State Housing Act and Other Acts (Rate of Interest) Act of 1946 (10 Geo Vi No. 37) (Qld)

98 HOUSING. State Housing (Rate of Interest), Etc., Act. 10 GEO. VI. No. 37, 10 N G o E . O 3 . 7 V . I. An Act to Provide for the Reduction of the Rate of THE STATE HOUSING ACT Interest payable to the Queensland Housing AND OTHER ACTS (RATE 011 INTEREST) Commission in respect of Advances and A 1 C 9 T 46 O . F Contracts of Sale made pursuant to "The StateHousingAct of 1945" and certain other Acts and to the Workers' Homes Corporation in respect of Contracts of Sale made pursuant to "The Workers' Homes Acts, 1919 to 1934." [ASSENTED TO 14TH NOVEMBER, 1946.] B E it enacted by the King's Most Excellent Majesty, by and with the advice and consent of the Legis- lative Assembly of Queensland in Parliament assembled, and by the authority of the same, as follows:- Short title. 1. (1.) This Act may be cited as " The State Housing Act and Other Acts (Rate of Interest) Act of 1946." 30~!~~ction (2.) This Act shall where necessary be read and construed with *" The State Housing Act of 1945," herein in this Act referred to as the Principal Act. Interpre- tation. (3.) The expression "the dissolved Corporation" referred to in this Act means the dissolved Corporation referred to in section six of the Principal Act; and the expression "the Commission" referred to in this Act means the Queensland Housing Commission created by the Principal Act. Interest on advances 2. (1.) The rate of interest payable on and after made the first day of July, one thousand nine hundred and bQyuetehnesland forty-six, by every borrower to the Commission in respect Housing of the amount not duly repaid on or before such date Coromdimssioslsvioedn of any advance theretofore made to such borrower by Corporation the Commission or by the dissolved Corporation- before 1st July, 1946. (a) Pursuant to the provisions of the Principal Act or of t" The State Advances Acts, 1916 to 1934" ; or (b) As the deputy, agent, or attorney for or on behalf of the Crown or any Minister of the Crown, pursuant to the provisions of t" The Discharged Soldiers' Settlement Acts, 1917 to * 9 G. 6 No. 24. t 7 G. 5 No. 17 and amending Act. :j: 7 G. 5 No. 32 and amending Acts.

HOUSING. 99 1946. State Housing (Rate of Interest), Etc., Act. 1930," *" The Olermont Flood Relief Act of 1917," t" The Olermont Flood Relief Act Amendment Act of 1917," t" The Olermont Flood Relief Undertaking Act of 1917," or §" The State Advances Oorporation Buildings Improvement Act of 1932," or any other Act or law, shall be three pounds and fifteen shillings per centum per annum. (2.) (a) The rate of interest payable by every Interest on borrower to the Commission in respect of the amount adv:n~ es th of any advance made, during the period from and Coan: ni~ on t including the first day of July, one thousand nine hundred ~~ J fter and forty-six, to and including the day next preceding 1~ 46. uy, the date of publication in the Gazette of the first Order in Council made by the Governor in Council pursuant to section four of this Act, to such borrower by the said Commission, pursuant to its powers in that behalf hereinbefore mentioned in subsection one of this section, shall be three pounds and fifteen shillings per centum per annum. (b) The rate of interest payable by every borrower to the Commission in respect of the amount of any advance made, during the period from and including the date of publication in the Gazette of an Order in Council made by the Governor in Council pursuant to section four of this Act to and including the day next preceding the date upon which the next such Order in Council is so published, to such borrower by the said Commission, pursuant to its powers in that behalf hereinbefore mentioned in subsection one of this section, shall be the rate per centum prescribed by such first- mentioned Order in Council. 3. (1.) The rate of interest payable, on and after Interest on the first day of July, one thousand nine hundred and ~ ~ ~ : ~ : cts forty-six, by every purchaser of a home to the Commission entered into or to the Workers' Homes Corporation in respect of the ~ ; ~ ~ ission balance unpaid upon such date of the purchase moneys or the secured by a contract of sale theretofore entered into : ~ ! ~ rs' by such purchaser with the Commission pursuant to the Corporation provisions of the Principal Act or with the Workers' ~ ~ ~ el~ ~ t6. 4< 7 G. 5 No. 30. t 8 G. 5 No. 15. t 8 G. 5 No. 3. § 23 G. 5 No. 19.

100 HOUSING. State Housing (Rate of Interest), Etc., Act. 10 GEO. VI. No. 37, Homes Corporation pursuant to the provisions of *" The Workers' Homes Acts, 1919 to 1934," shall be three pounds and fifteen shillings per centum per annum. Interest on (2.) (a) The rate of interest payable by every ~ ~ ~ t: ~ ~ ~ r~ l purchaser of a home to the Commission or to the Workers' into br ~ he Homes Corporation in respect of the unpaid purchase o C r om th m e ISSIOn moneys secured by a contract of sale entered into ' Workers' during the period from and including the first day of ~ ~ rm: ati July, one thousand nine hundred and forty-six, to and on ~r aft~ ~ including the day next preceding the date of publication t~ ~ t.uly, in the Gazette of the first Order in Council made by the Governor in Council pursuant to section four of this Act, by such purchaser with the Commission pursuant to the provisions of the Principal Act or with the Workers' Homes Corporation pursuant to the provisions of *" The Workers' Homes Acts, 1919 to 1934," shall be three pounds and fifteen shillings per centum per annum. (b) The rate of interest payable by every purchaser of a home to the Commission or to the Workers' Homes Corporation in respect of the unpaid purchase moneys secured by a contract of sale entered into, during the period from and including the date of publication in the Gazette of an Order in Council made by the Governor in Council pursuant to section four of this Act to and including the day next preceding the date upon which the next such Order in Council is so published, by such purchaser with the Commission pursuant to the pro- visions of the Principal Act or with the Workers' Homes Corporation pursuant to the provisions of *" The Workers' Homes Acts, 1919 to 1934," shall be the rate of interest prescribed by such firstmentioned Order in Council. Power of 4. The Governor in Council may, from time to g~ : ~ o; oin time, by Order in Council published in the Gazette, prescribe prescribe the rate of interest payable by every borrower f~ : : r~ ; t on to the Commission and by every purchaser of a home future loans. to the Commission or to the Workers' Homes Corporation in respect of- (a) Any advance made to such borrower by the Commission- (i.) Pursuant to the provisions of the Principal Act; or ,. 10 G. 5 No. 7 and amending Acts.

HOUSING. 101 1946. State Housing (Rate of Interest), Etc., Act. (ii.) As the deputy, agent, or attorney for or on behalf of the Crown or any Minister of the Crown, pursuant to the provisions of *" The Discharged Soldiers' Settlement Acts, 1917 to 1930," t" The Clermont Flood Relief Act of 1917," t" The Clermont Flood Relief Act Amendment Act of 1917," §" The Clermont Flood Relief Undertaking Act of 1917," or 11" The State Advances Corporation Buildings Improvement Act of 1932," or any other Act or law; (b) The unpaid balance of the purchase moneys secured by a contract of sale- (i.) Entered into pursuant to the provisions of the Principal Act by such purchaser with the Commission; or (ii.) Entered into pursuant to the provisions of ~ " The Workers' Homes Acts, 1919 to 1934," by such purchaser with the Workers' Homes Corporation, during the period from and including the date of publication in the Gazette of such Order in Council to and including the day next preceding the date upon which the next such Order in Council is so published: Provided that an Order in Council made under this section shall not apply to or in respect of any such advance or contract of sale made or entered into before the date of publication in the Gazette of such Order in Council and that the rate of interest payable in respect of any such advance or contract ofsale entered into before such date shall, notwithstanding the publication of such Order in Council, continue to be the rate payable under or pursuant to this Act immediately prior to such date. 5. Every borrower or purchaser of a home herein- Borrowers before mentioned in this Act shall- ~~ hasers (i.) (In the case of a borrower to whom an advance of hO.mes to was made by the dissolved Corporation or pay mteresi;. the Commission, or a purchaser of a home with whom the Commission or the Workers' Homes Corporation entered into a contract '" 7 G. 5 No. 32 and amending Acts. t 7 G. 5 No. 30. ~ 8 G. 5 No. 15. § 8 G. 5 No. 3. 811,3 G. 5 No. 19. ,10 G. 5 No. 7 and amending Acts.

102 HOUSING. State H0U8ing (Rate of Interest), Etc., Act. 10 GEO. VI. No. 37, 1946. of sale before the first day of July, one thousand nine hundred and forty-six) on and after such date pay interest at the rate of three pounds and fifteen shillings per centum per annum in respect of the amount of such advance not repaid or, as the case may be, the balance of the purchase moneys secured by such contract unpaid, on such date; and (ii.) (In the case of a borrower to whom an advance is made by the Commission, or a purchaser of a home with whom the Commission or the Workers' Homes Corporation enters into a contract of sale during the period from and including the first day of July, one thousand nine hundred and forty-six, to and including the day next preceding the date of publication in the Gazette of the first Order in Council made by the Governor in Council pursuant to section four of this Act) on and from the date such advance is made or, as the case may be, such contract is entered into pay interest at the rate of three pounds and fifteen shillings per centum per annum in respect of the amount of such advance or, as the case may be, the unpaid purchase money secured by such contract; and (iii.) (In the case of a borrower to whom an advance is made by the Commission, or a purchaser of a home with whom the Commission or the Workers' Homes Corporation enters into a contract of sale during the period from and including the date of publication in the Gazette of an Order in Council made by the Governor in Council pursuant to section four of this Act to and including the day next preceding the date upon which the next such Order in Council is so published) on and from the date such advance is made or, as the case may be, such contract is entered into pay interest at the rate per centum prescribed by the Order in Council first hereinbefore in this paragraph mentioned in respect of the amount of such advance or, as the case may be, the unpaid purchase money secured by such contract.

HOUSING-INCOME TAX. 103 11 GEO. VI. No. 23, 1946. Income Tax Adjustment Act. 6. This Act and every Order in Council made under Opetation this Act shall, to the extent necessary to give operation of Act. and effect to the provisions hereof and of every such Order in Council, be read and construed as modifying- (i.) The provisions of the Principal Act and of any other Act or law hereinbefore in this Act mentioned; and (ii.) The provisions of *" The State Advances Act and Other Acts Relief Amendment Act of 1934" and t"TheStateAdvances Acts and OtherActs(Rate of Interest) Act of 1943," and any Order in Council made under such Acts or either of them; and (iii.) The terms and conditions of any mortgage, contract of sale, or other security securing any advance or purchase moneys hereinbefore in this Act mentioned, and not otherwise. INCOME TAX. An Act to Provide for Certain Adjustments of Income 11 N G o E . O 2 . 3 V . I. Tax heretofore paid. THE INCOME TA']( ADJUST)(DN'!' [ASSENTED TO 24TH DECEMBER, 1946.] ACT OF 1946. B E it enacted by the King's Most Excellent Majesty, by and with the advice and consent of the Legis- lative Assembly of Queensland in Parliament assembled, and by the authority of the same, as follows:- 1. This Act may be cited as "The Income Tax Short title. Adjustment Act of 1946." 2. (1.) Such refund of tax as will prevent double ~efunds of taxation by reason of the alteration of the period of lUcome t,a:&:. assessment provided for in section thirty-seven of t" The Income Tax Act Amendment Act of 1920 " may, notwith- standing the suspension by §" The Financial Arrangements and Development Aid Act of 1942" of section seven of II"TheIncomeTaxAssessmentActs,1936to1942,"bemade- (a) As respects a taxpayer who has died on or after the first day of July, one thousand nine hundred and forty-one, and before the passing of this Act; or .. 25 G. 5 No. 16. t 7 G. 6 No. 34. t 10 G. 5 No. 35. § 6 G. 6 No. 26. III E. 8 No. 32 and amending Acts.