States
Grants (Capital Assistance) Act 1980
No. 149 of 1980
An
Act to grant financial assistance to the States in connection with expenditure
of a capital nature and to authorize the borrowing of certain moneys by the Commonwealth
[Assented to 19 September 1980]
BE
IT ENACTED by the Queen, and the Senate and the House of Representatives of the
Commonwealth of Australia, as follows:
Short
title
1. This Act may be cited
as the States Grants (Capital Assistance) Act 1980.
Commencement
2. This Act shall come
into operation on the day on which it receives the Royal Assent.
Grants
to States during the year 1980-81
3. (1) There is payable to a
State specified in Column 1 of the Schedule, during the year ending on 30 June
1981, for the purpose of financial assistance in connection with expenditure of
a capital nature, the amount specified in Column 2 of the Schedule opposite to
the name of that State, less the sum of any amounts paid to that State under
section 4 of the States Grants (Capital Assistance) Act 1979.
(2) Payments for the
purposes of this section shall be made in such amounts and at such times as the
Treasurer approves.
Advance
payments to States for 1981-82
4. The Treasurer may,
during the period of 6 months commencing on 1 July 1981, make payments to a
State specified in Column 1 of the Schedule, for the purpose of financial
assistance in connection with expenditure of a capital nature, of amounts not
exceeding in the aggregate the amount specified in Column 3 of the Schedule
opposite to the name of that State.
Payments
to be made out of Consolidated Revenue Fund or Loan Fund
5. Payments to a State for
the purposes of this Act may be made out of the Consolidated Revenue Fund or
the Loan Fund.
Authority
to borrow
6. (1) Subject to sub-section (2), the Treasurer may, during the
period commencing on the date of commencement of this Act and ending on 31
December 1981, in accordance with the provisions of the Commonwealth Inscribed Stock Act 1911, or in accordance with the
provisions of an Act authorizing the issue of Treasury Bills, borrow moneys not
exceeding in the aggregate the sum of—
(a)
$653,625,000; and
(b)
the expenses of borrowing.
(2) For the purposes of the
application of sub-section (1), the amount specified in paragraph (1)(a) shall
be taken to be reduced by the sum of any amounts borrowed by the Treasurer in
accordance with sub-section 6(1) of the States
Grants (Capital Assistance) Act 1979 for the purpose of making payments to
the States in accordance with section 4 of that Act.
Application
of moneys borrowed
7. Moneys borrowed under
sub-section 6(1) shall be issued and applied only for the expenses of
borrowing, for the purpose of making payments to the States in accordance with
this Act and for the purpose of making payments to the Consolidated Revenue
Fund in accordance with section 8.
Reimbursement
of Consolidated Revenue Fund from Loan Fund
8. (1) Where an amount has been paid out of the Consolidated Revenue
Fund under this Act or under section 4 of the States Grants (Capital
Assistance) Act 1979, the
Minister of State for Finance may authorize the payment to that Fund, out of
the Loan Fund, of an amount not exceeding the amount so paid.
(2) In any statement
prepared by the Minister of State for Finance under section 50 of the Audit Act 1901, amounts paid to the
Consolidated Revenue Fund under sub-section (1) of this section shall not be
shown as receipts of that Fund but shall be shown as having reduced the total
of the amounts expended from that Fund under this Act and under section 4 of
the States Grants (Capital Assistance)
Act 1979.
Appropriation
9. The Consolidated
Revenue Fund and the Loan Fund are appropriated as necessary for the purposes
of this Act.
———————
SCHEDULE Sections
3 and 4
Column
1 | Column
2 | Column
3 |
State | Amount
of grant under sub-section 3 (1) | Maximum
aggregate amount of payments under section 4 |
New
South Wales..................................................................... | $ 140,854,000 | $ 70,427,000 |
Victoria................................................................................... | 109,473,000 | 54,736,500 |
Queensland.............................................................................. | 57,777,000 | 28,888,500 |
South
Australia........................................................................ | 56,787,000 | 28,393,500 |
Western
Australia..................................................................... | 40,320,000 | 20,160,000 |
Tasmania................................................................................. | 30,539,000 | 15,269,500 |
435,750,000 | 217,875,000 |