States (Works and Housing) Assistance Amendment Act 1986 (Cth)

States (Works and Housing) Assistance Amendment Act 1986

No. 124 of 1986

  

An Act to amend the States (Works and Housing) Assistance Act 1985

[Assented to 6 December 1986]

BE IT ENACTED by the Queen, and the Senate and the House of Representatives of the Commonwealth of Australia, as follows:

Short title, &c.

1. (1) This Act may be cited as the States (Works and Housing) Assistance Amendment Act 1986.

(2) The States (Works and Housing) Assistance Act 19851is in this Act referred to as the Principal Act.

Commencement

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

3. After section 5 of the Principal Act the following sections are inserted:

Grants to States during 1986-87 in respect of capital expenditure

“5a. The Treasurer may, during the second relevant year, make payments to a State specified in column 1 of Schedule 3, for the purpose

 

of financial assistance in connection with expenditure of a capital nature, of amounts not exceeding in the aggregate the difference between—

(a) the amount specified in column 2 of the Schedule opposite to the name of the State; and

(b) the sum of any amounts paid to the State under section 5.

Advance payments to States for 1987-88 in respect of capital expenditure

“5b. The Treasurer may, during the period of 6 months commencing on 1 July 1987, make payments to a State specified in column 1 of Schedule 3, 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 the State.”.

Loans to States for public housing

4. Section 6 of the Principal Act is amended—

(a) by omitting from sub-paragraph (b) (i) of the definition of “prescribed amount” in sub-section (5) “60%” and substituting “the whole”; and

(b) by omitting from sub-paragraph (b) (ii) of that definition “30%” and substituting “60%”.

Loans to Northern Territory for public housing

5. Section 10 of the Principal Act is amended—

(a) by omitting from sub-section (1) “30% of its borrowing entitlement” and substituting “the prescribed amount in relation to the relevant year”;

(b) by omitting from sub-section (4) “30% of the borrowing entitlement of the Northern Territory” and substituting “the prescribed amount”; and

(c) by omitting sub-section (5) and substituting the following sub-section:

“(5) In this section—

‘borrowing entitlement’, in relation to a relevant year, means the amount of general purpose capital assistance determined by the Commonwealth, in association with the approval by the Loan Council of the total borrowing program for the relevant year, to be made available to the Northern Territory during the relevant year by way of loans from the Commonwealth;

‘prescribed amount’ means—

(a) in relation to the first relevant year and the third relevant year—an amount equal to 30% of the borrowing entitlement of the Northern Territory for the relevant year; and

(b) in relation to the second relevant year—an amount equal to 60% of the borrowing entitlement of the Northern Territory for the relevant year.”.

 

Schedule

6. The Principal Act is amended by adding at the end the following Schedule:

“SCHEDULE 3 Sections 5a and 5b

CAPITAL GRANTS FOR 1986-87 AND ADVANCE PAYMENTS FOR 1987-88

Column 1	Column 2	Column 3
Maximum aggregate amount of payments under section 5a	Maximum aggregate amount of payments under section 5b
$	$
New South Wales............................................	138,809,000	69,404,500
Victoria...........................................................	107,884,000	53,942,000
Queensland.....................................................	56,939,000	28,469,500
Western Australia............................................	39,735,000	19,867,500
South Australia...............................................	55,962,000	27,981,000
Tasmania........................................................	30,097,000	15,048,500
Total........................................................	429,426,000	214,713,000”.

NOTE

1. No. 118, 1985.

[Minister’s second reading speech made in—

House of Representatives on 24 September 1986

Senate on 15 October 1986