STATES
GRANTS (HOUSING ASSISTANCE)
ACT
1976
No. 10 of 1976
An Act
to Authorize Advances to the States of Financial Assistance in connexion with
Housing and to Authorize the Borrowing of Certain Moneys by the Commonwealth.
BE IT
ENACTED by the Queen, and the Senate and House of Representatives of the
Commonwealth of Australia, as follows:—
Short title.
1. This Act may be cited as the States Grants (Housing Assistance) Act 1976.
Commencement.
2.This Act shall come into operation on the
day on which it receives the Royal Assent.
Repeal.
3. The States Grants (Housing Assistance) Act 1974 is repealed.
Definitions.
4. In this Act—
“Housing Agreement”, in
relation to a State, means—
(a) the agreement with the State executed
in pursuance with the Housing Agreement Act 1973,
being that agreement as amended in accordance with the agreement with the State
executed in pursuance of the Housing Agreement
Act 1974; or
(b) if
that agreement is subsequently amended by an agreement or agreements the
execution of which is authorized or approved by the Parliament—that agreement
as so amended;
“repealed Act” means the States Grants (Housing Assistance) Act 1974.
Advances to States.
5.The Treasurer may, during the period
commencing on the date of commencement of this Act and ending on 30 June 1976,
make advances to a State, in accordance with the Housing Agreement with the
State, of amounts not exceeding in the aggregate the amount specified in Column
1 of the Schedule opposite to the name of that State.
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 1976, in
accordance with the provisions of the Commonwealth
Inscribed Stock Act 1911-1973, or in accordance with the
provisions of an Act authorizing the issue of Treasury Bills, borrow moneys not
exceeding in the aggregate $546,900,000.
(2) The aggregate amount
of moneys that may be borrowed under sub-section (1) is reduced by the sum of
any amounts borrowed by the Treasurer in accordance with section 6 of the
repealed Act for the purposes of making payments to the States in accordance
with section 8 of that Act.
Advances made before commencement of Act.
7. (1) An advance that was made to a State under section
8 of the repealed Act before the commencement of this Act shall be deemed to
have been an advance made to that State under section 5 of this Act.
(2) An advance that was
made to a State under section 5 of the Financial Agreement
Act 1928-1966 on or after 1 July 1975, and before the
commencement of this Act, shall, if the Treasurer, with the concurrence of the
State, so determines, be deemed to have been an advance made to that State
under section 5 of this Act.
Advances to States for year 1976-77.
8.The Treasurer may, during the period of 6
months commencing on 1 July 1976, make advances to a State, in accordance with
the Housing Agreement with that State, of amounts not exceeding in the aggregate
the amount specified in Column 2 in the Schedule opposite to the name of that
State.
Advances to be made out of Consolidated Revenue Fund
or Loan Fund.
9.Advances to a State under section 5 or 8
may be made out of the Consolidated Revenue Fund or the Loan Fund.
Application of moneys borrowed.
10.Moneys borrowed under section 6, and moneys
borrowed under section 6 of the repealed Act and not applied before the
commencement of this Act, shall be issued and applied only for the expenses of
borrowing, for the purposes of making advances to the States in accordance with
section 5 or 8 of this Act and for the purpose of making payments to the
Consolidated Revenue Fund in accordance with section 11.
Reimbursement of Consolidated Revenue Fund from Loan
Fund.
11. (1) Where an amount has been paid out of the
Consolidated Revenue Fund under this Act or under the repealed 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 of the
statements of the receipts and expenditure, or of the expenditure, of the
Consolidated Revenue Fund prepared by the Treasurer under section 49 or 50 of
the Audit Act 1901-1975, amounts paid to
the Consolidated Revenue Fund under sub-section (1) of this section or under
sub-section 11(1) of the
repealed Act 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
or the repealed Act.
(3) Where there has been
a payment from the Loan Fund to the Consolidated Revenue Fund under sub-section
(1) in respect of an amount paid out of the Consolidated Revenue Fund under
this Act or the repealed Act, the amount so paid out of the Consolidated Revenue
Fund, shall, for the purposes of sections 9 and 10 of the National Debt Sinking Fund Act 1966-1967, be deemed to
have been paid out of the Loan Fund.
Appropriation.
12.The Consolidated Revenue Fund and the Loan
Fund are appropriated as necessary for the purposes of this Act.
__________
SCHEDULE Sections 5 and 8
Column 1 | Column 2 |
1975-76 | 1976-77 |
New South Wales............................................................................ | 123,411,000 | 61,705,500 |
Victoria............................................................................................ | 98,159,000 | 49,079,500 |
Queensland...................................................................................... | 31,010,000 | 15,505,000 |
South Australia................................................................................ | 56,360,000 | 28,180,000 |
Western
Australia............................................................................ | 33,440,000 | 16,720,000 |
Tasmania.......................................................................................... | 22,220,000 | 11,110,000 |
364,600,000 | 182,300,000 |