STATES
GRANTS.
No.
16 of 1962.
An Act to grant Financial
Assistance to certain States.
[Assented
to 6th April, 1962.]
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.
1. This Act may be cited as the States
Grants Act 1962.
Commencement.
2. This Act shall come into operation on the day on which it receives
the Royal Assent.
Financial
assistance to certain States.
3.—(1.) There is payable to each State the name of
which is specified in the Schedule to this Act, during the year that commenced
on the first day of July, One thousand nine hundred and sixty-one, for the
purpose of financial assistance, the amount specified in that Schedule opposite
to the name of the State.
(2.) Payments in accordance with the last preceding
sub-section shall be made out of the Consolidated Revenue Fund, which is
appropriated accordingly.
Variation
of grant to Victoria.
4. In the application of sub-section (2.) of section five of the States Grants Act 1959 in relation to
the State of Victoria in relation to the financial year commencing on the first
day of July, One thousand nine hundred and sixty-two, the grant payable under
that section to that State during the financial year preceding that financial
year shall be deemed to be Seventy-two million seven hundred and thirty
thousand pounds.
Section
3. THE
SCHEDULE.
—
£
|
Victoria................................................................
| 1,024,000
|
Western
Australia.................................................
| 339,000
|
Tasmania.............................................................
| 97,000
|
1,460,000
|