LOAN
(WAR SERVICE LAND SETTLEMENT)
ACT 1975
No. 62 of 1975
An Act to authorize the
Raising and Expending of a sum not exceeding $4,000,000 for a Defence Purpose,
namely, Financial Assistance to South Australia, Western Australia and Tasmania
in connexion with War Service Land Settlement.
BE IT ENACTED by the
Queen, the Senate and the House of Representatives of Australia, as follows:—
Short
title.
1. This Act may be cited as the Loan
(War Service Land Settlement) Act 1975.
Commencement.
2. This Act shall come into operation on the day on which it receives
the Royal Assent.
Authority
to borrow $4,000,000.
3. The Treasurer may, from time to time, in accordance with the
provisions of the Commonwealth Inscribed
Stock Act 1911-1973, or in accordance with the provisions of any Act
authorizing the issue of Treasury Bills, borrow moneys not exceeding in the
whole $4,000,000.
Application
of moneys.
4. Moneys borrowed under this Act shall be issued and applied only
for the expenses of borrowing and for the purpose of financial assistance to
South Australia, Western Australia and Tasmania in accordance with sub-section
2(1) of the States Grants (War Service
Land Settlement) Act 1952-1953.
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