States Grants
(Housing Assistance) Act 1973
No. 45 of 1973
AN
ACT
To make Advances
to the States of Financial Assistance in connexion with Housing and to
Authorize the Borrowing of Certain Moneys by the Commonwealth.
[Assented to 7 June 1973]
BE IT ENACTED by the Queen, the
Senate and the House of Representatives of Australia, as follows:—
Short
title.
1. This Act may be cited as the States Grants (Housing Assistance) Act 1973.
Commencement.
2.This Act shall come into operation
on the day on which, it receives the Royal Assent.
Advances
to States for year 1973–74.
3.The Treasurer may, during the
period of six months commencing on 1st July, 1973, make advances to a State, in
accordance with an agreement executed in pursuance of the Housing Agreement Act 1973 by or on behalf of the Commonwealth and
that State, of amounts not exceeding in the aggregate the amount specified in
the Schedule opposite to the name of that State.
Advances
to States to be made out of Consolidated Revenue Fund or Loan Fund.
4.Advances to a State for the
purposes of section 3 may be made out of the Consolidated Revenue Fund or the
Loan Fund.
Authority
to borrow.
5.The Treasurer may, during the
period commencing on the date of commencement of this Act and ending on 31st
December, 1973, in accordance with the provisions of the Commonwealth Inscribed Stock Act 1911–1966, or in accordance with
the provisions of an Act authorizing the issue of Treasury Bills, borrow moneys
not exceeding in the aggregate Eighty-four million six hundred thousand
dollars.
Application
of money borrowed.
6.Moneys borrowed under section 5
shall be issued and applied only for the expenses of borrowing, for the purpose
of making advances to the States in accordance with section 3 and for the
purpose of making payments to the Consolidated Revenue Fund in accordance with
section 7.
Reimbursement
of Consolidated Revenue Fund from Loan Fund.
7. (1) Where an amount has been paid out of the
Consolidated Revenue Fund under this Act, the Treasurer 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 of the receipts and
expenditure, or of the expenditure, of the Consolidated Revenue Fund prepared
by the Treasurer under section 49 or section 50 of the Audit Act 1901–1969, 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.
Appropriations.
8.The Consolidated Revenue Fund and
the Loan Fund are appropriated as necessary for the purposes of this Act.
SCHEDULE Section
3
$ |
New South Wales................................................................................................... | 28,600,000 |
Victoria................................................................................................................. | 18,750,000 |
Queensland............................................................................................................ | 7,750,000 |
South Australia...................................................................................................... | 14,750,000 |
Western Australia................................................................................................... | 10,500,000 |
Tasmania............................................................................................................... | 4,250,000 |
84,600,000 |