National Welfare Fund Act 1952 (Cth)

NATIONAL WELFARE FUND.

 

No. 65 of 1952.

An Act to amend the National Welfare Fund Act 1943–1950.

[Assented to 23rd October, 1952.]

BE it enacted by the Queen’s Most Excellent Majesty, the Senate, and the House of Representatives of the Commonwealth of Australia, for the purpose of appropriating the grant originated in the House of Representatives, as follows:—

Short title and citation.

1.—(1.) This Act may be cited as the National Welfare Fund Act 1952.

(2.) The National Welfare Fund Act 1943–1950* is in this Act referred to as the Principal Act.

(3.) The Principal Act, as amended by this Act, may be cited as the National Welfare Fund Act 1943–1952.

Commencement.

2. This Act shall be deemed to have come into operation on the first day of July, One thousand nine hundred and fifty-two.

3. Section three of the Principal Act is repealed and the following section inserted in its stead:—

Definition.

“3. In this Act, ‘the National Welfare Fund’ or ‘the Fund’ means the Trust Account established by this Act and known as the National Welfare Fund.”.

   

4. Section five of the Principal Act is repealed and the following section inserted in its stead:—

Appropriation for purposes of National Welfare Fund.

“5. There is payable out of the Consolidated Revenue Fund, which is appropriated accordingly, for the purposes of the National Welfare Fund, in each financial year, an amount equal to the amount of moneys paid out of the National Welfare Fund in that financial year.”.