debt Adjustment) Act 1935–1936.

 

Grants to States.

2.—(1.) Section six of the Principal Act is amended by omitting from sub-section (3.) all words after the word “legislation” and inserting in their stead the words “which is declared by proclamation to be legislation which affords farmers reasonable facilities for relief in respect of debts owing by them”.

(2.) This section shall be deemed to have commenced on the date of commencement of the Principal Act.

Certificates of Auditors-General.

3.Section eight of the Principal Act is amended by omitting sub-section (1.) and inserting in its stead the following subsections:—

“(1.) As soon as possible after the commencement of each half-year, the Auditor-General for the Commonwealth shall, in respect of each State, furnish to the Minister a certificate stating whether or not during the last preceding half-year there has been any breach by the State of the conditions of the grant.

“(1a.) For the purposes of this section, the term ‘half-year’ means half-year ending on the thirtieth day of June or the thirty-first day of December.”.