States Grants (Capital Assistance) Act (No. 2) 1972 (Cth)

States Grants (Capital Assistance) (No. 2)

No. 21 of 1972

An Act to amend the States Grants (Capital Assistance) Act 1971, as amended by the States Grants (Capital Assistance) Act 1972.

[Assented to 16 May 1972]

BE it enacted by the Queen’s Most Excellent Majesty, the Senate, and the House of Representatives of the Commonwealth of Australia, as follows:—

Short title and citation.

1.—(1.) This Act may be cited as the States Grants (Capital Assistance) Act (No. 2) 1972.

(2.) The States Grants (Capital Assistance) Act 1971, as amended by the States Grants (Capital Assistance) Act 1972, is in this Act referred to as the Principal Act.

(3.) Section 1 of the States Grants (Capital Assistance) Act 1972 is amended by omitting sub-section (3.).

(4.) The Principal Act, as amended by this Act, may be cited as the States Grants (Capital Assistance) Act 1971-1972.

Commencement.

2. This Act shall come into operation on the day on which it receives the Royal Assent.

Authority to borrow.

3. Section 4 of the Principal Act is amended by omitting from sub-section (1.) the words “Two hundred and sixteen million, four hundred and sixty thousand dollars” and inserting in their stead the words “Two hundred and twenty-five million, seven hundred and sixty thousand dollars”.

The Schedule.

4. The Schedule to the Principal Act is repealed and the following Schedule inserted in its stead:—

THE SCHEDULE  Sections 3 and 7.

First Column	Second Column	Third Column	Fourth Column
State	Amount of Grant under Section 3(1.)	Amount of Grant under Section 3 (1a.) and Maximum Aggregate Amount of Payments under Section 7(1a.)	Maximum Aggregate Amount of Payments under Section 7(1.)
$	$	$
New South Wales.............................	69,690,000	2,120,000	34,845,000
Victoria............................................	55,890,000	1,700,000	27,945,000
Queensland.......................................	27,710,000	840,000	13,855,000
South Australia.................................	30,030,000	910,000	15,015,000
Western Australia.............................	20,470,000	620,000	10,235,000
Tasmania..........................................	15,310,000	470,000	7,655,000
219,100,000	6,660,000	109,550,000