Loan (Unemployment Relief Works) Act 1932 (Cth)

 

LOAN (UNEMPLOYMENT RELIEF WORKS).

No. 9 of 1932.

An Act to authorize the Raising and Expending of a certain sum of money for the purposes of Financial Assistance to the States in the provision of Relief to persons out of Employment.

[Assented to 11th May, 1932.]

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.

1. This Act may be cited as the Loan (Unemployment Relief Works) Act 1932.

 

Treasurer may borrow £1,800,000.

2. The Treasurer may, from time to time, under the provisions of the Commonwealth Inscribed Stock Act 1911–1927, or under the provisions of any Act authorizing the issue of Treasury Bills, borrow moneys not exceeding in the whole the amount of One million eight hundred thousand pounds.

Purpose for which money may be expended.

3. The amount borrowed shall be issued and applied only for the expenses of borrowing and for the purpose of expenditure in accordance with this Act to provide relief to persons out of employment.

Grant to States.

4.—(1.) Out of the amount borrowed under the provisions of this Act there shall, subject to this Act, be granted to the States specified in this section, by way of financial assistance to those States, the amounts respectively specified opposite the names of those States for the purpose of expenditure to provide relief to persons out of employment:

Victoria, £475,000.

Queensland, £310,000.

South Australia, £195,000.

Western Australia, £145,000.

Tasmania, £75,000.

(2.) No payment shall be made under this section to a State—

(a)except for expenditure on approved works; and

(b) unless the State provides an equivalent amount for expenditure on approved works.

(3.) For the purposes of this section “approved works” means works which have been approved by an Employment Council, established by the State in which the works are to be carried out, on which there are two representatives of the Commonwealth nominated by the Treasurer:

Provided that, for the purposes of paragraph (a)of the last preceding sub-section, no work shall be deemed to be an approved work unless—

(a)approval of the work has been concurred in by both the representatives of the Commonwealth on the Council, or

(b)the work is approved by the Treasurer.

Relief of unemployment in New South Wales.

5.—(1.) For the purpose of granting financial assistance to the State of New South Wales, the Commonwealth may, out of the amount borrowed under the provisions of this Act, expend an amount not exceeding Six hundred thousand pounds on approved works in that State to provide relief to persons out of employment.

(2.) For the purposes of this section there shall be an Employment Council consisting of not less than five, nor more than seven, members appointed by the Governor-General.

 

(3.) The members of the Council shall hold office during pleasure.

(4.) One of the members shall be appointed by the Governor-General to be the Chairman of the Council.

(5.) Three members of the Council shall form a quorum.

(6.) No amount shall be expended under this section except on works recommended by the Council and approved by the Treasurer, and any works so recommended and approved shall be approved works within the meaning of sub-section (1.) of this section.

(7.) The Treasurer shall publish in the Gazette particulars, including the estimated cost, of the works which are, from time to time, approved under this section.

Regulations.

6.