SURPLUS REVENUE.
No. 18 of 1909.
An Act relating to the Surplus Revenue of the Commonwealth.
[Assented to 13th
December, 1909.]
BE it enacted by the King’s Most Excellent Majesty,
the Senate, and the House of Representatives of the Commonwealth of Australia,
as follows:—
Short
title.
1. This Act may be
cited as the Surplus Revenue Act 1909.
2. In this Act—
Definition.
(a)“Capitation,” in
reference to a State, means the amount debited to that State under this Act,
divided by the number of the people of the State:
(b)“The excess
expenditure” means the sum, if any, over and above one-fourth of the net
revenue of the Commonwealth from duties of customs and excise for the financial
year ending on the thirtieth day of June, One thousand nine hundred and ten,
which the Commonwealth, in pursuance of Constitution
Alteration (Finance)1909, applies in that year, out of the said
net revenue, towards its expenditure for the service of that year.
Debiting
expenditure to the States for the year 1909–1910.
3.Out of the amount expended by the
Commonwealth in the financial year ending on the thirtieth day of June One
thousand nine hundred and ten for the purpose of old-age pensions, an amount
equal to the excess expenditure shall, in lieu of being debited to the several
States in the manner provided by the Surplus Revenue Act 1908, be so debited
to the several States that the capitation in the case of each of the States of
New South Wales, Victoria and Queensland shall be to the capitation in the case
of each of the States of South Australia, Western Australia, and Tasmania, in
the proportion of three to two.
Repeal.
4. If the Constitution
Alteration (Finance) 1909 is approved by the electors as
required by the Constitution and assented to by the Governor-General, the Surplus Revenue Act
1908