STATES
GRANTS (ADMINISTRATION OF CONTROLS REIMBURSEMENT).
No.
64 of 1950.
An Act to make
provision for the grant of Financial Assistance to the States in connexion with
the administration of the Control of Prices and Rents.
[Assented
to 14th December, 1950.]
BE it
enacted by the King’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 (Administration of Controls
Reimbursement) Act 1950.
Commencement.
2. This Act shall come into operation on the day on which it receives
the Royal Assent.
Grants
to States.
3. There shall be payable to each State, for the purposes of
financial assistance towards the costs of administering the control of prices
and rents in that State during the financial year which commenced on the first
day of July, One thousand nine hundred and fifty, such amount as is determined
in accordance with section five of this Act.
Statement
of expenditure by State.
4.—(1.) An amount (other than an advance) shall not
be payable to a State under this Act unless the Premier of the State has, as
soon as possible after the thirtieth day of June, One thousand nine hundred and
fifty-one, furnished to the Treasurer a statement, certified by the
Auditor-General of the State, setting out the amount expended by the State in
administering the control of prices and rents during the financial year which
commenced on the first day of July, One thousand nine hundred and fifty.
(2.) The Treasurer may disallow any item of expenditure set out in a
statement furnished to him in pursuance of the last preceding sub-section.
Amount
of grant payable to States.
5. Upon receipt of a statement from the Premier of a State in
accordance with sub-section (1.) of the last preceding section, the Treasurer
shall determine the amount payable to the State under this Act, being the
amount set out in that statement less the amount of any item of expenditure
disallowed by the Treasurer in pursuance of sub-section (2.) of the last
preceding section.
Advances.
6.—(1.) The Treasurer may, at such times as he thinks
fit, make advances of such amounts as he thinks fit to a State on account of
the amount payable to that State under this Act.
(2.) Payment of each advance to a State is subject to the conditions
that—
(a) the advance shall be repaid to the
Commonwealth unless, not later than the thirtieth day of September, One
thousand nine hundred and fifty-one, or such later date as the Treasurer
determines, a statement has been received by the Treasurer from the Premier of
the State in accordance with sub-section (1.) of section four of this Act; and
(b) if the total of the advances paid to
the State exceeds the amount determined by the Treasurer in pursuance of the
last preceding section, the amount of the excess shall be repaid by the State.
Appropriation.
7.