TASMANIA GRANT (THE MOUNT LYELL MINING
AND RAILWAY COMPANY LIMITED) ACT 1977
No.
141 of 1977
An Act to grant
financial assistance to Tasmania in relation to The Mount Lyell Mining and
Railway Company Limited.
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 Tasmania Grant (The Mount Lyell Mining and Railway Company Limited)
Act 1977.
Commencement
2. This Act shall come
into operation on the day on which it receives the Royal Assent.
Approval of execution of agreements
3. Approval is given to
the execution, on behalf of the Commonwealth, whether before or after the
commencement of this Act, of an agreement or agreements between the
Commonwealth and Tasmania for the payment by the Commonwealth to Tasmania of
amounts not exceeding in the aggregate one-half of the sum of any payments made
by Tasmania to The Mount Lyell Mining and Railway Company Limited for the
purpose of assisting the continuation of the operation of that Company’s mine
at Mount Lyell in Tasmania from 15 August 1977 to a date not later than 30 June
1978.
Payments and advances under agreements
4. (1) Any payments
(including advances) by the Commonwealth to Tasmania that are provided for in
any agreement referred to in section 3 may be made to Tasmania, by way of
financial assistance, on the terms and conditions contained in the agreement.
(2) The
payments (including advances) referred to in sub-section (1) may be made out of
the Consolidated Revenue Fund, which is appropriated accordingly.