TASMANIA
GRANT.
No. 27 of 1924.
An Act
to grant and apply out of the Consolidated Revenue Fund a sum for the purposes
of Financial Assistance to the State of Tasmania.
[Assented
to 26th September, 1924.]
Preamble.
BE it
enacted by the King’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 Tasmania Grant Act 1924.
Payment of £255,000 for financial
assistance to Tasmania.
2.Subject to this Act, there shall be payable, for the
purposes of financial assistance to the State of Tasmania, the sum of Two
hundred and fifty-five thousand pounds.
Payments to extend over period of five
years.
3.—(1.) Payments of the said sum of Two hundred and
fifty-five thousand pounds shall extend over a period of five years according
to the scale in the Schedule so that in each financial year mentioned in the
first column of the Schedule there shall be paid the sum set opposite to that
financial year in the second column of the Schedule.
(2.) The amount payable in any year shall be paid
in equal monthly instalments.
Payment of lottery tax to Tasmania.
4.In addition to the payment provided in section two of
this Act, there shall be payable to the State of Tasmania a sum which is equal
to the amount of income tax received by the Commonwealth in respect of prizes
won on or after the first day of July, One thousand nine hundred and
twenty-four, in lotteries held in that State.
Appropriation.
5.Payments in accordance with this Act shall be made out
of the Consolidated Revenue Fund which is hereby appropriated accordingly.
THE SCHEDULE.
Financial Year. | Amount Payable. |
£ |
1924-25....................................................................................................
| 85,000 |
1925-26....................................................................................................
| 68,000 |
1926-27....................................................................................................
| 51,000 |
1927-28....................................................................................................
| 34,000 |
1928-29....................................................................................................
| 17,000 |
255,000 |