STATES GRANTS (SPECIAL
FINANCIAL ASSISTANCE).
No. 58 of 1957.
An Act to
grant and apply out of the Consolidated Revenue Fund sums for the purpose of
Financial Assistance to the States.
[Assented to 20th November, 1957.]
BE it enacted by the Queen’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 (Special Financial Assistance) Act
1957.
Commencement.
2.This Act shall come into operation on the day on which it receives the
Royal Assent.
Financial assistance to
States.
3. There is payable to each State, during the
year which commenced on the first day of July, One thousand nine hundred and
fifty-seven, for the purpose of financial assistance, an amount calculated in
accordance with the next succeeding section.
Amount of financial
assistance payable.
4.The amount payable to a State under this Act is the amount by which the
amount calculated in respect of that State under sections six and seven of the States
Grants (Tax Reimbursement)
Act 1946–1948 in respect of the year which commenced on the first
day of July, One thousand nine hundred and fifty-seven, is less than the amount
which would be payable to that State if the aggregate grant to be divided
amongst the States in accordance with section seven of that Act in respect of
that year were One hundred and ninety million pounds.
Appropriation.
5.